How is the tax rate figured?
The tax rate, or millage, is set annually. A tax rate of 1 mill represents a tax liability of $1 per $1,000 of assessed value.

The assessed value--40% of the fair market value--of a house that is worth $100,000 is $40,000. In a county where the millage rate is 25 mills the property tax on that house would be $1,000; $25 for every $1,000 of assessed value or $25 multiplied by 40 is $1,000.

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1. How is my property value determined?
2. What property exemptions are available?
3. How can I appeal my assessment?
4. How is the tax rate figured?