The figures presented here are all from official sources. However, other factors, about which we have no data, may affect the property tax calculation.
The property is taxed based on its assessed value and, by law, it must be assessed at least once in every four years. Assessed values most closely reflect actual market values following a revaluation.
The fair market value of property is an estimate of its market value as of January 1st in the assessment year. It is the property's assessed value divided by an assessment ratio, which, currently is set to .7539%. However, estimated fair market value is a less reliable estimate than that prepared by the assessor; fair market value is not used in the calculation of property tax.
Base tax is calculated by multiplying the assessed value with the corresponding millage rates and is an estimate of what an owner not benefiting from tax exemptions would pay. The rates are expressed as millages (i.e the actual rates multiplied by 1000).
Net tax represents the amount the present owner pays including exemptions and credits.
Some townships in Pierce County can apply other forms of taxation for the purpose of collecting public revenue. These forms of taxation represent amounts of money added to the net tax, established by the local authorities and applied to each household unit.
Current tax represents the amount the present owner pays including extra charges and special assessments.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs or to non ad-valorem taxes.
For more information please visit the Pierce County's Treasurer or look up this property's current valuation and tax situation.