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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 * x0.548525
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,850
4) Enter the tax levy for your tax district ** x0.04332624
5) Multiply line 3 by line 4 $2,376

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 * x0.548525
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,850
4) Subtract Homestead Credit -$4,850
5) Equals your Net Taxable Value $50,000
6) Enter the tax levy for you tax district ** x0.04332624
7) Multiply line 5 by line 6 $2,166

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 * x0.548525
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,850
4) Subtract Military Credit *** -$1,852
5) Subtract Homestead Credit -$4,850
6) Equals your Net Taxable Value $48,148
7) Enter the tax levy for your tax district ** x0.04332624
8) Multiply line 6 by line 7 $2,086

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 $43.32624 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