Wednesday, May 29, 2013

2013 Edison Property Tax Bills!

Well, it's almost time for the 2013 Calendar Year Property Tax Bills to be showing up in a neighborhood near you here in Downtown Edison. Just a reminder of Your 2012 Calendar Year Tax Bill. This was what was on the 2012 Final/2013 Preliminary Tax Bill:

Just enter your Assessed Value and any Deductions above, if applicable, and you'll see what your tax bill looked like for the Calendar Year 2012. Remember this is what was billed so it shows the 3rd & 4th Qtr. for 2012 (with the tax increase) and the 1st & 2nd Qtr. for 2013, which is just one-half of Your 2012 Total Net Tax.

If you want to know what Your property tax increase was in 2012 - just subtract the 'Balance of the 2012 Tax' from the line that reads 'Less: 2012 Prev. Billed' since all changes in tax rate are reflected in the 3rd & 4th Qtr's. of the Calendar Year. This is because the 'Less: Prev. Billed' is just one-half of Your Last Year's Total Net Tax.

Anyhoo, that's how it works. If you want to see a video on how Your Tax Bill works, go here.

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