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09-12-2022 Council Work Session Packet
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09-12-2022 Council Work Session Packet
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12/8/2022 2:10:49 PM
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Actual Actual Actual Actual <br />2021 2021 2021 2021 <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 />2,353 2,353 5,000 5,000 11,250 11,250 23,750 23,750 <br />16.820%16.790%16.820%16.790%16.820%16.790%16.820%16.790% <br />$395.71 $395.00 $841.00 $839.50 $1,892.25 $1,888.88 $3,994.75 $3,987.63 <br />-$0.71 -$1.50 -$3.37 -$7.12 <br />-0.18%-0.18%-0.18%-0.18% <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes no change in value <br /> <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2020 <br />% Increase from 2020 <br />2022 2022 2022 2022 <br />Tax Capacity (Net) * <br />Effect of 2023 Tax Levy & Budget on Residential Properties <br />No Change in Value <br />Estimated Estimated Estimated Estimated <br />Levy Effect <br />Page4
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