jue 13 de ago
|Location is TBD
Property Taxes - Taxing Units and Local Budgets Educational Class
Don't like your property tax payments amounts? Find out how these are calculated, and what you can do to make sure you are not being overcharged.
Horario y ubicación
13 ago 2026, 5:00 p.m. – 7:00 p.m.
Location is TBD
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Understanding Property Tax Payments
Feeling dissatisfied with your property tax payment amounts? You're not alone. Many homeowners and property owners often question how these amounts are determined and whether they are being charged fairly. Understanding the intricacies of property tax calculations can empower you to take action if you believe you are being overcharged.
How Property Taxes Are Calculated
Property taxes are typically based on the assessed value of your property and the local tax rate. Here’s a deeper look into the components:
Assessed Value: This is the value determined by your local tax assessor, which may differ from the market value. The assessment is usually based on various factors such as property size, location, and improvements made.
Tax Rate: Local governments set a tax rate, often expressed in mills (dollars per $1,000 of assessed value). This rate can vary significantly between different municipalities and is influenced by budgetary needs and local services.
Exemptions and Deductions: Certain exemptions may apply based on factors like your age, disability status, or whether the property is your primary residence. These can reduce the taxable value of your property.