Estimated Tax Impact (2020-2034)

 

House

Value

 

Estimated Monthly Ad Valorem Tax (in dollars) *

2020

2021 2022+ 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
$60,000 1.17 1.05 4.54 3.71 3.53 3.36 3.19 2.30 2.20 2.10 2.00 1.91 1.82 1.73 1.65
$100,000 2.07 1.87 8.05 6.59 6.27 5.96 5.56 4.09 3.90 3.72 3.55 3.39 3.23 3.08 2.93
$150,000 3.20 2.89 12.44 10.18 9.69 9.21 8.75 6.32 6.03 5.75 5.49 5.23 4.99 4.7 4.53
$200,000 4.33 3.91 16.83 13.77 13.11 12.47 11.84 8.55 8.16 7.79 7.43 7.08 6.75 6.43

6.13

 

*Assumes 12.0% assessment rate in Cleveland County and homestead exemption deduction
+ Beginning of 2021 Bond Issue levies