please help me find the topic regarding...(AVE1024 specifically)

figuring out taxes based on assessed values..

i am looking at a house on mynassauproperty and want to calculate true taxes b/c i think that a listing is listed wrong.

any help??

1257 is this year & next(2009-2010)
1013 is next two years (2010-2011)

i believe that Ave1024 had the calculations for this...

Message edited 9/10/2009 11:04:27 AM.

Re: please help me find the topic regarding...(AVE1024 specifically)

It all depends on what the tax rate is, which for next year hasn't been determined yet.

Many people believe that since their assessed value is going down, their taxes will go down. I am not holding my breath because the town may just raise the tax rate to compensate and keep the taxes level.

Anyways the way to calculate your exact taxes is to take your assessed value, multiply that by the "tax rate per 100 of assessed value" then divide by 100.

So if your assessed value is say 1172 and your General tax rate per 100 is 269.26, your taxes would be 3155.73.

The tax rate per 100 of assessed value for school taxes is usually much higher than the general taxes.

But again since they haven't released the tax rates for 2010-2011 yet, you won't really know what your taxes will be. I think they release these in January if I remember correctly.