Private, for-profit employer tax rates are based on the contribution rate schedule and reserve ratio. All rate notices are mailed to each experience-rated employer by January of each year. If you use WOW to file your UI Returns, WOW automatically "looks up" your tax rate for you.
A factor derived by combining revenue requirements of various taxing agencies and districts within specific areas and expressing the combined figure in relation to the total assessed valuation of each area. Traditionally, the ratio of dollars of tax per hundred dollars of valuation.
A measure of tax liability expressed as a dollar amount for each one hundred dollars of property net assessed value (Arizona does not use ‘mills,' which are per one thousand dollars.) Arizona has both primary and secondary tax rates, applied using primary and secondary net assessed values, respectively. The two rates cannot be added together unless the primary and secondary values are the same.
The combination of taxes levied by all taxing districts that cover a particular property The tax rate is expressed in dollars per thousand of assessed value. Personal property and real property are taxed at the same rate.
The amount, usually expressed in dollars per hundred of assessed value, applied to the tax base to determine tax liability. In New York City, the City Council and Mayor set an annual tax rate for each tax class.
The County levies an ad valorem property tax at a rate equal to 1% of the taxable value. In addition, the rate will include an amount equal to the amount needed to make payments for the interest and principal on general obligation bonds or other indebtedness approved by the voters.
The ratio of dollars of tax per hundred dollars of assessed valuation expressed as a percentage of valuation.
The tax levy (as determined by the taxing entity) divided by the tax base.
The ratio of dollars of tax per $100 of valuation.
The percentage of assessed value at which each property is taxed in a given district.
The tax rate for a given fiscal year equals the current tax levy divided by the total assessed valuation as of the previous January 1. The rate is expressed as the amount of property tax revenue that is due for every $1000 of assessed value. Harvard's residential tax rate in fiscal 2003 was $11.45 per $1000; therefore a resident with a home assessed at $300,000 owed $11.45 times 300, or $3,435.
This is the percentage of tax levied on something being taxed such as income or property. Proportional rates are those that are the same regardless of the size of the base being taxed. Progressive rates are those that are larger as the taxable base becomes greater. Regressive rates are those that grow smaller as the base increases.
The tax levy divided by the tax base. It is often expressed in terms of dollars per thousand. The tax rate is multiplied by the assessed value to determine the amount of tax each property must pay. Total Tax Levy $40,000,000 Tax Rate = ---------------- Example: $1.22 = ---------------- Tax Base $3,278,688,500
The rate of tax applied to the assessed value of a property calculated by dividing the budget of the municipality by the tax base.
The amount of tax stated in terms of a unit of the tax base; for example, 5 mills equals 5 dollars per thousand of taxable value.
This is a dollar amount expressed per 1,000 and representing the entire levy to be raised in any community divided by the total taxable assessment roll.
The amount of tax paid for each increment (usually $100) of assessed value of property.
Traditionally the ratio of dollars of tax per hundred or per thousand dollars of valuation.
The number of dollars pre $1000.00 worth of actual value which is payable in property taxes
A percentage applied to each taxing body's assessed valuation which will produce the amount of that taxing body's levy, or, in other words, the levy divided by assessed value equals the tax rate. The tax rate is expressed in terms of "dollars per $100 of assessed value".
The level of taxation stated in dollars. For example, the 2004 real estate tax rate of $0.978 per $100 of assessed valuation on a $369,600 house would result in a real estate tax bill of $3,615 per year ($369,600 X .00978 = $3,615).
The ratio of a tax assessment to the amount being taxed.
Rate in dollars which when applied to each $100 of assessed value will give the tax amount. Rates vary from one district to another depending on the tax base and the needs of the people in that district.
The amount of tax levied for each $100 of assessed valuation.
The ratio between the tax and the tax base; applied to the assessed value to determine the amount of tax; obtained by dividing the amount of the tax levy by the total assessed value of all properties in the tax district; usually expressed in dollars per $100 or $1,000 (mills) of assessed value.
The tax rate for each taxing body is computed separately. To arrive at a tax rate, the total monies needed for the coming fiscal year are divided by the total assessments of all real estate located within the taxing body's jurisdiction.