An explanation of information, on your Tax Bill:

• Building Value:
  The value placed on the building by the Tax Assessor's Office.
   
• Land Value:
  Value placed on the land by the Tax Assessor's Office.
   
• Fair Market Value:
  What a knowledgable buyer would pay for property and a willing seller would accept for the property at an arms-length bonafide sale.
   
• Exemptions:
  This amount is deducted from the net assessment.
   
• Entity:
  Where the funds are disbursed once they are collected.
   
• Adjusted Fair Market Value:
  Your land and building value combined.
   
• Net Assessment:
  40% value of the adjusted fair market value.
   
• Taxable Value:
  The amount after the exemptions are deducted.
   
• Millage Rate:
  Established rate by entity used to calculate your taxes.
   
• Credit: 
  Homeowner's Tax Relief Grant and/or Sales Tax, given back to the County from the state.