After calculating taxes based on assessed values, the total tax is compared to real market value.
Under state law, if that rate exceeds $10 per $1,000 of real market value for general government and $5 per $1,000 of real market value for education services, the amount is reduced until the rate limitation prescribed by the law is achieved.
In Sweet Home, a home with an assessed value of $100,000 carries a property tax of $2,249.96…