Taxes
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Calculation of St. Marys Property Tax
Based on 2011 Millage Rate of 5.351
Various Property Values
Assessed Value
100,000
175,000
250,000
325,000
400,000
40% of Accessed Value
0.40
0.40
0.40
0.40
0.40
Taxable Value
40,000
70,000
100,000
130,000
160,000
Multiplied by Millage
0.005351
0.005351
0.005351
0.005351
0.005351
City Tax
214.04
374.57
535.10
695.63
856.16
$25,000 is subtracted from the taxable value for Taxpayers who qualify for the Senior Exemption.
Senior Exemption for 2011 tax bills equates to $133.78.
(25,000 x 0.005351 = $133.78)
