Property taxes are a primary source of revenue for many local towns. They’re also a significant expense for homeowners, year in and year out. Even after you’ve paid off your mortgage, property taxes remain. That’s why it’s so important to understand your property tax bill.
The property tax rate, also called a mill rate, is a percentage — expressed in decimal form — by which the assessed value of your property is multiplied to determine your tax bill.
Remember, property taxes are one of the most crucial bills to pay. You’ll have to pay interest and penalties if you’re late. If you don’t pay, you could lose your home.
How do I find the assessed value of my home?
Log on to your cities Vision Government Solutions website if they are using their services.
Navigate to property information, and then type in the property’s address. The summary screen that next appears will list the property’s assessed value.
Click here to see your assessed value.
Do you have a rental or property for sale? Have questions about all thing real estate? Get featured on Real Estate Roundup. Contact Mike Uchalid at Mike.Uchalid@bristolroundup.com
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