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12-14-2000 Truth In Taxation
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12-14-2000 Truth In Taxation
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, <br />City of Orono <br />Effect of 2001 Tax Levy & Budget on Commercial Property <br />For Market Value of $500,000 <br />. <br />^Imated Market Value <br />Tax Capacity (Net) • <br />Tax Capacity Rate <br />Net Tax <br />$$ Increase (Decrease) from 2000 <br />% Increase (Decrease) from 2000 <br />• 2000 Tax Capacity (net) •» 2.40% of first $150,000 market value, plus 3.4% of all value over $150,000 <br />2001 Tax Capacity (net) - 2.40% of first $150,000 market value, plus 3.4% of all value over $ 150,000 <br />auDOtiuMivrAXimci u <br />2000 2001 2001 <br />0% Incr.5% Incr. <br />$500,000 $500,000 $525,000 <br />15,500 15,500 16,350 <br />14.807%13.761%13.761% <br />$2,295.09 $2,132.96 $2,249.92 <br />($162.13)($45.16) <br />-7.1%-2.0% <br />ff
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