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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 />2022 2022 2022 2022 <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 />2,353 2,489 5,000 5,313 11,250 11,875 23,750 25,000 <br />16.820%16.820%16.820%16.820%16.820%16.820%16.820%16.820% <br />$395.71 $418.62 $841.00 $893.56 $1,892.25 $1,997.38 $3,994.75 $4,205.00 <br />$22.92 $52.56 $105.13 $210.25 <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 />2023 2023 2023 2023 <br />Tax Capacity (Net) * <br />Effect of 2023 Tax Levy & Budget on Residential Properties <br />5.0% Increase in Value <br />Estimated Estimated Estimated Estimated
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