How can I calculate my property tax rate?

In California, the property tax rate is calculated by taking the assessed value of your property and multiplying it by the applicable tax rate. This calculation is done annually to determine the amount of property tax you must pay. First, you must determine the assessed value of your property. This is the value of your property determined by the local government, usually as of the first of January of the current year. This value is typically based on the market value of the property at its highest and best use. Next, you must determine the applicable tax rate. This rate is determined by your county or city government, and may change from year to year. A list of applicable tax rates for any particular county or city can usually be found on the website of the respective county or city government. Once you have these two figures, you can easily calculate your property tax rate. All you need to do is take the assessed value of your property and multiply it by the applicable tax rate. This will give you the amount of property tax you must pay for the current year.

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