Property Assessment Rates
REAL PROPERTY IS CLASSIFIED AND THEN ASSESSED AT THE PERCENTAGE OF APPRAISED VALUE LISTED BELOW.
PROPERTY PERCENTAGES ARE SET BY THE STATE CONSTITUTION AND CAN NOT BE ADJUSTED BY THE COUNTY.
CLASSIFICATION DESCRIPTIONS AND ASSESSMENT PERCENTAGES ARE LISTED IN THE ATTACHMENT BELOW.
Frequently Asked Questions
How to calculate taxes?
Appraised Value X Percentage Rate X Mill Levy = Tax Amount
When figurning in the mill levy always move the decimal point to the front example 452.215 should be .452215
What is the mill levy?
The mill levy is the "tax rate" that is applied to the assessed value of your property.
One mill is one dollar per $1,000 dollars of assessed value. It consists of a local portion which is used to fund area services and a statewide portion which is used to fund public schools.
The statewide school mill levy is currently 20 mills. However, the first $20,000 in appraised value of your home is exempt from the statewide school mill levy.