the calculation of property tax is based on

Answer 1

several factors, including the assessed value of the property, the mill rate set by the local government, and any exemptions or deductions that may apply. The assessed value of the property is determined by the local assessor's office based on factors such as the size, location, and condition of the property. The mill rate is a percentage used to calculate the amount of tax owed based on the assessed value of the property. Exemptions and deductions may be available for certain property owners, such as veterans or seniors, which can reduce the overall tax liability.