Free Property Tax Report Template
Property Tax Report
Prepared by: [Your Name]
Company: [Your Company Name]
Date: [Date]
I. Property Identification
This section provides detailed information about the property in question, aiding in its proper identification on the tax rolls.
|
Property Address: |
Kansas City, MO 64101 |
|
Parcel Number: |
5678-1234 |
|
Owner Information: |
Anita Wehner |
II. Assessed Value
The assessed value represents the financial valuation of the property, as determined by the local assessor's office. This value is crucial for calculating property tax obligations.
A. Land Value
The land value of the property is assessed at $100,000.
B. Improvement Value
The improvements on the property, including structures and other fixed improvements, are valued at $200,000.
C. Total Assessed Value
The total assessed value of the property combines the land and improvement values.
|
Description |
Value |
|---|---|
|
Land |
$100,000 |
|
Improvements |
$200,000 |
|
Total Assessed Value |
$300,000 |
III. Tax Rates
This section provides the current property tax rates applicable to both the land and improvements included in the total assessed value.
A. Local School Tax
The current rate for local school taxes is 0.5%.
B. County Tax
The county tax rate applied to this property is 0.4%.
C. Municipal Tax
The municipal tax rate levied is 0.3%.
D. Total Tax Rate
The total tax rate is a sum of all applicable tax rates.
|
Description |
Rate |
|---|---|
|
Local School Tax |
0.5% |
|
County Tax |
0.4% |
|
Municipal Tax |
0.3% |
|
Total Tax Rate |
1.2% |
IV. Tax Liability
The tax liability is calculated by applying the total tax rate to the assessed value of the property.
|
Description |
Amount |
|---|---|
|
Total Assessed Value |
$300,000 |
|
Total Tax Rate |
1.2% |
|
Total Tax Liability |
$3,600 |
V. Exemptions or Credits
Any tax exemptions or credits that apply to this property, reducing the overall tax liability, are detailed in this section.
A. Homestead Exemption
A homestead exemption of $50,000 is applied to the assessed value, lowering the taxable value.
B. Senior Citizen Credit
A senior citizen credit amounts to $100, further reducing the tax liability.
VI. Payment History
A historical record of property tax payments, including amounts and dates of payment, is detailed in this section.
|
Date |
Payment Amount |
Status |
|---|---|---|
|
January 15, 2050 |
$1,800 |
Paid |
|
July 15, 2050 |
$1,800 |
Paid |
|
January 15, 2051 |
$1,850 |
Paid |
|
July 15, 2051 |
$1,850 |
Paid |
