View a Sample of how Taxes are Calculated
How To Calculate Your Estimated Net Tax
Tax Example with No Credits
| STEP-BY-STEP INSTRUCTIONS: |
CALCULATION |
| 1) Enter your assessed value |
$100,000 |
| 2) Enter the rollback* |
x0.455893 |
| 3) Multiply line 1 by line 2 (Equals your gross taxable value) |
$45,589 |
| 4) Enter the tax levy for your tax district ** |
x0.04147061 |
| 5) Multiply line 3 by line 4 |
$1,890 |
Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)
Example with Homestead Credit
| STEP-BY-STEP INSTRUCTIONS: |
CALCULATION |
| 1) Enter your assessed value |
$100,000 |
| 2) Enter the rollback * |
x0.455893 |
| 3) Multiply line 1 by line 2 (Equals your gross taxable value) |
$45,589 |
| 4) Subtract Homestead Credit |
-$4,850 |
| 5) Equals your Net Taxable Value |
$40,739 |
| 6) Enter the tax levy for you tax district ** |
x0.04147061 |
| 7) Multiply line 5 by line 6 |
$1,689 |
Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)
Example with Homestead & Military Credit
| STEP-BY-STEP INSTRUCTIONS: |
CALCULATION |
| 1) Enter your assessed value |
$100,000 |
| 2) Enter the rollback * |
x0.455893 |
| 3) Multiply line 1 by line 2 (Equals your gross taxable value) |
$45,589 |
| 4) Subtract Military Credit *** |
-$1,852 |
| 5) Subtract Homestead Credit |
-$4,850 |
| 6) Equals your Net Taxable Value |
$38,887 |
| 7) Enter the tax levy for your tax district ** |
x0.04147061 |
| 8) Multiply line 6 by line 7 |
$1,612 |
Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)
* State Rollback-Residential Class is rounded to the nearest $10.
** Tax levy $41.47061 per thousand dollars of value varies with each taxing district.
*** Military Credit =
Enter $1,852 for any war or military action after WWI.
Enter $2,778 if you served in WWI