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.