Computing Taxes

The dollar amount imposed on property in taxes in any year is determined by the tax rate limitations plus any voter approved bonded debt.

Districts must certify the total amount they are authorized to levy to the tax assessor. The tax assessor then uses a property’s assessed value based on a July 1 assessment date, the $5 per $1,000 limitation amount, the fixed property tax rate and any existing bonded debt service levies to determine the amount of tax on a particular piece of property and consequently the amount of taxes districts can expect to receive.

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