December 2, 2015 1:00 p.m. The Most Popular U.S. TV Shows in 18 Countries Around the World. <em>Drop Dead Diva</em> is big in Romania. The Ratings Game is a weeklong series exploring what the new world of TV ratings means for your favorite shows.
The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%. After getting the assessed value, it is multiplied by the mill levy to determine your taxes due. For example, suppose the assessor determines your property value is $500,000 and the assessment rate is 8%. The assessed value would be $40,000. Now taking the mill levy of 4.5% we calculated previously, the tax due would be $1,800 ($40,000 x 4.5%).
The net assessed value, or the amount to which the actual tax rate is applied, is the product of the full cash value multiplied by an assessment ratio that varies by property class. Arizonaâs property tax system classifies property according to its usage. Each class of property is assigned an assessment ratio, ranging from 1 percent to 25 percent. The assessment ratios are applied to both primary and secondary values of a property and determine the propertyâs net assessed value.