HOW REAL PROPERTY TAXES ARE CALCULATED
 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.)
 To compute the taxable or assessed value, multiply the market value (1) times 35%.
 To compute the gross taxes, divide the taxable rate
($81.45) by 1000 and multiply the factor by the taxable value ($35,000).
 Multiply the gross taxes by the reduction factor of
30.9931% to compute the tax reduction.
 Subtract the tax reduction from the gross taxes to compute the taxes before
the NonBusiness and Owner Occupancy credits.
 Multiply the total from step (5) by 8.2425% to compute the
NonBusiness Credit.
 Multiply the total from step (5) by 2.0606% to compute the
Owner Occupancy Credit.
 Subtract the amounts computed in steps (6) and(7) from the total computed in
step (5) to compute the net taxes due.
