Real Property

What is Real Property?


Real Property is typically land and all permanent structures affixed to it. This includes any mechanical or other features within the structure with a designed use for the safety and comfort of the occupants and all permanent land improvements.

How do I calculate Real Estate property taxes?
  1. Multiply the appraised value by the assessment rate of the property to get the assessed value
    1. Example: RR/RU Appraised value of $159,000
    2. $159,000 x .115 = $18,285 (Assessed Value)
  2. Multiply the assessed value by the “mill levy”
    1. Example: $18,285 x .146919 = $2,686.41 (Tax Value)
  3. The first $20,000 in appraised value of a residential property is exempt from the 20 mil statewide portion of the mill levy. This includes RR/RU FR/FU and personal property manufactured/mobile homes.
    1. Example: $20,000 x .115 = 2,300 x 20 mills / 1,000 = $46.00 (reduction amount)
    2. If the appraised value is less than $20,000, use the appraised value and follow the same procedures as shown above.

Assessment Rate Calculator

Class Definition Assessment Rate
RR/RU Real Property used for residential purposes including apartments, condominiums and mobile homes
11.5%
FR/FU Residents on farm homesites; agricultural land is included along with the homestead
11.5%
AR/AU Land devoted to agricultural use
30%
AR/AU Improvements on land devoted to agricultural use; does not include a homesite
25%
VR/VU Vacant lots
12%
NR/NU Real property owned and operated by not-for-profit organizations
12%
CR/CU Real property used for commercial and industrial purposes
25%
OR/OU
Other rural and urban real property not meeting requirements to be classified as residential, commercial, agricultural or exempt
30%
UL/UU Locally assessed public utility (specific use)
33%
E Exempt 0%
For more information about Real Property, please contact the Appraiser's Office.

For information regarding the Appeals Process, please see the Appeals Process.