Real Estate
|
How We Figure Your Tax Bill |
|
In
Ohio, real estate taxes differ by county, township or
village, and the school district you live in. Each of these adds
millage to your total tax rate. Find your
tax rate.
Taxes
are then calculated on 35% of your home's appraised
value. This 35% is known as the assessed value.
Calculating
Tax Using the Appraised Method
| Appraised
Value |
$56,
421 |
| Assessment
% |
35% |
| Assessed
Value |
$19,750 |
|
* Effective Tax Rate |
48.363115 |
| Subtotal |
$955.17 |
| 10%
Rollback |
95.52 |
| 2
1/2% Credit |
23.88 |
|
|
| 2000
Full Year Tax |
$835.78 |
| Estimating
Your Tax Using the Appraised Method
|
|
|
|
