Fair Market Value

• Real Property Value - from Assessor’s Office
• Motor Vehicle
  • Registration information from Department of Motor Vehicle
  • Vehicle value from Department of Revenue Vehicle Guide or
  • Other nationally recognized sources
• Boat/Motor
  • Registration information from Department of Natural Resources
  • Boat/Motor values from Vessel Valuation Service
  • Other nationally recognized sources
• Manufacturing/Utility values from the Department of Revenue

Assessment Ratio by Property Type
Primary Residence, Owner Occupied	4.0%
Second Residence	6.0%
Other Real Property	6.0%
Commercial Real Property	6.0%
Agricultural Real - Privately Owned	4.0%
Agricultural Real - Corporate Owned	6.0%
Aircraft - Corporate Owned	10.5%
Aircraft - Personal	6%
Business Personal Property	10.5%
Camper(see note below)**	10.5%
Manufacturing Real and Personal	10.5%
Motor Home(see note below)**	10.5%
Railroads, airlines, pipelines Real and Personal	9.5%
Utility Real and Personal	10.5%
Vehicle Personal	6.0%
Vehicle Personal (see note below)*	10.5%
Watercraft/Boat - Corporate owned	10.5%
Watercraft/Boat Personal (see note below)**	6%
*Vehicle Personal @ 10.5% if: Gross Vehicle Weight in excess of 11,000 pounds and Net Vehicle weight in excess of 9,000 pounds.
**May qualify as primary or second residence (4%). Must meet IRS rules as Qualified Home (Publication 936) for primary or secondary residence.

Assessed Value

• The Assessed Value (rounded to nearest tenth) is determined by multiplying the Fair Market Value by the above Assessment Ratio by property type.

Millage Rate

• Approved by County Council, Town Councils, School Boards and Special Purpose Districts.
• Submitted to the County Auditor by the chief elected official along with a copy of the ordinance approving the millage rate.
• Auditor’s Office applies these millage rates in preparing tax notices.