The method for figuring ad valorem taxes requires four steps:
You must know the taxable market value of your property
The assessment ratio (11% Real Property - 13.75% Personal)
The tax rate for your area of the county
Tax Bill Example
The example is based upon a property that has a taxable market value of $50,000 with homestead exemption and a tax rate of $100 per thousand. In this example, the final tax bill is $450. This could vary if the district in which the property is located had higher or lower school, city or other bond issues. Rates generally vary from $86 to $134 per thousand within the county. Estimate your tax using our tax calculator.