Updated over 3 years ago on . Most recent reply
Property Tax Calculations
Most counties seem to list their property tax rates as an amount per $100 valuation. But the calculator I am using to run numbers on properties needs property tax input as a percentage. So say Huntsville, AL property tax is $5.80 per $100 valuation… does that mean they have a 5.8% property tax? Because I was running the numbers on a $99k property and that method gave me $5742 in annual taxes but then I found a tax estimator on Madison Counties website and plugged in the $99k property and it chugged out $1148 in annual taxes….so…what am I messing up. I know this must be the simplest thing and I’m just a moron but this moron needs a point in the right direction please.