Tax rates or mill levies are set by the various political entities with the legal power to levy taxes. These Governmental entities include counties, school districts, cities, towns and special taxing districts (such as water and sewer districts and cemetery districts). Your tax notice indicates the amount you pay to each taxing entity. To calculate your taxes, multiply your taxable value by the tax rate.
Example:
• If the total tax rate was 68 mills, the formula would look like this:
• Taxable Value x Tax Rate = Tax Due or $9,500 x 0.068 = $646.00
Taxes are due and payable at the office of the County Treasurer of the county in which the taxes are levied. Fifty percent (50%) of the taxes are due by November 10 in each year and the remaining fifty percent (50%) of the taxes are due by May 10 of the succeeding calendar year. If the entire tax is not paid on time, interest may be charged.