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09-09-2002 Council Packet
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09-09-2002 Council Packet
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•, • Vi • <br />City of Orono <br />Effect of 2003 Tax Levy & Budget on Homes <br />Market Valee for 2002 Taici |20Q^imi <br />m.2m <br />5% incr <br />2m <br />lOVoincr <br />I :mi 2003 <br />5% incr <br />r I <br />Eitiiated Market Valae ms,$1I0.<ms^im <br />Tax Capacity (Net) *2,000 2,100 2,200 3,500 3,675 <br />Tax Capacity Rate 20.960% 19.809% 19.809% <br />Net Tax $419.20 $415.99 <br />$$ Increase (Decrease) from 2002 <br />% Increase (Decrease) from 2002 <br />($3.21) <br />-0.8% <br />$435.80 <br />$16.60 <br />4.0% <br />$733.60 <br />H <br />$727.98 <br />($5.62) <br />•0.8% <br />* 2002 Tax Capacity (net) 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />2003 Tax Capacity (net) > 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />auocri\iMaTAXcmc.iu <br />A-3 <br />I-.; <br />2003 <br />10% incr <br />i <br />$367,500 $385,000 <br />1 ' <br />3,850! <br />20.960% 19.809% 19.809% <br />i-’ <br />I t <br />I <br />$762.65 ! <br />$29.05 <br />4.0% <br />I <br />•. • <br />r <br />$500.000 <br />2002 2003 2003 <br />5% incr 10% incr <br />im S221I $550,000 <br />5,000 <br />20.960% <br />$1,048.00 <br />5,250 5,500 <br />19.809% 19.809% <br />$1,039.97 $1,089.50 <br />($8.03) $41.49 <br />-0.8%4.0% <br />.-III
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