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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 />5.0% Increase 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 />$262,500 <br />$500,000 <br />$525,000 <br />$1,000,000 <br />$1,050,000 <br />$2,000,000 <br />$2,100,000 <br />MVE <br />$14,740 <br />$13,615 <br />$0 <br />$0 <br />$0 <br />Tax Value <br />$235,260 <br />$248,885 <br />$500,000 <br />$525,000 <br />$1,000,000 <br />$1,050,000 <br />$2,000,000 <br />$2,100,000 <br />4.49% <br />4.49% <br />4.49% <br />4.49% <br />et) <br />2,353 <br />2,489 <br />5,000 <br />5,313 <br />11,250 <br />11,875 <br />23,750 <br />25,000 <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 />$407.65 <br />$827.75 <br />$870.08 <br />$1,862.44 <br />$1,944.89 <br />$3,931.81 <br />$4,094.50 <br />2017 <br />$18.11 <br />$42.33 <br />$82.45 <br />$162.69 <br />2017 <br />4.65% <br />5.11% <br />4.43% <br />4.14% <br />Tax Capacity (net) = 1 % of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 5.0% Increase in value <br />City of Orono 2019 Draft Budget - Page 12 <br />