What is a Tax Rate?
The tax rate is the amount of tax payable per dollar of the assessed value of a property. Property tax in dollar terms is calculated by multiplying the assessed property value and the tax rate and dividing by 1,000. As a property may be subject to tax by a number of different authorities, tax rates are set by each taxing authority so as to meet the revenue projections in their budgets.

Show All Answers

1. How do I get a copy of my property tax bill?
2. What is the penalty for late payments?
3. How do I appeal my assessment if I believe that my property assessment is unfair or inaccurate?
4. What does my tax bill cover?
5. What are Education taxes?
6. Why do I pay for school taxes when I don't have children going to school?
7. What is meant by Assessment and Taxation?
8. How was my assessment value determined?
9. What is a Tax Rate?
10. How are my property taxes determined?
11. What is the supplementary assessment?
12. Why does my assessed value differ from my bank mortgage appraisal or real estate appraisal?
13. How Does the Town Determine My Municipal Property Taxes?
14. What is Market Value?
15. How is Market Value Determined?