Happy New Year Monroe! January is typically the month when tax bills arrive. I got mine just last week. So, I thought I would take advantage of this month’s article to explain a little bit about how to read your tax bill.
The first thing to look at is the appraised value. You should see an appraised land value and a building value for a total appraised value. This is not the amount that you are taxed on. Taxes are charged on the assessed value which is equal to 35% of the appraised value. So if you house is appraised for $100,000 then you pay taxes on $35,000. Read more »
