Property Tax Calculation
Your property taxes are determined by multiplying the actual value times the assessment rate times the mill levy. The assessment rate on residential properties is 11.5%. The assessment rate for commercial and industrial purpose is 25%. The assessment rate is fixed by law and is the same statewide.
- Let's assume the market value of your home has been determined to be $60,000 and the statewide residential assessment rate is 11.5%. This would mean the assessed value of your home would be $6,900 ($60,000 X .115 = $6,900).
- Let's also assume the total mill levy determined by the local taxing authorities, your particular taxing district has been set to 125.000 mills.
- Multiply the assessed value of your property ($6,900) by the mill levy (125 mills or .125). The taxes on your home would be $862.50, which is your share of the total responsibility to support the programs for which the taxes are budgeted.
- Actual Market Value ($60,000) X .115 (State Residential Assessment Fee) = $6,900 (Assessment value)
- Assessed Value ($6,900) X .125 (Mill Levy) = $862.50 (Tax Amount)
View Harper County's Tax Unit map.
|Property Type||Assessment Rate||Class: Rural or Urban|
|Residential – Includes homes, apartments, and condominiums||11.5 %||R|
|Commercial – Real property used for commercial or industrial purposes||25%||C|
|Residences on farm homesteads||11.5%||F|
|Agriculture Land – Land used to develop agricultural use||30%||A|
|Agriculture Improvements – Improvements on land devoted to agricultural use||25%||A|
|Vacant Lots – Vacant land with no improvements||12%||V|
|Non-Profit – Real property owned and operated by not-for-profit organizations||12%||N|
|Tax exempt property||0%||E|
|All Others – Rural and urban real property not elsewhere classified||30%||O|