How are property taxes determined?

Property tax is calculated by multiplying the assessor’s appraised (actual) value of the property by the assessment rate to get the assessed value. The assessed value is then multiplied by the mill levy.

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1. How are property taxes determined?
2. What is a mill levy?
3. What is an assessment rate?
4. When will I receive a Notice of Valuation?
5. How is the actual value determined?
6. What are the appraisal methods?
7. What is time adjustment?