How to Figure your Real Estate Taxes

 

Tax Example with No Credits

  1. $150,000  2006 Assess Value

  2. 45.5596% 2006 State Rollback on Residential Class (multiply)

  3. $68,339     Taxable Value

  4. $ 27.55       Find your tax levy amount (click here)

  5. $1,882       Property Tax rounded to the nearest even whole dollar

 

Tax Example with Homestead Credit

  1. $150,000     2006 Assess Value

  2.  45.5596%   State Rollback on Residential Class (multiply)

  3. $68,339        Taxable Value

  4.    $4850        Homestead Credit

  5. $63,489        Net Taxable Value

  6. $ 27.55          Atkins levy

  7. $ 1,750         Property Tax rounded to the nearest even whole dollar

 

Tax Example with Homestead and Military Credit

  1. $150,000    2006 Assess Value

  2. 45.5596%   State Rollback on Residential Class (multiply)

  3. $68,339       Taxable Value

  4.    $4850        Homestead Credit

  5.    $1852        Military Credit

  6. $61,637        Net Taxable Value

  7.  $ 27.55        Atkins Levy

  8. $ 1,698         Property Tax rounded to the nearest even whole dollar.