Property taxes are calculated using the actual value of the property, the assessment rate, and the mill levy.
- The actual value of each property is determined by the Assessor’s Office.
- For tax year 2025 residential property is projected to be assessed at 7.05% for school districts and 6.25% for all other local government. All other property will be assessed at 27%.
- Mill Levies are set annually in December by taxing authorities (i.e. school districts, towns, fire, etc.)
Residential Property Tax Calculation Example:
School District Calculation:
Actual Value X School Assessment Rate X School District Mill Levy = School Property Taxes Due

Local Government Calculation:
Actual Value X Local Government Assessment Rate X Total Local Government Mill Levy = Local Government Taxes Due

Final Tax Dollar Calculation:
School Property Taxes Due + Local Government Taxes Due = Total Taxes Due

All other property Tax Calculation Example:
Actual Value X Assessment Rate (27%) X Total Mill Levy = Property Taxes Due
