How is a property rate assessed at full value?

Answer by  mammakat (11147)

Gosh. There is a formula on which this is predicated, that takes into account your area, the tax rates, comparable values, the market value rate, etc, and of COURSE, this varies. I can't break it down in the 50 words here. Consult your town clerk or registry clerk to find out how it is calculated in your county.

Answer by  SandyG (807)

If you mean property taxes assessed, the county is using the market value of the house to determine your tax rate and amount.