How do I calculate an approximate amount of annual property tax dollars for a property?

You would multiply the current year's taxable value (TV) by the total millage rate depending on Principal Residency status, then divide by 1,000 (i.e.: TV X Millage rate / 1,000 = estimated taxes). This will give you an approximate annual amount of property tax. This formula does not include any administrative fees or special assessments that may apply to your property. Millage rates can change from year to year, as does a property's TV; therefore it can be difficult to determine an exact amount until the millage rates are finalized shortly before the taxes are billed. You should contact your local assessor to obtain millage rate information for your city or township.

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1. How do I contact the assessor about a property?
2. I just received a Notice of Assessment that has "This is not a bill" on it. What is it and what does this mean?
3. I did not file my Principal Residence Exemption Affidavit. How can I get my taxes adjusted?
4. I recently purchased a home in Livingston County. Why isn't my assessed value half of what I paid for the property?
5. Why can't current real estate listings be used when determining the value of my home for assessment purposes?
6. Are financial institution sales used in the sales study?
7. How do I calculate an approximate amount of annual property tax dollars for a property?
8. How often is my property evaluated?
9. If I add a deck to my house is it taxable?
10. How can I appeal my assessed and/or taxable value?
11. What is the Board of Review and what does it do?
12. How can I obtain Property Tax Forms?
13. How do I qualify for a Homeowners Principal Residence Exemption (FKA Homestead Property Exemption)?
14. How can I get a copy of a subdivision plat or master agreement?
15. Do you have a survey of my property?