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%).
Property tax rates in Indiana are capped a maximum of 1% of value for residential, 2% of value for rental and farmland, and 3% of value for all other types (the actual rates may be higher, but the maximum paid after deductions is capped through a circuit breaker tax credit). The property taxes are assessed ad valorem.