How to Estimate Your Taxes

The formula to estimate your tax is:

• Market Value X 60% = Assessed Value
• Assessed Value X Levy Rate = Tax

Example of Class II (owner-occupied) in County:

• $ 100,000 X 60% = $ 60,000
• $ 60,000 X Current Rate (County Class II) = Tax Dollars

If you were entitled to the Homestead Exemption you would subtract $20,000 from the assessed value before applying the levy rate.

Example $60,000 - $20,000 (Exemption) = $40,000 X Current Rate (County Class II) = Tax Dollars