Property Taxని ఎలా లెక్కించాలి

Property Tax అంటే ఏమిటి?

Property tax is an annual tax on real estate assessed by local governments. It is calculated as: Property Tax = Assessed Value × Mill Rate / 1,000. The assessed value is often less than market value (a percentage called the "assessment ratio").

దశల వారీ గైడ్

1. 1Assessed value = Market value × Assessment ratio (varies: 40–100% by jurisdiction)
2. 2Mill rate is the tax per $1,000 of assessed value
3. 3Annual tax = (Assessed value / 1,000) × Mill rate
4. 4Many jurisdictions offer homestead exemptions that reduce assessed value

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