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12-01-2003 Truth in Taxation Packet
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12-01-2003 Truth in Taxation Packet
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City of Orono <br />Tax Capacity, Local Levy, & Tax Capacity Rates <br />ivocrratMvTAXCAri.iu <br />---14a rtiH <br />2004 Over (Under) 2003 <br />TAX CAPACITY <br />Actual <br />2003 <br />Estimated <br />2004 Amount Percent <br />Real Estate $15,547,498 $18,142,079 $2,594,581 16.69% <br />Personal Property 112,175 120,534 8,359 7.45% <br />Deduct Tax Increments (3,600)(60,625)(57,025)0.00% <br />Deduct Contrib Fiscal Disp (269,786)(279,146)(9,360) <br />Add Distribution Fiscal Disp 199,360 219,720 20,360 10.21% <br />Net Tax Capacity (To calculate rate)$15,585,647 $18,142,562 $2,556,915 16.41% <br />LOCAL LEVY <br />Total levy all funds $3,098,400 $3,197,930 $99,530 3.21% <br />TAX CAPACITY RATES <br />General Revenue 16.702%14.538%-2.164%-12.96% <br />PIR Infrastuclure-Storm Sewer / Roads 0.227%0.198%-0.029%-12.78% <br />Parks • Land Acquisition A Development 0.032%0.028%-0.004%-12.50% <br />Improve & Equip * Capital Equipment 0.000%0.700%0.700% <br />Debt Service 0.484%0.325%-0.159%-32.85% <br />lIRA niiildiiq* hoiuls 1.601%I.400®/,-0.20.3%-12.66% <br />I'irc l-'ucilily A liquipment ItuiiJs IX*bl 0.821%0.410%-0.411%- <br />Total Local Tax Capacity Rate . 19.869%17.599%-2.270%
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