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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 />2019 <br />2020 <br />2019 <br />2020 <br />2019 <br />2020 <br />2019 <br />2020 <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 />16.406% <br />17.489% <br />16.406% <br />17.489% <br />16.406% <br />17.489% <br />16.406% <br />17.489% <br />$386.03 <br />$435.30 <br />$820.30 <br />$929.10 <br />$1,845.68 <br />$2,076.82 <br />$3,896.43 <br />$4,372.25 <br />2018 <br />$49.27 <br />$108.80 <br />$231.14 <br />$475.83 <br />2018 <br />12.76% <br />13.26% <br />12.52% <br />12.21% <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 />