Property Taxes
Property tax is a tax on land and property. It is based on the assessed value of a property. If you own a property, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public works as well as elementary and secondary education.
Calculated at:
- Residential: Assessment x 45% (portion taxable) x mill rate per $1,000
- Commercial: Assessment x 65% (portion taxable) x mill rate per $1,000
- Agricultural: Assessment x 26% (portion taxable) x mill rate per $1,000
Property taxes are calculated by applying municipal and school mill rates against the portioned assessment of your property. By definition, a mill is a one-thousandth part. For calculating taxes, one mill represents $1.00 of taxes for every $1,000.00 of portioned assessment.
Tax Calculator
$ Property Value:
Taxable Ratio
Base Tax
$ Assessment Value:
Select a jurisdiction
| Factor | Value |
|---|
| Millage Description | Millage | Amount |
|---|
| Millage Credits | Millage | Amount |
|---|
Total
$