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r'-^ • : . - <br />' ■ i^r' <br />' \'k <br />•J ^ <br />i'iZ <br />City of Orono <br />Tax Capacity, Local Levy, & Tax Capacity Rates <br />2001 Over (Under) 2000 <br />Actual Estimated <br />TAX CAPACITY 2000 2001 Amount Percent <br />Real Estate $15,777,690 $17,595,396 $1,817,706 11.52% <br />Personal Property 172,164 175,235 3,071 1.78% <br />Deduct Tax Increments 0 0 0 0.00% <br />Deduct Contrib Fiscal Disp (276,999)(319,033)(42,034)15.17% <br />Net Tax Capacity (To calculate rate)_____$i5,672,855_ „$17,451,598 $1,778,743 11.35% <br />LOCAL LEVY <br />Gross Levy $2,673,111 $2,752,980 $79,869 2.99% <br />Deduct HACA (309,551)(309,630)(79) 0.03% <br />TOTAL LEV\' NET OF HACA $2,363,560 $2,443,350 $79,790 3.38% <br />Deduct Fiscal Disparities (41,858)(41,760)98 -0.23% <br />Net Local Levy $2,321,702 ____$2,401,590 $79,888 3.44% <br />TAX CAPACITY RATES <br />General Revenue 11.643%10.948%-0:695%-5.97% <br />PIR Infrastucture-Svorm Sewer 0.282%0.253%-0!028%-10.10% <br />PIR Infrasiructure-Roads 0.222% 0.200% <br />-0.022% -10.06% <br />Parks - Land Acquisition & Development 0.031%0.028%-0.003%-9.16% <br />Improve & Equip - Capital Equipment 0.000%0.507%0.507%— <br />Debt Service 1.063%0.417%-0.646%-60.79% <br />HRA Building Bonds 1.566%1.408%-0.158%___-10.09®^ <br />Total Local Tax Capacity Rate 14.807%13.761%-1.045%-7.06% <br />TAX CAPACITY - The real estate and personal property tax capacity amounts arc reduced by any tax increments and the contribution amount <br />to the Hscal disparities to arrive at the total value of tax capacity used for calculating 'he tax capacity rate. <br />LOCAL LEW’ > The amount of gross tax is reduced by the slate paid HACA (Homestead and Agricultural Credit Aid), and by the Fiscal Disparities <br />distributed through the county. <br />TAX CAPACITY RATE - The net local levy amount is divided by the tax capacity to arrive at a percentage or tax capacity rate. <br />■VDGETUOOUTAXCAri.l 23 <br />A-2