How Do I Calculate Real Estate Taxes Using the Millage Rate?

how do you calculate real estate taxes

by Robert C. Young

Real estate taxes are computed using just a percentage of the property's value.

Call or visit you county tax assessor's office and request the assessed value for your address, or get the information from the tax assessor's website. Ask the assessor's office for the taxable percentage of assessed value. For example, assume that your assessed value is $100,000 and that 30 percent of assessed value is taxable.

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