Calculating Property Tax

Calculating Your Annual Property Tax

To estimate your annual property tax:

Multiply the taxable value of your property X the current tax rate for your property's tax class.

Property tax rates change each year, as well as the value of exemptions and abatements. The actual taxes you pay in July might be different.

Example

Calculating Your Taxes		Example - A Class 1 Property	Your Property
1. Enter the Taxable Value from the Notice		$16,000
2. Enter the Tax Rate for your Tax Class (see below)		X .18205 (18.205%)	X
3. Multiply Taxable Value by the Tax Rate		$2,912.80
Tax rates change every year. The number above is only an estimate of the tax you will owe if the tax rate remains the same.
Tax Rates:
Class 1: 18.205%	Class 2: 13.433%	Class 3: 12.473%	Class 4: 10.152%
Veteran's Exemption: Homeowners with a Veteransʼ Exemption are required to pay a tax to support public schools. For example, if your Veterans’ Exemption is $2,500, you pay the following tax to support schools:
Class 1: 11.596% $289.90	Class 2: 8.582% $214.55	Class 3: No Exemptions $0	Class 4: 6.493% $162.33

By Credit/Debit/E-Check

	Parking Tickets
	Property Taxes
	Camera Violations
	Business Collection Notices
	RPTT Penalty & Interest
	Water Charges
	Environmental Control Board (ECB) Violations
	Health (DoH) Violations
	Consumer Affairs (DCA) Violations

By Electronic Funds Transfer

	Business Taxes
	Property Taxes
	Stipulated Fine Program Payments

Important Dates