Polk County Treasurer

SAMPLE

Step-by-Step Instructions	Calculation
1) Enter your 2010 assessed value	$100,000
2) Enter the rollback ¹	x0.485299
3) Multiply line 1 by line 2 (Equals your gross taxable value)	$48,530
4) Enter the tax levy for your tax district ²	x0.04598095
5) Multiply line 3 by line 4 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar)	$2,232

Step-by-Step Instructions	Calculation
1) Enter your 2010 assessed value	$100,000
2) Enter the rollback ¹	x0.485299
3) Multiply line 1 by line 2 (Equals your gross taxable value)	$48,530
4) Subtract Homestead Credit ⁴	-$3,056
5) Equals your Net Taxable Value	$45,474
6) Enter the tax levy for your tax district ²	x0.04598095
7) Multiply line 5 by line 6 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar)	$2,090

Step-by-Step Instructions	Calculation
1) Enter your 2010 assessed value	$100,000
2) Enter the rollback ¹	x0.485299
3) Multiply line 1 by line 2 (Equals your gross taxable value)	$48,530
4) Subtract Military Credit ³	-$1,852
5) Subtract Homestead Credit ⁴	-$3,056
6) Equals your Net Taxable Value	$43,622
7) Enter the tax levy for your tax district ²	x0.04598095
8) Multiply line 6 by line 7 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar)	$2,006

2010 State Rollback-Residential Class – gross taxable value is rounded to the nearest $10.
Tax levy is per thousand dollars of value and varies with each taxing district. Contact the Polk County Treasurer’s Office at (515) 286-3060 or visit http://auditor.co.polk.ia.us/pdf/tax/levies10.pdf to determine the tax levy for your taxing district.
Military Credit: enter $1,852 for any war or military action after WWI.
Homestead Credit was reduced pursuant to Iowa Code Section 25B.7.