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Town Departments > Column 1 > Budget Information
2015-2016 Budget Information
The information below reflects the budget for fiscal year 2016-17.
| Mil Rate: 36.00 |
|---|
To calculate the taxes on your home, do the following:
- Obtain the appraised value of your home
- Multiply the appraised value of your home by 0.70 (or 70%) to determine its assessed value
- Multiply your home's assessed value by 0.036 (the proposed mil rate) to determine the amount of taxes you will pay
Example: A house appraised at $150,000 would pay $3,780.00
$150,000 (appraised value) x 0.70 (or 70%) = $105,000 (assessed value)
$105,000 (assessed value) x 0.036 (proposed mil rate) = $3,780.00 (tax owed)