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sim <br />City of Orono <br />f; •.‘S <br />Effect of 2001 Tax Levy & Budget on Commercial Property <br />For Market Value of $500,000 <br />V, <br />f •• - ■2000 2001 <br />L'-V <br />0% Incr. <br />kv.-' <br />$$ Increase (Decrease) from 2000 <br />% Increase (Decrease) from 2000 <br />($162.13) <br />-7.1% <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 C^Mchy (net) = 2.40% of first $ 1 50,000 market value, plus 3.4% of all value over $ 150,000 <br />WlHI!m Itto <br />•{V ■uKnMMixTAxtme.iti <br />2001 <br />5% Incr. <br />Eitlnated Market Value $500,000 $500,000 $525,000 <br />Tax Capacity (Net) •15,500 15,500 16,350 <br />Tax Capacity Rate 14.807%13.761%13.761% <br />Net Tax $2,295.09 $2,132.96 $2,249.92 <br />($45.16) <br />-2.0%