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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 />2019 <br />2020 <br />2019 <br />2020 <br />2019 <br />2020 <br />2019 <br />2020 <br />Value <br />$250,000 <br />$250,000 <br />$695,000 <br />$695,000 <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 />$695,000 <br />$695,000 <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 />7,438 <br />7,438 <br />11,250 <br />11,250 <br />23,750 <br />23,750 <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 />$411.52 <br />$1,220.20 <br />$1,300.74 <br />$1,845.68 <br />$1,967.51 <br />$3,896.43 <br />$4,153.64 <br />2018 <br />$25.48 <br />$80.55 <br />$121.84 <br />$257.21 <br />2018 <br />6.60% <br />6.60% <br />6.60% <br />6.60% <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 />