§ 25898 Board Tax Rate Assessment

• •The board decides how much tax to charge by a certain date in September.
• •They set the tax rate based on the value of property in the area.
• •The tax rate is given in cents for every $100 of property value.
• •The board makes sure the tax rate will collect enough money for what they need.

Your town needs $1,000,000 to fix all the roads. The board looks at how much all the houses and buildings in town are worth, which is $100,000,000. They then decide how much tax to charge so they can get the $1,000,000 they need.

The board will set a tax rate high enough so that when they collect taxes from everyone based on their property value, they get the $1,000,000 needed for the roads.