Formula for calculating property tax bills:1. Divide the most recent appraised value of the property by $100. (Since tax rates in Texas are assessed for every $100 of property value, this calcula

 Formula for calculating property tax bills:

1. Divide the most recent appraised value of the property by $100. (Since tax rates in Texas are assessed for every $100 of property value, this calculation will give you the number of "taxable units".)

2. Multiply the number of "taxable units" by the tax rate. This will give you the tax bill for the selected property for that particular unit of local government.

3. Repeat the calculation for each level of local government (city, school district, Tarrant County, Tarrant County College, Tarrant County Hospital, and other special districts as appropriate).

Your completed assignment should include ---

• The street address and city of the 3 selected properties.
• An itemized tax bill showing the tax rate for each taxing authority and the specific tax levied on each property.
• The total tax bill for each selected property (city + school + county + other special districts.)

This information can be presented in a table format.

• A written paragraph stating what you have learned from this assignment about property taxes and property values. 

To receive full credit, students must complete all portions of the assignment.

There is no expected minimum word length for your written analysis.