Effective Tax Rate
The Effective Tax Rate equals the amount of taxes divided by the property value. This is the rate used to compare the tax burden from one area to the next.
In our example, it is $1,216 divided by $200,000 equals 0.0068 or 0.608%.
At the bottom of the Assessment Schedule or Notice of Assessment sent in April of every year, an estimated tax is given as well as the previous year's tax amount. The estimate is based on the previous year's Mill Levy for your tax district. The Treasurer's Office sends your actual tax bill in September after the County Commissioners, school boards, towns, and special districts have held their budget hearings and the final Mill Levies have been confirmed by the County Commissioners.
If you have any questions regarding your property's valuation, please contact the Assessor's Office at 307-733-4960.