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Appendix A <br />Westonka School District No. 277 <br />Analysis of Tax Impact for Potential Increase in Referendum Revenue <br />May 15.2002 <br />New Referendum Revenue <br />$570.00 Per Pupil Unit <br />Est. Market Value Rates <br />(for Referendum Only) <br />Taxes <br />Payable <br />in 2002 <br />0.09996 <br />Estimated Taxes Payable in 2003 <br />Without Taxes for Total Change in <br />Proposed Proposed Referendum Taxes. 2002 <br />Levy Levy Levy to 2003 <br />0 08763 0.04539 0.13302 <br />The figures in the table are based on school district taxes for the referendum levy only, and do not include <br />tax levies for other purposes Tax increases shown above are gross increases, not including the impact of <br />the state Property Tax Refund ("Circuit Breaker") program. Many owners of homestead property will qualify <br />for a refund, based on their income and total property taxes. This will decrease the net effect of the <br />referendum levy for many property owners. <br />NOTE: For agricultural homestead property, the taxes would be based on the value of the house, garage, and <br />one acre only. <br />prepared by Ehlers and Associates <br />Questions? Please call 952.491.8443 or e-mail welisten&westonka.k12.mn.us <br />14 <br />Type of Property <br />Taxable <br />Market Value Estimated Taxes for Referendum Only* <br />$80,000 $80 $70 $36 $106 $26 <br />90.000 90 79 41 120 30 <br />All Property Except 100,000 100 88 45 133 33 <br />Agric. Homestead,125,000 125 110 57 166 41 <br />Disabled Homestead,150.000 150 131 68 200 50 <br />and Seasonal Recre­175,000 175 153 79 233 58 <br />ational Residential 200,000 200 175 91 266 66 <br />250.000 250 219 113 333 83 <br />300,000 300 263 136 399 99 <br />400,000 400 351 182 532 132 <br />500,000 500 438 227 665 165 <br />750,000 750 657 340 998 248 <br />1.000,000 1,000 876 454 1,330 331 <br />2.000,000 1,999 1.753 908 2,660 661 <br />N. <br />\ <br />I