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Levy Increase <br />Tax Capacity (N <br />Tax Capacity R� <br />Net City Tax <br />$ Increase from <br />% Increase frorr <br />Effect of 2019 Tax Levy & Budget on Residential Properties <br />5.0% Decrease in Value <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% decrease in value <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 />$237,500 <br />$500,000 <br />$475,000 <br />$1,000,000 <br />$950,000 <br />$2,000,000 <br />$1,900,000 <br />MVE <br />$14,740 <br />$15,865 <br />$0 <br />$0 <br />$0 <br />Tax Value <br />$235,260 <br />$221,635 <br />$500,000 <br />$475,000 <br />$1,000,000 <br />$950,000 <br />$2,000,000 <br />$1,900,000 <br />4.49% <br />4.49% <br />4.49% <br />4.49% <br />et) <br />2,353 <br />2,271 <br />5,000 <br />4,688 <br />11,250 <br />10,625 <br />23,750 <br />22,500 <br />ite <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 />$397.18 <br />$820.30 <br />$819.80 <br />$1,845.68 <br />$1,858.21 <br />$3,896.43 <br />$3,935.03 <br />2018 <br />$11.14 <br />-$0.50 <br />$12.53 <br />$38.60 <br />12018 <br />2.89% <br />-0.06% <br />0.68% <br />0.99% <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% decrease in value <br />