We have to really understand about the property tax so that we can understand how much we should spend to property tax our homes. with the calculation of property taxes we will be more easy to find property tax our homes, and we do not have to worry about property tax issues for our homes. Property tax rate is also known as level Millage, Millage levy taxes or factory. The law on different aspects of real estate properties, as well as the form of property tax actually varies from one country to another. But, there is a standard formula used in calculating property taxes on the home, the usual process would involve doubling the value of the property assessed at the tax rates that apply.