Local Property Tax Comparisons: the Swan Creek Discussion

Marisue Horton notes that Madison, Oregon and Fitchburg have different property tax mill rates. The mill rate applied to a property's assessed value determines the amount of tax due.

Mill rates are one element to the story. However and unfortunately, these comparisons are difficult because each community reassesses property on a different timeframe. Madison reassesses annually while surrounding communities are often on a different schedule (every 3 or 5 years in some cases). There may be differences as well with respect to the assessed vs. market value ratio (a subject that creates no shortage of discussion).

Posted by Jim Zellmer at March 3, 2006 2:05 PM
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