HOW REAL PROPERTY TAXES ARE CALCULATED
  1. This example illustrates a residential property in the City of Bryan with a market value of $100,000.
    (Please note that tax rates vary between taxing districts and the rates, reductions and credit percents used in this example
    are specific to properties in the Bryan City taxing district.)
  2. To compute the taxable or assessed value, multiply the market value (1) times 35%.
  3. To compute the gross taxes, divide the taxable rate ($81.45) by 1000 and multiply the factor by the taxable value ($35,000).
  4. Multiply the gross taxes by the reduction factor of 30.9931% to compute the tax reduction.
  5. Subtract the tax reduction from the gross taxes to compute the taxes before the Non-Business  and Owner Occupancy credits.
  6. Multiply the total from step (5) by 8.2425% to compute the Non-Business Credit.
  7. Multiply the total from step (5) by 2.0606% to compute the Owner Occupancy Credit.
  8. Subtract the amounts computed in steps (6) and(7) from the total computed in step (5) to compute the net taxes due.


SAMPLE: BRYAN CITY VOTED MILLAGE = $81.45
1. Market Value of Property$100,000
2. Taxable Value (35% of Market Value) $ 35,000
3. Gross Real Estate Taxes($35,000 x .08145)$ 2,851
4. Less: Tax Reduction($2,851 x 30.9931%)$ (884)
5. Subtotal$ 1,967
6. Less: Non-Business Credit($1,967 x 8.2425%)$ (162)
7. Less: 2 1/2% Owner Occupancy Credit($1,967 x 2.0606%) $ (41)
8. Net Taxes Due $1,764

 Net taxes due does not include any "Special Assessments" applicable to your property.