Assessment Rate Calculator & Subclass Description


SB21-293, concerning property tax classification and assessment rate changes establishes subclasses for residential and non residential property for the 2022, and 2023, property tax years.

MARKET VALUE x ASSESSMENT RATE= ASSESSED VALUE

ASSESSED VALUE x MILL LEVY= ESTIMATED TAXES DUE


Residential Multi-Family 6.80%
Single Family Residential 6.95%
Agricultural & Renewable Energy 26.40%
Non Residential Land 29%