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hi my name is bob tate im the finance director for ratner township here to speak to you about the countys property reassessment initiative and how it affects your ratner township property taxes your propertys newly assessed value was assigned by the county and adjusted to reflect its current market value there is no generic formula or calculation as every tax parcel has its own unique value ratner township adjusted its tax millage rate for 2021 down to 2.2837 based on the aggregate assessed taxable value of all properties within the township increasing by 93 percent ingly your propertys new value will determine the change in your tax bill for twenty twenty one if your property was previously assessed at six hundred thousand dollars your township tax bill last year would have been two thousand six hundred and forty five dollars by way of example for this year if your propertys assessed value increased by 85 percent and applying the townships reduced tax millage rate your tax bill
