Property Tax Bills Are On the Way

Yippee.

The tax bill is the aggregate amount levied by several taxing bodies, such as county, municipality (Township, Village, City), school district, technical college, etc.

Two numbers to watch are your Net Property Tax (what you will pay out of pocket) and Total Estimated Fair Market Value (the amount that the mill rate is applied to.)

More analysis of the net tax impact of adjustments to Total Estimated Fair Market Value will be discussed after all municipality tax bills have been uploaded.

While much has been made of flat or declining mill rates (amount levied per $1,000 of property value), in some cases taxpayers may experience a net increase, because Total Assessed Value has been divided by an Average Assessment Ratio that reflects real estate sale price increases in your municipality in the year 2018.

Click HERE to get to the statement or follow the steps below. If you click on the link, the County Treasurer’s office said “less is more” with the amount of information you tap in. Simply type in your last name and your statement should come up.