How Does One Calculate Their Property Taxes?

  • Assessed value and taxable value are not synonymous terms.
  • Property is assessed as of January 1st.
  • Property is reassessed every 2 years.
  • Taxes are levied on a value determined by the auditor by applying a "roll back" % to the assessed value and deducting any applicable exemptions or credits. The "roll back" % vary each year.


2015 Assessed value (residential class)

              x .556259

roll back percentage (2015) (last year roll back 0.557335)



roll back value (taxable)



levy $35.78418  per thousand (varies with taxing district)



Gross tax



Homestead Credit $4,850@.100% funded for 2015



property tax (rounded to nearest even whole dollar)