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Levy Increase <br />Tax Capacity (N <br />Tax Capacity R <br />Net City Tax <br />$ Increase from <br />% Increase from <br />Effect of 2019 Tax Levy & Budget on Residential Properties <br />No Change in Value <br />m <br />Actual <br />Estimated <br />Actual <br />Estimated <br />Actual <br />Estimated <br />Actual <br />Estimated <br />2018 <br />2019 <br />2018 <br />2019 <br />2018 <br />2019 <br />2018 <br />2019 <br />Value <br />$250,000 <br />$250,000 <br />$500,000 <br />$500,000 <br />$1,000,000 <br />$1,000,000 <br />$2,000,000 <br />$2,000,000 <br />MVE <br />$14,740 <br />$14,740 <br />$0 <br />$0 <br />$0 <br />Tax Value <br />$235,260 <br />$235,260 <br />$500,000 <br />$500,000 <br />$1,000,000 <br />$1,000,000 <br />$2,000,000 <br />$2,000,000 <br />4.49% <br />4.49% <br />4.49% <br />4.49% <br />et) <br />2,353 <br />2,353 <br />5,000 <br />5,000 <br />11,250 <br />11,250 <br />23,750 <br />23,750 <br />ate <br />16.555% <br />16.378% <br />16.555% <br />16.378% <br />16.555% <br />16.378% <br />16.555% <br />16.378% <br />$389.54 <br />$385.37 <br />$827.75 <br />$818.90 <br />$1,862.44 <br />$1,842.53 <br />$3,931.81 <br />$3,889.78 <br />2017 <br />-$4.16 <br />-$8.85 <br />-$19.91 <br />-$42.04 <br />2017 <br />-1.07% <br />-1.07% <br />-1.07% <br />-1.07% <br />Tax Capacity (net) = 1 % of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes no change in value <br />City of Orono 2019 Draft Budget - Page 10 <br />