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

Determine the assessed value
Formula: (Appraised Value) x 35% =
Assessed Value
Example: $100,000 x .35 = $35,000

Example: $100,000 x .35 = $35,000
Divide (Assessed Value) in half
to Calculate HalfYear Tax Bill Amount.
Formula: (Appraised Value)
/ 2 = Assessed Value (For HalfYear Tax Bill Calculation)
Example:
$35,000 / 2 = $17,500

Calculate the gross tax
Formula: (Assessed Value x (Full Rate) =
Gross Tax (for HalfYear) / 1,000
Example: $17,500 x 96.15 / 1,000
= $1,682.63

Calculate the reduction factor credit amount
Formula: (Gross Tax)
x (Reduction Factor) = Credit
Example: $1,682.63 x .392630 = $660.65

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

Calculate the rollback credit amount
Formula: (Adjusted Tax) x
(Rollback) = 10% Rollback Reduction
Example: $1,021.98 x .10 = $102.20

For OwnerOccupied 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

Reduce Adjusted Tax by Total Rollback for HalfYear Tax Amount.
Formula:
(10% Rollback) + (2.5% Rollback) = Total Rollback Reduction
(Adjusted Tax Amount)  (Total Rollback Reduction) = Total HalfYear
Tax Amount.
Example:
$102.20 + $25.55 = $127.75
$1,021.98 
$127.75 = $894.23
Half Year Tax Amount: $894.23 (Billed SemiAnnually)
Full Year Tax Amount: $1,788.46