Washington County has set the assessed value of a residential property at 20% of its fair market value. The City’s tax levy is taken times this assessed valuation. For example, an individual who owns a home with an actual value of $160,000 would pay the following to the City:$160,000 x 20% = $32,000 assessed valuation
$32,000 divided by $100 = $320 x $0.23 = $73.60