Tax rate
The multiplier applied to your taxable value, set by the bodies that tax you.
Expressed as a percentage, a rate per $100, or in mills depending on the state. Your total rate is the sum of every district that taxes the parcel — school, city, county, and often several more.
You cannot appeal the rate. You can appeal the value it is applied to, which is the only lever an individual homeowner has.
Because rates are composite, two houses a street apart can carry different total rates if they sit in different districts.
Related
- Levy — The total amount a taxing body decides to collect.
- Mill rate — A tax rate expressed in dollars per thousand of value.
- Assessed value — The figure your county uses to calculate your tax — not what your house is worth.
Property tax is state law and the details differ. For what applies where you live, see coverage by state and your appeal deadline.