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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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Effect of 2004 Tax Levy & Budget on Homes <br />Market Value for 2003 Taies $200,000 $350.000 $500,000 <br />♦ 2003 Tax Capacity (net) =■ I % of first $500,000 market value, plus 1.25% of all value over $500,000 <br />2004 Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />2003 2004 2004 2003 2004 2004 2003 2004 2004 <br />5% incr 10% incr 5% incr 10% incr 5% incr 10% incr <br />Estimated Market Value $200,000 $210,000 $220,000 $350,000 $367..500 $385,000 $500,000 $525,000 $550,000 <br />Tax Capacity (Net) *2,000 2,100 2,200 3,500 3.675 3,850 5,000 5,250 5,500 <br />Tax Capacity Rale 10.869%17.599%I7..599%19.869%17.599%17.599»/i 19.869%17.599%17.599% <br />Net Tax $397.38 $369.58 $387.18 $695.42 $646.76 $677.56 $993.45 $923.95 $967.95 <br />$ Increase (Decrease) from 2003 -($27.80)($10.20)($48.65) ($17.85)($69.50) ($25.51) <br />% Increase (Decrease) from 2003 <br />§ <br />-7.0%-2.6% !-7.0%-2.6%; j -7.0%-2.6% <br />aa ^jiaar'iii'liffli T
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