answersLogoWhite

0


Best Answer

You need to first find out the tax rate levied per $1,000 (this is called a millage rate) or per $100 of assessed value. This information is readily available from your local assessor, tax collector, or tax official. Property taxes are calculated using the following formula: Assessed value divided by 1,000 (if a millage rate is applied) or 100 (if a rate per $100 is applied) multiplied by the tax rate per $1,000 or per $100 of assessed value. For example, if the real estate tax rate for your community is $1.25 per $100 of assessed value, the amount of annual real estate tax would be: 165,000 divided by 100 = 1,650 multiplied by $1.25 = $2,062.50.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the total amount of tax due on a property with an assessed value of 165000?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the total amount of tax due on a property with an assessed value of 315200?

$16,926.40


What is the total amount of tax due on a property with an assessed value of 315.200 when the property tax rate is 53.7 mills?

$16,926.24


Convert 165000 square feet into acreage?

Total acreage: 3.787


What do you call a persons total amount of money?

i think its "property"


What is the difference between total portioned assesment and total assesment of a property?

It is not uncommon that a property, especially large commercial ones or even an apartment complex that was converted to condo ownership...is consider one individual tax parcel, while having several units that actually make up the taxpayers. Frequently that arrangement is made through other means...leases, condo docs, etc. Hence, the property has a total assessed amount and your bill is apportioned to your ownership (by percent, footage, etc.) for your space.


What is the total amount of property that Mukesh Dhirubhai Ambani holds?

59000 caror


Budget planners for a certain community have determined that 9235400 will be required to provide all government services next year The total assessed property value in the community is 12250000?

$7.54


What is the lowest amount of individual property insurance coverage that I can have when I own a home?

The lowest amount of individual property insurance that you can have on your home is the amount outstanding on your mortgage. Your mortgage lender will require that insurance be in force for the amount you owe them or more. That way in case of a total loss, the lender recoups its losses.


What type of tax is levied on the benificiarys share of an estate?

Inheritance tax (or estate tax) is levied on the beneficiaries shares of an estate. It is assessed on the total value of a deceased person's money and property and is paid out of the decedent's assets.


What was the economic value of slavery in the south?

Its been said that when the slaves were freed the south lost one billion dollars in property, which was what the slaves were assessed at in total for property tax purposes. That was one billion 1860 dollars too, when that was serious money. The slaves had a market value higher than the land they farmed.


Taxes imposed on the total assessed value of the shares of stock in a business?

capital stock


Taxes imposed on the total assessed value of the shares of stock in a business.?

capital stock