Division of TaxationThe general coefficient is the average deviation of individual assessment-sales ratios from the overall average assessment-sales ratio of all sales occurring in a taxing district without regard to any property characteristics.
The stratified coefficient of deviation is the average deviation of individual assessment-sales ratios for all useable sales occurring within a particular property class from the average assessment-sales ratio for that class.
The segmented coefficient of deviation is the average deviation of individual assessment-sales ratios within a particular class of property from the average assessment-sales ratio for all sales of properties occurring within a taxing district.
Chapter 123 Definitions and Equations
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The General Tax Rate is a multiplier for use in determining the amount of tax levied upon each property. It is expressed as $1 per $100 of taxable assessed value. This rate is used to compute the tax bill.
Example General Tax Rate: Assessed Value 150,000 x General Tax Rate .03758 = Tax Bill 5,637
The Effective Tax Rate is a statistical study that enables the comparison of one district to another district (based on the assumption that all districts are at 100% valuation). This rate is NOT to be used to compute the tax bill.
General and Effective Tax Rates by County and Municipality
General Tax Rates by Year
Ó£»¨ÊÓƵ Tax Court on January 31, 2022 for use in Tax Year 2022 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2021 for use in Tax Year 2021 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2020 for use in Tax Year 2020 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2019 for use in Tax Year 2019 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2018 for use in Tax Year 2018 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2017 for use in Tax Year 2017 |
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Ó£»¨ÊÓƵ Tax Court on January 31, 2016 for use in Tax Year 2016 |
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