Affect One Cent of Property Taxes have on your home

Appraised value Assessed value (1 cent) Annually Monthly
Residential
80,000 20,000 2.00 0.17
120,000 30,000 3.00 0.25
150,000 37,500 3.75 0.31
200,000 50,000 5.00 0.42
250,000 62,500 6.25 0.52
Commercial
250,000 100,000 10.00 0.83
500,000 200,000 20.00 1.67
1,000,000 400,000 40.00 3.33