To calculate your commercial municipal taxes for 2021, use the following formula and rates, and consult our Tip Sheet for Understanding your Tax Notice.
Step 1: Determine your total land assessment
Taxable Land Assessment + Taxable Improvement Assessment = Total Assessment
Step 2: Use the formula
- Assessment x Mill rate x Mill rate factor / 1,000 = taxes
- Taxes + Base tax + Infrastructure levy = Total commercial municipal taxes
Mill Rate – 9.0 mills
Commercial Mill Rate Factor – 2.50
Agriculture Mill Rate Factor – 0.55
Commercial Base Tax – $1,100.00
Infrastructure Levy (on all properties) – $200.00
Example
Taxable Land Assessment = 10,000.00
Taxable Improvement Assessment = 165,000.00
Total Assessment = 175,000.00
Assessment x Mill rate x Mill rate factor / 1,000 = taxes
175,000 x 9.0 x 2.50/ 1,000 = 3,937.50
$3,937.50– Taxes
+$1,100.00 – Base Tax
+$ 200.00 – Infrastructure Levy
=$5,237.50– Total Commercial Municipal Taxes