Mill Rate and Calculations
Mill Rate for the 2021 Grand List Year is 25.02
How to Calculate Your Tax Bills (example)
Vehicle | |
---|---|
2018 Toyota RAV4 LE Value | $22,400.00 |
70% of value by State Statute | x 0.70 |
Taxable Assessment | $15,680.00 |
Mil Rate (25.02) | x 0.02502 |
Your Vehicle Tax Bill | $392.31 |
Real Estate | |
---|---|
Home Value from Last Valuation (2019) | $295,000.00 |
70% of value by State Statute | x 0.70 |
Taxable Assessment | $206,500.00 |
Mil Rate (25.02) | x 0.02502 |
Your Real Estate Tax Bill | $5,166.63 |
Real Estate with Exemption | |
---|---|
If you qualify for exemptions such as Military, Disability, Elderly, etc., your real estate tax bill is caclulated as follows: | |
Home Value from Last Valuation (2019) | $245,000.00 |
70% of value by State Statute | x 0.70 |
Taxable Assessment | $171,500.00 |
Less any applicable Exemptions | -$6,000.00 |
Net Taxable Assessment | $165,500.00 |
Mil Rate (25.02) | x 0.02502 |
Your Real Estate Tax Bill | $4,140.81 |
For Vehicle with Exemptions, follow the same formula for Real Estate exemption.