Breakdown of Property Taxes Paid FY12


County


School H.C.C. & Other City


Taxes paid per $1,000 of Taxable Valuation (FY12) (A)


(B) City


School District County


H.C.C. & Other


Less: Homestead Credit Military Credit Total


$12.86 X $13.79 X $6.60 X $1.29 X


= = = =


( (


$34.53


To calculate the tax breakdown for your own home, divide your property’s TAXABLE VALUE by 1,000; enter the result into column (B) and multiply by the figures in column (A).


 To calculate the Homestead Credit, divide $4,850 by 1,000 and multiply by the total tax rate in Column (A). To calculate the Military credit, divide $1,852 by 1,000 and multiply the total tax rate in column (A). Homestead and Military credits are deducted from the total tax due.


The following is an example for a home with a GROSS ASSESSED VALUE of $100,000: $100,000 x 48.5299% (State Rollback) = $48,530 (Taxable Value)/1,000 = 48.53 x $12.86 = $624.10 paid in City taxes; $669.23 paid in School taxes; $320.30 paid in County taxes; $62.60 paid in H.C.C. & Other taxes; and $1,676.23 paid in total.


and Homestead credits would reduce the total tax due by $231.42.


) )


(C)


If applicable, Military


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