Ask the editor: How are property values calculated?

Homeowners in Williamson County have likely received their property tax bills recently.

Depending on where you live in the county and on what type of property you own, property tax rates and how they are calculated can vary. For example, residential and farm properties are generally taxed differently than business properties.

How much you pay in taxes depends on the assessed value of your home. For a residential property, homeowners can multiply their property’s appraised value by the tax ratio of 25% to calculate the property’s assessed value.

Using that value, property owners can calculate what they will owe based on what taxing areas they live in and multiplying their rates by each $100 of their property’s assessed value.

Have a question about how something works? Email me at wsturges@communityimpact.com.
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By Wendy Sturges

A Houston native and graduate of St. Edward's University in Austin, Wendy Sturges has worked as a community journalist covering local government, health care, business and development since 2011. She has worked with Community Impact since 2015 as a reporter and editor and moved to Tennessee in 2019.


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