Compute Your Property Tax

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Calculating Property Tax*



Market Value X Taxable Ratio = Taxable Value
Taxable Value X 2016 Mill Rate** = Gross Tax Estimate

Gross Tax Estimate = Tax Bill.

The market value of the property is the Appraised Value.  The Taxable Ratio is set by State Law at 4.5% for residential & 5.0% for commercial.  The 2016 Mill Rate is 340.42.

 

For example, a property with a True & Full Value of $100,000.

$100,000 X 4.5% = $4,500

$4500 X .34042 (2016 Mill Rate) = $1,531.89

 

*This information is for reference only and should not be taken to be the exact values. This amount does not include any unpaid special assessments. For more detailed information, please contact the Assessing Department at 746-2611.


**The Mill Rate, when used as a multiplier, requires moving the decimal point. The decimal point is moved three places to the left. (This is similar to moving the decimal point two places when multiplying by a %.)


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