The following property tax calculator will help you determine how much tax you will pay for your house.
Guidelines to use the calculator
First, enter the market value.
The market value is the what your house or property is worth on the open market.
Second, enter the assessed value
The assessed value is a percent of the market value. The state may decide that the assessed value is 50 % of the market value. That is half the selling price of the house
The lower the assessed value, the lower your property tax. As a result, happy you!
If your assessed value is 100, that means the government will use the market value. Not good for you!
