| Market Value X Equalization Ratio = Assessed Value | ||||||||||
| How to calculate property tax | ||||||||||
| For Example: a house in Fort Lee, NJ with market value of $800,000, tax rate of 2.353%, and equalization ratio of 91.09 | ||||||||||
| $800,000 (Market Value) X 91.09 (Equalization Ratio) = $728,720 (Assessed Value) X 2.353% (Tax Rate) = $17,146 (Tax Amount) | ||||||||||
| 시세 (매매가) X 공시가 계산율 = 공시가 |
