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How are Property Taxes calculated?

Property Taxes are calculated by multiplying the Market Value of your property by the Tax Rate.  The formula used to determine property tax is:

Property assessed value x Tax Rate ÷ 1000 = Property tax levy

TaxRateMillsExplained

Tax Tip

For every $100,000 assessed value classified as residential in the North Forty Mile Regional Waste

Service area, taxes are calculated as follows:

$100,000 X 8.98673 ÷ 1000 = $898.67

 MILLRATE COMPARISON 10 Year