How to Calculate Property Tax Rate?
Property Tax Rate calculator uses Property Tax Rate = Assessed Value*Mill Rate to calculate the Property Tax Rate, The Property Tax Rate is the percentage at which a property's assessed value is taxed annually by the local government. Property Tax Rate is denoted by PTR symbol.
How to calculate Property Tax Rate using this online calculator? To use this online calculator for Property Tax Rate, enter Assessed Value (AV) & Mill Rate (MR) and hit the calculate button. Here is how the Property Tax Rate calculation can be explained with given input values -> 35.6 = 35600*0.001.