Wednesday, January 30, 2013

Just a Reminder of 2012 Property Taxes in Downtown Edison!

It's that time of year again and everyone in Downtown Edison & the County are working on their budgets for Calendar Year 2013 and the next stab at your property taxes.

Remember, your property tax bill includes Municipal taxes, County taxes and the School tax. The property tax rate is per hundred of assessed value on your tax bill. So, if you live in that mythical average home assessed at $176,700 - then your 2012 total property taxes were $8,356.14 ($176,700/100 x $4.729). If you didn't, then take your home's assessed value and divide it by 100 and multiply that times $4.729.

If you want to see the breakdown of that $4.729 by Taxing Entity for 2012 - use tax rates in the table below or go here:

Anyhoo, keep your eyes and ears open for the 2013 Budgets soon to be coming to a neighborhood near you!

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