Step-by-Step Property Tax Estimation

For Business Properties

Step 1

Determine the market value of your home, as provided by the Montgomery County Auditor’s Office. This is called the appraised value.

Find your property’s appraised value by going to www.mcrealestate.org and clicking on the Property Search tab, or by calling 937-225-4326.

Step 2

Multiply the appraised value by 35% to get the taxable value, known as the assessed value.

Example: $200,000 appraised value X .35 = $70,000 assessed value

Step 3

Divide the assessed value by 1,000 to get the cost per mill (mill is defined as 1/1,000).

Example: $70,000 ÷ 1,000 = $70 per mill cost.

Step 4

Multiply the per mill cost times the effective millage rate, which is 15.765398 for nonresidential property in unincorporated Washington Township and 7.315398 for the incorporated area (city).

Unincorporated Example: $70 X 15.765398 = $1,103.58

Incorporated Example: $70 X 7.315398 = $512.08

 

 

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