Calculating Taxes

Tax Formula

Appraised Value – Exemptions = Taxable Value
Taxable Value x  Tax rate = Tax Due

HomesteadExemption Calculation
Appraised Value +135,000.00
CCISD Optional Homestead Exemption
(5% or $5000, whichever is greater)
-6,750.00
State Homestead Exemption
($25,000 regardless of value)
-25,000.00
Taxable Value 103,250.00
Tax rate (2015) $1.40 x 0.0140
Tax Due $ 1,445.50

HomesteadExemption with Over 65 or Disability Exemption
Appraised Value +135,000.00
CCISD Optional Homestead Exemption
(5% or $5000, whichever is greater)
- 6,750.00
State Homestead Exemption
($25,000 regardless of value)
-25,000.00
Over65/DisabilityExemption($28,330 regardless of value) -28,330.00
Taxable Value 74,920.00
Tax rate (2015) $1.40 x 0.0140
Tax Due $ 1,048.88

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