How to Calculate Commercial Property Tax

The tax code is the size of a phone book, full of riddles that change every year. Taxes affect everyone in all areas of his or her finances. Trying to calculate these taxes can be extremely taxing. However, with a few tip and hints it can be easier than expected. Read on to learn how to calculate commercial property tax.
Instructions
1.Identify the taxable market value of the commercial property in question. This figure is established by the tax appraiser and would have been mailed to the commercial property owner. If the records are not in possession of the owner, contact the local appraisers' office for the taxable market value.
2.Determine the tax capacity for the commercial property. The tax capacity calculation will vary depending on the locale of the commercial property. Tax capacity is a percentage value of the taxable market value. Often it is a tiered tax. For example, if the value of a property is five hundred thousand, then the tax capacity may be calculated at two percent of the first two hundred thousand and one percent on the remaining three hundred thousand.
3.Ascertain the fiscal disparity rate, tax capacity rate, fiscal disparity ratio, market value rate and state tax rate. These figures are available from the local tax office and are expressed in percentages.
4.
Calculate the total tax of the commercial property. Add the following together to get the total tax owed on the commercial property: tax capacity tax, market value tax, fiscal disparity tax and state tax.