Property taxes in the state of Texas are local taxes calculated using a percentage of the appraised value of the property, according to Glenn Hegar, Texas State Comptroller. There are no state property taxes in Texas, as... More »

Typical real estate property taxes are deductible, as of 2014. Amounts paid for local and state property taxes can be included on itemized federal tax returns. The deduction is for the actual payment to the taxing author... More »

Home property taxes are calculated based on an assessment of the related real estate, notes About Money. An assessor determines the value of the specific property, and the applicable rate is then multiplied against this ... More » Business & Finance Taxes

Local authorities calculate property taxes by using the mill levy and the assessed value of the property, according to Investopedia. A mill levy is a tax rate assigned to property value. One mill is equivalent to 0.1 per... More » Business & Finance Taxes

Property taxes are calculated using the assessed value of the properties in the area and the mill levy. The mill levy is a method of deriving the percentage of property taxes needed by a county. This percentage amount is... More » Business & Finance Taxes

The tax assessor for Cook County, Illinois calculates property taxes based on the estimated value of the property. The assessor determines the estimated value based on sales of similar properties in the neighborhood. As ... More » Business & Finance Taxes

You can calculate property taxes in Shelby County, Tennessee, by dividing the assessed value of the property by 100, then multiplying the result by the current Shelby County property tax rate, according to the Shelby Cou... More » Business & Finance Taxes