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09-04-2003 Council Work Session
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09-04-2003 Council Work Session
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•* '‘;- <br />lilTcct of 2004 Tax Levy & Budget on Homes <br />• 2003 Tax Capacity (net) - IH 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 />A.. ^ ' ’*■ <br />City ofOrono • 2003 Budfet <br />mmmm <br />-V ^ <br />V <br />Market Value for 2003 Taxes $200,000 $350,000 $500,000 <br />2003 2004 <br />5% incr <br />2m <br />10% incr <br />2003 2004 <br />5*/o incr <br />2004 <br />10% incr <br />2003 ?004 <br />5% incr <br />2004 <br />10% incr <br />EillniAtMl Market Vatae S200.000 $210,000 12 0,000 $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 Rate p;.»ti*/%r».3I6S 17 316%17.316%17.316%19.869%17.316%17.316% <br />Net Tax S397.38 $363.64 $ 80.95 $695.42 $636.36 S666.67 $993.45 $909.09 $952.38 <br />$ Increase (Decrease) from 2003 -($33.74)(M6.43)($59.05)($28.75)($84.36)($41.07) <br />% fncr^isc (Decrease) from 2003 mm •8Jr«-4.1%•8.5%•4.1%-8.5%•4.1% <br />>1 <br />I'dgeS <br />. ;-r N <br />•',’ '••■.• ■■" ■ <br />' • . : ‘ ‘ ti •• . ■’ <br />I ’ f ' ■ • . • '
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