Estimating Your Taxes
If the tax rate in your community has been established at 1.20% (1% base rate plus .20% for prior indebtedness) the property tax would be calculated as follows:
|Because the rate is 1.20% of assessed value,|
|Multiply the rate times the assessed value||X .0120|
The tax amount may be adjusted for any special benefit assessments, such as sewer service charges, or reduced by any legal exemption which may apply.