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How Taxes are Calculated

View a sample of how taxes are calculated.

How To Calculate Your Estimated Net Tax 

Tax Example with No Credits

Step-by-Step Instructions Calculation
1) Enter your assessed value $100,000
2) Enter the rollback* x0.546501
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,650.10
4) Enter the tax levy for your tax district ** x.04013305
5) Multiply line 3 by line 4 $2,193.28

Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)

Example with Homestead Credit

Step-by-Step Instructions Calculation
1) Enter your assessed value $100,000
2) Enter the rollback * x0.546501
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,650.10
4) Subtract Homestead Credit -$4,850
5) Equals your Net Taxable Value $49,800.10
6) Enter the tax levy for you tax district ** x.04013305
7) Multiply line 5 by line 6 $1,998.63

Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)

Example with Homestead & Military Credit

Step-by-Step Instructions Calculation
1) Enter your assessed value $100,000
2) Enter the rollback * x0.546501
3) Multiply line 1 by line 2 (Equals your gross taxable value) $54,650.10
4) Subtract Military Credit *** -$1,852
5) Subtract Homestead Credit -$4,850
6) Equals your Net Taxable Value $47,948.10
7) Enter the tax levy for your tax district ** x.04013305
8) Multiply line 6 by line 7 $1,924.31

Equals the Estimated Net Property Tax (rounded to the nearest whole even dollar)

* State Rollback-Residential Class is rounded to the nearest $10.
** Tax levy $40.13305 per thousand dollars of value varies with each taxing district.
*** Military Credit =
Enter $1,852 for any war or military action after WWI.
Enter $2,778 if you served in WWI

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Mission Statement

The mission of Boone County is to be accountable to its citizens in providing innovative and high-quality government services in an economical, fair, professional, and courteous manner to enhance and protect the health, welfare, and safety of those who live and work in Boone County.