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How is the value of property taxes determined?

Sagot :

Property taxes are calculated by taking the mill rate and multiplying it by the assessed value of your property. ... The market value is then multiplied by an assessment rate to arrive at the assessed value
gardnergardner129
Your local assessor determines the estimated market value of all the properties in the community. Your assessor may use the sales comparison approach or any other method to arrive at your properties estimated market value, which is available on the assessment roll and your property tax bill.
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