Things You'll Need:
- Calendar
- Exemptions
- Tax rates or estimated tax rates
- Property Values of both the land and home
-
Step 1
Know the assessed property value of both the land and house. This amount is not what you paid for the land and home but the amount at which the tax assessor has valued them.
-
Step 2
Add the values of the land and house together. This will make the other calculations much easier.
-
Step 3
Know the exemptions that you are qualified to deduct from your assessed property value. Each taxing unit allows for different exemptions.
-
Step 4
Find out the levy rates or estimated rates for the year.
-
Step 5
Multiply the assessed amount minus the exemptions for the city unit and multiply it by the city's tax rate percentage (example: Land and Home value at 100,000 with an exemption of 5,000 with a tax rate of .598291. The calculation would be 100,000 - 5,000 x .598291% = 568.38 being the tax amount due.
-
Step 6
Continue to calculate each unit separately.
-
Step 7
Add up all of the unit's taxable amounts. This is the amount due or estimated for the tax year.









