Property Tax Revenue Calculator

Gross Tax Levy is the amount billed to property owners, calculated purely from Total Assessed Value and the Mill Rate before any consideration of what actually gets paid. The Collection Rate is applied only in the second step, to estimate Net Tax Revenue -- the amount the jurisdiction realistically expects to receive after accounting for delinquencies and appeals. Raising or lowering the Collection Rate changes how much of the levy converts to real revenue, but it never changes the levy itself.

A mill is one-tenth of one cent, defined as $1 of property tax per $1,000 of assessed value -- so a mill rate of 25 means a property owner pays $25 in tax for every $1,000 their property is assessed at. Dividing by 1,000 in the formula converts the assessed value into the correct unit for that rate before multiplying, which is why the calculator multiplies assessed value by the mill rate and then divides by 1,000 rather than treating the mill rate as a plain percentage.

No -- Per Capita revenue always divides Net Tax Revenue by a fixed illustrative population of 50,000, regardless of the values you enter elsewhere. It exists only to give a rough per-resident sense of scale for a mid-size municipality, and is not adjustable to your jurisdiction's actual population, so it should be treated as a loose reference point rather than an accurate per-resident figure for your specific town or county.

Most well-administered municipal tax offices collect between 94% and 98% of the levy within the fiscal year it's billed, with the remainder typically recovered in later years through penalties, liens, or payment plans, or occasionally written off. Jurisdictions with significant economic distress, high foreclosure rates, or weak enforcement can see collection rates fall well below that range, so use local historical collection data when it's available rather than assuming the typical range applies everywhere.