How is my assessment level established?
Once the estimate of market value has been determined, the Assessor calculates a percentage of that value to arrive at assessed value. The percentage is based on the classification, determined by the type of property or how it is used. The percentages are:
Commercial and All Other
Cars, Boats, and Other
Farm Equipment and Livestock
As an example, a residence with a market value of $50,000, would be assessed at 19%, which would place its assessed value at $9,500. An automobile with a market value of $10,000 would be assessed at 33.333% and an assessed value of $3,333.