How Property Taxes are Calculated
If your residential property (land & dwelling) had a value of $100,000 here is how property tax would be computed. To adjust for your property value change the appropriate Assessed Property Value.
Assessed Property Value $100,000
X Residential Rollback (most recent) 55.073%
Gross Taxable Value $55,073
X Tax Levy (dollars per $1,000 of value) $20
DIVIDE by One Thousand $1,000
Gross Taxes Due (Annually) $1,100
Note: Homestead and Military credits available.