A link to the Douglas County Treasurer.
Statute provides that the actual value of property is not the taxable value. Rather, the taxable value is a percentage of the actual value. The percentage is called an “assessment rate,” and the resulting value is called the “assessed value.”
The budget process determines what revenue is required to operate each entity for the upcoming year. Each taxing entity determines the revenue needed from property taxes to operate the entity during the coming fiscal year.