How Property Tax Bills are Calculated

April 12th, 2013

The assessor determines the market value of the property.  For real property, the market value is determined as of January 1 of the odd numbered years.  For personal property  it is determined each January 1.  Market value of vehicles is determined by the October issue of the NADA.

Once market value has been determined, the assessor calculates a percentage of that value to arrive at the assessed value.  The percentage is based on the classification, determined by the type of property or how it is used.  After the assessed value is calculated, the tax levies are applied.

Please see FAQ’s for additional information.