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How do they determine property taxes?

Olivia Morris | 2023-05-07 23:43:35 | page views：1617
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Daniel Rodriguez

Works at Amazon, Lives in Seattle. Holds a degree in Business Administration from University of Washington.
The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%. After getting the assessed value, it is multiplied by the mill levy to determine your taxes due. For example, suppose the assessor determines your property value is $500,000 and the assessment rate is 8%.
2023-05-10 23:43:35
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Charlotte Scott

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The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%. After getting the assessed value, it is multiplied by the mill levy to determine your taxes due. For example, suppose the assessor determines your property value is $500,000 and the assessment rate is 8%.
Property Taxes: How They Are Calculated - Investopedia
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