How changes in assessment class affect your tax bill

 Residential                                       Commercial

$300,000.00           Valuation            $300,000.00
        x 10 %   Level of Assessment            x 25%
  30,000.00     Assessed Valuation      75,000.00
    x 2.9627  State Equalization Factor   x 2.9786
  88,881.00    Equalized Valuation     222,203.00
        -  (0)              Exemptions                   - (0)
                               Adjusted
 88,881.00     Equalized Valuation      222,203.00
     x 9.35%            Tax Rate                     x 9.35%
 $8,310.37         Amount of Tax           $20,775.98