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Actual Actual Actual Actual <br />2021 2021 2021 2021 <br />Value $250,000 $262,500 $500,000 $525,000 $1,000,000 $1,050,000 $2,000,000 $2,100,000 <br />MVE $14,740 $13,615 $0 $0 $0 <br />Tax Value $235,260 $248,885 $500,000 $525,000 $1,000,000 $1,050,000 $2,000,000 $2,100,000 <br />5.05%5.05%5.05%5.05% <br />2,353 2,489 5,000 5,313 11,250 11,875 23,750 25,000 <br />16.780%16.780%16.780%16.780%16.780%16.780%16.780%16.780% <br />$394.77 $417.63 $839.00 $891.44 $1,887.75 $1,992.63 $3,985.25 $4,195.00 <br />$22.86 $52.44 $104.88 $209.75 <br />5.79%6.25%5.56%5.26% <br /> <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 5.0% Increase in value <br /> <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2020 <br />% Increase from 2020 <br />2022 2022 2022 2022 <br />Levy Increase <br />Tax Capacity (Net) * <br />Effect of 2021 Tax Levy & Budget on Residential Properties <br />5.0% Increase in Value <br />Estimated Estimated Estimated Estimated <br />City of Orono - 2022 Budget Information <br /> <br />Page 3