2018 Payable Property Tax Rates

  • City – 65.646
  • County – 54.785
  • School – 27.692
  • Total TC – 148.123
  • MV Rate – 0.24522
  • State – 45

Property Tax Estimate

Assessed market value of $1,000,000 (Industrial or Commercial)

Tax Capacity Rate (TC)
$2,250 first $150,000 @ 1.5%
+ $17,000 over $150,000 @ 2%
– – – – – –
= $19,250 Total Tax Capacity
x 148.123% Total Tax Capacity Rate (148.123%) = $28,514
+ $2,452 Market Value Rate (0.24522% of market value)
– – – – – –
= $30,966 Total Local Taxes
+ $8663 State TC Rate (Total TC x 45%)
– – – – – –
$39,629 Total Property Tax Liability