Calculating an Estimated Tax Bill

The following is an example of an estimated tax bill:

Estimated Market Value $100,000
Assessment Level (10%) X .10
Proposed Assessed Valuation $10,000
2012 State Equalizer X 2.8056
Equalized Assessed Value $28,056
Homeowner Exemption - 7,000
Adjusted Equalized Value $21,056
Sample Tax Rate (your tax rate could vary) X .10
Estimated Tax Bill in Dollars $2,105.60