Assessed Values
The County Clerk’s office works with assessed values after receiving the appraised values from the County Appraiser’s office. Assessed values are a percentage of the appraised value based on the property classification. The calculation rates are as follows:
Residential 11.5%
Commercial 25%
Agricultural Land 30%
Agricultural Improvements 25%
Vacant lots 12%
Non-Profit Organization 12%
For example:
If your home is appraised at $150,000 by the County Appraiser, the assessed value would be $17,250 (150,000(value) x 11.5%(assessed rate) = 17,250
To figure taxes:
Multiply the assessed value by the mill levy for the location of the property. (17,250(assessed value) x mill levy = *******. Multiply that number by .001 to get the estimated taxes.