Assessed value and taxable value are not synonymous terms.
Property is assessed as of January 1st.
Property is reassessed every 2 years.
Taxes are levied on a value determined by the auditor by applying an assessment limitation percentage to the assessed value and deducting any applicable exemptions or credits. The assessment limitation percentage varies each year.
2021 Assessed value (residential class)
roll back percentage (2021)
roll back value (taxable)
levy $38.80051 per thousand (varies with taxing district)
Homestead Credit $4,850 x levy (4850x.03880051)
property tax (rounded to nearest even whole dollar)