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.