How Are Property Taxes Calculated?
To calculate the tax on your home, let's assume you have a home with a taxable value of $100,000, located in the City
of Mesquite. The tax rate for 2004-05 in Mesquite is $2.7864 per hundred of assessed value. To determine the assessed
value, multiply the taxable value of the home ($100,000) by the assessment ratio (35%):
$100,000 X .35 = $35,000 assessed value
To calculate the tax, multiply the assessed value by the tax rate ($2.7864 per hundred dollars of assessed value).
For Mesquite
City:
$35,000 (assessed value) x .027864 (tax rate) = $975.24 taxes for the 2004-05 fiscal year.
|
DISTRICT 901 MESQUITE
CITY |
|
|
State, County and School |
2.1386 |
|
|
Mesquite City |
0.5520 |
|
|
Las Vegas/Clark County Library District |
0.0743 |
|
|
Las Vegas/CC Library District Debt |
0.0215 |
|
|
Virgin Valley Water District |
0.0000 |
|
|
TOTAL: |
2.7864 |
|