Question

Municipal tax (@15% on municipal value)
how I calculate the municipal value??
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Answer 1

Answer:

Kind of broad but hope this helps.

Local government assess taxes on only a % of the value of the property. To calculate the assessed value, you have to take the property's fair market value and then multiply it by the given/chosen %.

Explanation:

Also, if you know the tax you owe and tax rate, you can plug in that info and calculate it basically backwards.

Example:

tax rate is $10 per $1,000 of property value and the tax owed is $3,000, then \ divide $3,000 by ($10 / $1,000) to calculate assessed value of $300,000.