Assessment Level Percentages

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: 

Real Estate

Assessment Type
Percentage
Residential 19%
Agricultural 12%
Commercial and All Other
32%

Personal

Assessment Type
Percentage
Cars, Boats, and Other
33.333%
Farm Equipment and Livestock
12%
Historic Autos
5%
Grain 0.5%
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.