How are taxes calculated?


Actual Value
X
Assessment Rate
=
Assessed Value
X
=
Taxes Due
Role of the Assessor
Determined by the state
Actual Value x Assessment Rate (Residential rate used for example)
Determined by your property's local taxing district
Role of the Treasurer


(To determine your taxes due, move the decimal point in the mill levy 3 places to the left when multiplying.)

Example:
$450,000   x   0.0695   =   $31,275   x   0.113226   =   $3,541.14



Show All Answers

1. What does the assessor's office do?
2. How do I look up my property value?
3. How are taxes calculated?
4. What are ACTUAL vs ASSESSED values, assessment rates, and mill levies?
5. What is the assessment date?
6. What are the assessment RATES?
7. What are mill levies (detailed)?
8. What are taxing authorities?
9. How do I appeal my property value?
10. I have questions about paying my tax bill.
11. I have questions about mineral rights.
12. Where can I get information about my property lines?