How is the tax rate computed?
The County Clerk calculates a tax rate for each fund used by each taxing district by dividing the tax levy for that fund by the district's total equalized assessed value that remains after deduction of homestead exemptions.

If the resulting rate exceeds the maximum allowable rate, the extension is limited to the amount which the maximum legal rate will produce when applied to the tax base.

The total district extension is further limited to 5 percent over the previous year's extension (excluding bonds, interest and election costs), unless the "Truth-in-Taxation Law" publication has been made and a hearing held.

Show All Answers

1. How does the equalization factor effect tax rates?
2. What is a levy?
3. How do levies affect tax rates?
4. What makes tax bills increase?
5. When are taxes extended (billed)?
6. How is the tax rate computed?