In order to calculate the assessed value, multiply the market value by the appropriate assessment rate for the type of property. Assessed ValueĪssessed value is a percentage of the market value as determined by the assessor's office. Market Value is the amount the Assessor has determined your property is worth on the market. The Collections Department cannot lower your assessed value, levy rate or tax bill amount. Real Estate Property Tax = (Taxable Value/100) x (Levy Rate). Your real estate property tax is calculated by dividing the taxable value of the property by 100, and then multiplying that value by the levy rate for your area. The taxable value of your property is listed on your tax bill. The value of the property is determined by the county assessor. The higher the taxable value, the higher the amount due will be. The amount of tax you owe is based on the taxable value of the real property and the levy rates provided by the political subdivisions (example, school districts, city, fire district, etc.) where the property is located. Request a Refund for Missouri Motor Fuel Tax Increase.Kansas City Area Transportation Authority.Jackson County Animal Welfare Committee.Ethics, Human Relations & Citizen Complaints Commission.
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