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:

Assessed value $250,000
Because the rate is 1.20% of assessed value,
Multiply the rate times the assessed value X .0120
Tax Amount: $3,000

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.