Polk County Treasurer

How To Calculate Your Estimated Net Tax

SAMPLE

Tax Example with No Credits
Step-by-Step InstructionsCalculation
1) Enter your 2014 assessed value $100,000
2) Enter the rollback 1 x0.557335
3) Multiply line 1 by line 2 (Equals your gross taxable value) $55,730
4) Enter the tax levy for your tax district 2 x0.0476731
5) Multiply line 3 by line 4 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar) $2,656
Example with Homestead Credit
Step-by-Step InstructionsCalculation
1) Enter your 2014 assessed value $100,000
2) Enter the rollback 1 x0.557335
3) Multiply line 1 by line 2 (Equals your gross taxable value) $55,730
4) Subtract Homestead Credit 4 -$4,850
5) Equals your Net Taxable Value $50,880
6) Enter the tax levy for your tax district 2 x0.0476731
7) Multiply line 5 by line 6 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar) $2,426
Example with Homestead & Military Credit
Step-by-Step InstructionsCalculation
1) Enter your 2014 assessed value $100,000
2) Enter the rollback 1 x0.557335
3) Multiply line 1 by line 2 (Equals your gross taxable value) $55,730
4) Subtract Military Credit 3 -$1,852
5) Subtract Homestead Credit 4 -$4,850
6) Equals your Net Taxable Value $49,030
7) Enter the tax levy for your tax district 2 x0.0476731
8) Multiply line 6 by line 7 (Equals the Estimated Net Property Tax - rounded to the nearest whole even dollar) $2,338
Additional Information
  1. 2014 State Rollback-Residential Class – gross taxable value is rounded to the nearest $10.
  2. 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/levies13.pdf to determine the tax levy for your taxing district.
  3. Military Credit:
    1. -Enter $1,852 for any war or military action after WWI
    2. -Enter $2,778 if you served in WWI
  4. Homestead Credit was reduced pursuant to Iowa Code Section 25B.7


Contact Us

Polk County Administrative Building
111 Court Avenue, Room 154
Des Moines, Iowa 50309-2298
Vehicle:  515-286-3030 (7-4:45 pm)
Property:  515-286-3060 (7-4:45 p.m.)
Vehicle@PolkCountyIowa.gov
PropertyTax@PolkCountyIowa.gov
Treasurer@PolkCountyIowa.gov