A percentage applied to each taxing body's assessed valuation which will produce the amount of that taxing body's equals the tax rate The tax rate is expressed in terms of "dollars per $100 of assessed value"
A percentage applied to the assessed value of a property to generate tax payable Municipalities will set the tax rate for each property class based on the revenue they will need to provide local services
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 rate of tax on assessed value of real property per $100 or $1000 00 This rate fluctuates in the State of South Carolina and is dependent upon whether the borrower is using the property as a primary home or a second home/investor Additional consideration for tax reduction is given citizens over the age of 65
The unemployment tax rate assigned to an employer by the state agency The rate multiplied by taxable wages is the amount of quarterly contributions owed by an employer
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
The amount of tax due stated in terms of a percentage of the tax base Example: 2 76% of equalized assessed valuation is a representation of a tax rate of $2 76 per one hundred dollars of equalized assessed valuation of property
A multiplier used to compute the amount of tax a property owner pays The rate for a taxing district is derived by dividing the tax levy by net assessed value It is generally expressed in dollars per hundred
The ratio of dollars of tax found by dividing the budget (the amount of money the local government will spend in one year) by the total assessed value of real estate in the taxing district The tax rate is shown as dollars per hundred ($7 00 per hundred shown as 07) and may also be known as the mill rate (millage means per thousand A millage rate quoted as 70 mills would be equivalent to a tax rate of $70 00 per thousand in valuation)
The percentage of taxable earnings, up to the maximum tax base, that is paid for the HI tax Currently, the percentages are 1 45 for employees and employers, each The self-employed pay 2 9 percent
The tax levy (as determined by the taxing bodies) 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 that each property must pay