What do I do when I get my real estate tax bill? (NOTE: The County, School District and Township each set their own millage rates for services, which will need to be calculated in the same manner separately to determine your total tax obligation.) 2. (NOTE: The County, School District and Township each set their own millage rates for services, which will need to be calculated in the same manner separately to determine your total tax obligation.) Based on the formula above, the annual real estate tax due to the Township at 2.66 mills equals $573.23. In this example, the Township's Property Tax rate for the year 2011 is 2.66 mills which includes the General Purpose Tax rate (2.23 mills) for government services and the Fire Protection Services tax rate (0.43 mills). Multiply this figure by the millage rate to determine your the real estate tax.
Divide this assessed value by 1000, which equates to $215.50. For example, assuming a residential home in the Township has a property with an assessed value of $215,500. To calculate your tax, divide the assessed value of land and buildings by 1000 and multiply this number by the millage rate. The total amount in real estate taxes you pay is based on the assessed value of the taxable real estate you own and the tax millage rate applied to the property by the County, Township and School District.
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