Taxes are computed by multiplying your taxable value times the total mills. A mill is $1.00 per thousand dollars of taxable value. An easy formula to calculate taxes is shown below:
Taxable Value X Mills / 1,000 = Taxes
Homestead 200,000 X 48.6664/ 1,000 = $9,733
Non-homestead 200,000 X 66.6664/ 1,000 = $13,333
(Remember, a homestead is exempt from 18 mills of school operating taxes!)