In real estate taxation, the tax rate is the amount of tax levied in relation to the assessed value of property. Traditionally, it has been expressed as a specified number of dollars per one hundred or one thousand dollars of valuation. In modern usage, it is often stated as a percentage of the assessed value.
The term is also associated with the published tax roll, typically issued by the county, which lists all parcels within the jurisdiction along with the names of the owners, assessed values, and corresponding tax amounts. This record provides transparency and establishes the basis for calculating and collecting property taxes.
