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Actual Actual Actual Actual <br />2020 2020 2020 2020 <br />Value $250,000 $250,000 $500,000 $500,000 $1,000,000 $1,000,000 $2,000,000 $2,000,000 <br />MVE $14,740 $14,740 $0 $0 $0 <br />Tax Value $235,260 $235,260 $500,000 $500,000 $1,000,000 $1,000,000 $2,000,000 $2,000,000 <br />10.0%10.0%10.0%10.0% <br />2,353 2,353 5,000 5,000 11,250 11,250 23,750 23,750 <br />16.512%16.811%16.512%16.811%16.512%16.811%16.512%16.811% <br />$388.46 $395.50 $825.60 $840.55 $1,857.60 $1,891.24 $3,921.60 $3,992.61 <br />$7.03 $14.95 $33.64 $71.01 <br />1.81%1.81%1.81%1.81% <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 />Effect of 2021 Tax Levy & Budget on Residential Properties <br />No Change in Value <br />Additional $125,000 <br />Estimated Estimated Estimated Estimated <br />2021 2021 2021 <br />Levy Increase <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2020 <br />% Increase from 2020 <br />2021 <br />Attachment C - Tax Rate Impact