2 years ago

The calculation of property tax is based on the

1 answer:

5 0

The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%. After getting the assessed value, it is multiplied by the mill levy to determine your taxes due. For example, suppose the assessor determines your property value is $500,000 and the assessment rate is 8%.

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Step-by-step explanation:

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