Full Text
CALCULATION FORMULA TO DETERMINE ESTIMATED TAXES 2024 Assessment Rates Multiplied by Equals Multiplied by Equals Multiplied by Equals Multiplied by Equals Vacant Land 27.9 Commercial Land 27.9 Commercial Buildings 27.9 Agriculture Buildings 26.4% Agriculture Land 26.4% MARKET VALUE Statutory Assessment Rate of 27.9% or 26.4% Assessed Value Assessed Value Round to the nearest 10 Mill Levy (move decimal three places to the left) Taxes Residential Land 6.7% Residential Building Residential Multi Family Statutory Residential Assessment Rate of 6.7% Assessed Value MARKET VALUE Assessed Value Rounded to nearest 10 Mill Levy (move decimal three places to the left) TAXES