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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 2020 Tax Levy & Budget on Residential Properties <br />5.0% Increase 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% Increase in value <br />City of Orono - 2020 Budget Page 21 <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 />tte <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 />$410.64 <br />$820.30 <br />$876.46 <br />$1,845.68 <br />$1,959.14 <br />$3,896.43 <br />$4,124.50 <br />2019 <br />$24.60 <br />$56.16 <br />$113.46 <br />$228.08 <br />12019 <br />6.37% <br />6.85% <br />6.15% <br />5.85% <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 - 2020 Budget Page 21 <br />