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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 />Actual Estimated Actual Estimated Actual Estimated Actual Estimated <br />2019 2020 2019 2020 2019 2020 2019 2020 <br />Value $250,000 $237,500 $500,000 $475,000 $1,000,000 $950,000 $2,000,000 $1,900,000 <br />MVE $14,740 $15,865 $0 $0 $0 <br />Tax Value $235,260 $221,635 $500,000 $475,000 $1,000,000 $950,000 $2,000,000 $1,900,000 <br />4.49% 4.49% 4.49% 4.49% <br />et) 2,353 2,271 5,000 4,688 11,250 10,625 23,750 22,500 <br />RE <br />Effect of 2020 Tax Levy & Budget on Residential Properties <br />5.0% Decrease in Value <br />m <br />16.406% <br />16.498% <br />16.406% <br />16.498% <br />16.406% <br />16.498% <br />16.406% <br />16.498% <br />$386.03 <br />$374.67 <br />$820.30 <br />$773.34 <br />$1,845.68 <br />$1,752.91 <br />$3,896.43 <br />$3,712.05 <br />2019 <br />-$11.36 <br />-$46.96 <br />-$92.76 <br />-$184.38 <br />2019 <br />-2.94% <br />-5.72% <br />-5.03% <br />-4.73% <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 />City of Orono - 2020 Budget Page 20 <br />