How are real estate taxes calculated?
Real estate taxes are calculated by multiplying the property's assessed value by the current tax rate. For example, if the tax rate is $1.08 per $100 of assessed value and the property is assessed at $100,000, you multiply $100,000 by 0.0108, which gives you an annual tax of $1,080.

Show All Answers

1. Who establishes the tax rate?
2. How are real estate taxes calculated?
3. What is the effective date of annual assessments?
4. How do I know if my property assessment has changed?
5. Will home maintenance increase the assessment?
6. How can my assessment increase or decrease even when there have been no changes made to the property?
7. Are properties reassessed every year?
8. What is meant by the term "sales ratio"?
9. What is the required ratio of assessed value to fair market value?
10. How do I access property assessments and record information?
11. What should a property owner do if they disagree with their assessment?