Taxable Value (35% of Market Value) |
$ 35,000 |
Gross Real Estate Taxes ($35,000 times .07945) |
$ 2,781 |
Less: Tax Reduction ($2,781 times 31.8178%) |
$ (885) |
Less: 10% Non-Business Credit ($1,896 times 8.5457%) |
$ (162) |
Less: 2 1/2% Owner Occupancy Credit ($1,896 times 2.1364%) |
$ (41) |