For more information on how to calculate your real estate taxes, check out How to Compute Your Tax Bill.


  1. Determine the assessed value
    Formula: (Appraised Value) x 35% = Assessed Value
    Example: $100,000 x .35 = $35,000
  2. Example: $100,000 x .35 = $35,000
    Divide (Assessed Value) in half to Calculate Half-Year Tax Bill Amount.
    Formula: (Appraised Value) / 2 = Assessed Value (For Half-Year Tax Bill Calculation)
    Example: $35,000 / 2 = $17,500
  3. Calculate the gross tax
    Formula: (Assessed Value x (Full Rate) = Gross Tax (for Half-Year) / 1,000
    Example: $17,500 x 96.15 / 1,000 = $1,682.63
  4. Calculate the reduction factor credit amount
    Formula: (Gross Tax) x (Reduction Factor) = Credit
    Example: $1,682.63 x .392630 = $660.65
  5. Reduce the gross tax by the reduction factor credit amount
    Formula: (Gross Tax) - (Reduction Factor Credit) = Adjusted Tax
    Example: $1,682.63 - $660.65 = $1,021.98
  6. Calculate the rollback credit amount
    Formula: (Adjusted Tax) x (Rollback) = 10% Rollback Reduction
    Example: $1,021.98 x .10 = $102.20
  7. For Owner-Occupied Residential Properties, there is an additional 2.5% Rollback.
    Formula: (Adjusted Tax) x (Rollback) = 2.5% Rollback Reduction
    Example: $1,021.98 x .025 = $25.55
  8. Reduce Adjusted Tax by Total Rollback for Half-Year Tax Amount.
    Formula:
    (10% Rollback) + (2.5% Rollback) = Total Rollback Reduction
    (Adjusted Tax Amount) - (Total Rollback Reduction) = Total Half-Year Tax Amount.
    Example:
    $102.20 + $25.55 = $127.75
    $1,021.98 - $127.75 = $894.23
    Half Year Tax Amount: $894.23 (Billed Semi-Annually)
    Full Year Tax Amount: $1,788.46