Calculating Your Richmond Hill Property Tax Due
City millage rate based on the house value of $250,000 for select years. Examples are shown below with and without seniors discount. The current millage rate is 4.132.
Without Senior Discount Applied
| Item | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|
| Market Value | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 |
40% of Assessed Value
Tax Assessed Value | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Millage Rate | 4.152 | 4.132 | 4.132 | 4.132 | 4.132 |
| Property Tax Due | $415.20 | $413.20 | $413.20 | $413.20 | $413.20 |
With Senior Discount Applied
| Item | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|
| Market Value | $250,000 | $250,000 | $250,000 | $250,000 | $250,000 |
40% of Assessed Value
Tax Assessed Value | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Senior Discount | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
| Taxable Value | $94,000 | $94,000 | $94,000 | $94,000 | $94,000 |
| Millage Rate | 4.152 | 4.132 | 4.132 | 4.132 | 4.132 |
| Property Tax Due | $390.29 | $388.41 | $388.41
| $388.41
| $388.41 |