What are the property taxes like in Maharishi Vedic City?
Property taxes are based on the assessed value of your home, which includes the land. This assessed value is then multiplied by .44803. If you own and live in this home as your primary residence you can subtract a $4,850 “homestead exemption.” You then multiply this number by the levy rate. The levy rate for Maharishi Vedic City is approximately $28.50 per $1000 of assessed value. (In Fairfield the levy rate is approximately $41.50 per $1000 and in Jefferson County it is approximately $27 per $1000.) For example, if your property is assessed at $80,000, then your taxes for the year will be $884.00.