How Is The Amount Of Real Estate Tax Determined?
The Assessor's primary responsibility is to estimate the fair market value of your property, so that you pay only your fair share of taxes. The amount you pay in real estate tax is determined by a tax rate applied to the assessed value of your property. The tax rate is set by City Council and determined by the amount of revenue needed to provide the many City services offered to our citizens.
Real Estate Taxes = Assessment x Tax Rate
When Are Taxes Due And To Whom Do I Pay Them?
The fiscal year (July 1st to June 30th) real estate tax is billed in two parts by the Office of the City Treasurer.
The first half payment is due December 5th and the second half payment is due June 5th. With many homeowners, real estate taxes are paid by their mortgage company from funds in the owner's escrow account. For those property owners that do not have a mortgage company, the tax payment is sent to the Treasurer directly by them.