To understand how much the district’s 16.78-mill combined operating and permanent improvement/bond levy might cost your household, you will need to know your home’s appraised (or fair market) value as determined by your county auditor. Go to your local county auditor’s website and do a real estate property search:
For Hamilton County
To find the appraised value, referred to as “Market Value,” go to “Tax Distributions” in the right column.
The levy will cost taxpayers $587.30 annually (or $49/month) per $100,000 of appraised value as determined by your county auditor.
What is the difference between appraised and assessed value?
For tax purposes, a home is taxed on its assessed value, not its appraised or market value. The assessed value is 35% of the appraised or market value. A home that is appraised at $100,000 is taxed on only $35,000.
($35,000 x .01678*= $587.30/annually, or $49/monthly)
*.01678 equals the millage rate of 16.78.