- Assessor
- Property Taxes
- How Property Taxes are Calculated
Your property taxes are determined by multiplying the tax rate (set by local government taxing entities) by the assessed or taxable value of your property.
Example Using a $300,000 Residence and 100 Mills Levy
If the total mill levy is 100 mills and using the residential assessment rate of 7.15% and a non-residential assessment rate of 29%, annual taxes would be:
However, taxes for like-valued properties will vary based on the specific mill levy for the tax district where the property is located.