How to Figure Real Estate Taxes
Figuring real estate taxes is not a difficult task, provided some basic information is known about the property. If a homeowner or other interested party wants to find the assessed value on a property, a visit to the county courthouse or the auditor's website is in order. Property deeds, tax card information and delinquent tax notices are all a matter of public record. This information is available from country auditors, recorder and treasurers, usually at no cost, but sometimes with a nominal copying charge.
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Things You'll Need
- Current tax bill or tax card
- Basic math skills or a calculator
- Knowledge of local tax rates (available from country treasurer)
Instructions
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How to Figure Real Estate Taxes
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1
Determine the assessed tax value of the property. This information is listed on the property card in the local auditor's office, and is mailed to homeowners annually.
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2
Determine the levy tax rates for the municipality where the property is located. This information is available from the county courthouse, and is displayed on the annual tax bill.
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3
Divide the assessed home value by 1,000. Write down this number on a piece of paper, of type it into the calculator.
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4
Multiply this number by the tax levy rate.
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5
Total the two figures to determine the tax value of the piece of real estate.
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1
Tips & Warnings
To verify the estimated real estate tax amount, contact the county auditor or treasurer.
References
- Photo Credit Tara Dodrill
