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12-12-2022 Council Packet
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12-12-2022 Council Packet
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3/13/2023 2:08:07 PM
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3/13/2023 2:02:13 PM
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Actual Actual Actual Actual <br />2022 2022 2022 2022 <br />Value $250,000 $237,500 $500,000 $475,000 $1,000,000 $950,000 $2,000,000 $1,900,000 <br />MVE $14,740 $15,865 $0 $0 $0 <br />Tax Value $235,260 $221,635 $500,000 $475,000 $1,000,000 $950,000 $2,000,000 $1,900,000 <br />2,353 2,216 5,000 4,750 11,250 10,625 23,750 22,500 <br />16.820%16.567%16.820%16.567%16.820%16.567%16.820%16.567% <br />$395.71 $367.18 $841.00 $786.93 $1,892.25 $1,760.24 $3,994.75 $3,727.58 <br />-$28.52 -$54.07 -$132.01 -$267.17 <br />-7.21%-6.43%-6.98%-6.69% <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 5.0% decrease in value <br /> <br />% Increase from 2020 <br />$ Increase from 2020 <br />Effect of 2023 Tax Levy & Budget on Residential Properties <br />5.0% Decrease in Value <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />Estimated <br />2023 <br />Estimated <br />2023 <br />Estimated <br />2023 <br />Estimated <br />2023
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