1. Property Tax Rates
Property Taxes

2. Property tax rates in hypothetical community
Local Government Unit
Tax Rate (%)
School district
1.20
City government
0.30
County government
0.20
Library district
0.05
Community college district
0.08
Other local government units
0.03
Total
1.86

3. Key relationships

4. Revenue goals

5. Example of Tax Rates Market value of property: $10 Billion
Statutory rate: 1%
Assessment ratio: 50%

6. Classified tax structures
Differences
Statutory rates
Assessment ratios
Types of property
Residential
Commercial
Industrial
Agricultural

7. Separate land and improvements