TABLE A
Property Tax Assessment Provisions
|
Alabama |
Arkansas |
Florida |
Georgia |
LOUISIANA |
Mississippi |
North Carolina |
Oklahoma |
South Carolina |
Tennessee |
Texas |
Virginia |
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|
Assessment Ratios |
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|
Real Property |
Urban & Suburban |
Rural |
Industrial |
Commercial |
|||||||||||
|
Land |
20% |
20% |
100% |
40% |
10% |
15% |
100% |
11% |
12% |
10.5% |
6% |
40% |
100% |
100% |
|
|
Buildings |
20% |
20% |
100% |
40% |
15% |
15% |
100% |
11% |
12% |
10.5% |
6% |
40% |
100% |
100% |
|
|
Inventory |
|||||||||||||||
|
Raw Material |
0 |
20% |
0 |
40% |
15% |
15% |
0 |
11% |
12% |
0 |
30% |
100% |
0 |
||
|
Works in Progress |
0 |
20% |
0 |
40% |
15% |
15% |
0 |
11% |
12% |
0 |
0 |
100% |
0 |
||
|
Finished Goods/Resale |
0 |
20% |
0 |
40% |
15% |
15% |
0 |
11% |
12% |
0 |
0 |
100% |
0 |
||
|
Supplies |
20% |
20% |
0 |
40% |
15% |
15% |
0 |
11% |
12% |
0 |
30% |
100% |
0 |
||
|
Other Personal Prop. |
|||||||||||||||
|
Manufacturing Machinery & Equipment |
20% |
20% |
100% |
40% |
15% |
15% |
100% |
11% |
12% |
10.5% |
6% |
30% |
100% |
40% |
|
|
Nonmanufacturing Machinery & Equipment |
20% |
20% |
100% |
40% |
15% |
15% |
100% |
11% |
12% |
10.5% |
6% |
30% |
100% |
100% |
|
|
Computer |
20% |
20% |
100% |
40% |
15% |
15% |
100% |
11% |
12% |
10.5% |
6% |
30% |
100% |
100% |
|
|
Furniture & Fixtures |
20% |
20% |
100% |
40% |
15% |
15% |
100% |
11% |
12% |
10.5% |
6% |
30% |
100% |
100% |
|
|
Intangible Property |
E |
E |
a |
b |
E |
E |
E |
E |
E |
E |
E |
E |
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|
Millage Rate (2000 DATA) |
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|
Tangible Property |
|||||||||||||||
|
Urban |
69.5 |
63 |
28.231 |
32.83 |
169.69 |
162.93 |
11.97 |
101.98 |
272.8 |
69.1 |
28.351 |
14.3 |
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|
Rural |
52.5 |
41.2 |
23.188 |
39.01 |
118.85 |
117.97 |
11.8 |
63.5 |
354.9 |
27.9 |
25.906 |
11.1 |
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|
Typical Suburban |
63 |
50 |
26 |
36 |
120 |
120 |
13 |
100 |
228 |
47 |
27 |
12 |
|||
|
Intangible Property |
0 |
0 |
2 |
b |
0 |
0 |
c |
0 |
0 |
0 |
0 |
0 |
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|
Sales Ratio |
Industrial Commercial |
||||||||||||||
|
Urban |
92%* |
91.35% |
96.3% 98.9% |
88.85% |
94.74% |
86%* |
94.27%* |
100%* |
100% |
92.57%* |
92.57%* |
97.12% |
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|
Rural |
95% |
78.55% |
100.01% |
99.03%* |
96.25% |
100%* |
63.91%* |
100%* |
92.5 |
100%* |
100% |
86.93% |
91.7% commercial |
||
|
Typical Suburban |
92%* |
91.35% |
96.3% 98.9% |
88.85% |
94.74% |
86%* |
94.27%* |
100%* |
100% |
92.57%* |
92.57%* |
97.12% |
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|
Machinery & Tools Tax |
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* applied to all property (all others only applied to real property)
a) applies to stocks & bonds, assume none
b) cash and receivables .10 per 1000
c) cash & receivables at .25 per 100
Source: Minnesota Taxpayers Association
Typical suburban calculated by PAR