How Taxes are CalculatedProperty taxes are calculated by multiplying your assessed property value by the applicable tax rate for your class of property, as shown on your most recent final tax bill.
For example, if the residential tax rate is 0.01323198, the calculation for a residential house with an assessment value of $200,000 is:
Assessed Value $200,000
Residential Tax Rate x 0.01323198
Property Tax Owing $2,646.40