Assessed Land Value Tax Estimator
Calculate property tax based on Cadastral or Assessed Value methods, accounting for assessment ratios and taxable base adjustments.
Taxable Base: $
Final Tax: $
About
Property taxes are rarely calculated on the full market price of a home. Instead, governments use an "Assessed Value" (or Cadastral Value), which is often a percentage of the market value. This tool calculates the final tax bill by first converting Market Value to Taxable Base using the Assessment Ratio.
assessed value
cadastral value
taxable base
assessment ratio
millage
Formulas
The formula chains the ratio and the rate:
Vtaxable = Vmarket × Rassess
Tax = Vtaxable × rmill
Reference Data
| Jurisdiction | Assessment Ratio | Notes |
|---|---|---|
| Connecticut, USA | 70% | Uniform statewide assessment ratio. |
| Georgia, USA | 40% | Assessed at 40% of fair market value. |
| New York City (Class 1) | 6% | Extremely low ratio, high nominal rate. |
| Arkansas, USA | 20% | Statutory requirement. |
| Market Value Jurisdictions | 100% | CA, MA, FL (typically follow market closely). |
Frequently Asked Questions
The percentage of a property's value that is subject to taxation. If a house is worth $100k and the ratio is 40%, taxes are calculated on $40k.