Omitted property calc

Modified on Mon, 08 Nov 2021 at 09:05 AM

Omitted Improvement Homestead * taxrate * ((certified date - delinquent date in months) * 1%) 

= $249,502 * (1.3363/100) * ((Oct 27 - Feb 1) * 1%) 

$249,502 * .013363 * .09 = 300.07


First you need to find the omitted value (not always the total taxable). If a portion had been paid previously, just use the added value of the omitted portion. Omitted value X’s tax rate. Add 1% per month interest from the date it should have been originally certified to the date omitted value was added. In the example above it was 9 months so 9% interest. 

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article