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City of Orono <br />Tax Capacity, Local Levy, & Tax Capacity Rates <br />2000 Over (Under) 1999 <br />Actual Estimated <br />TAX CAPACITY 1999 2000 Amount Percent <br />Real Estate .$14,71-5,042 $15,750,937 $1,035,895 7.04% <br />Personal Property 163,936 165,000 1,064 0.65% <br />Deduct Tax Increments 0 0 0 0.00% <br />Deduct Contrib Fiscal Disp (261,649)(270,000)(8,351)3.19% <br />Net Tax Capacity (To calculate rate)$14,617,329 $15,645,937 $1,028,608 7.04% <br />LOCAL LEVY <br />Gross Levy $2,527,810 $2,673,111 $145,301 5.75% <br />Deduct HACA (302,528)(309,551)(7,023)2.32% <br />TOTAL LEVY NET OF HACA $2,225,282 $2,363,560 $138,278 6.21% <br />Deduct Fiscal Disparities (41,806)(42,000)(194)0.46% <br />Net Local Levy $2,183,476 $2,321,560 $138,084 6.32% <br />TAX CAPACITY RATES <br />General Revenue 11.887%11.667%-0.220%-1.85% <br />PIR Infrastucture-Storm Sewer 0.302%0.283%-0.020%-6.47% <br />PIR Infrastructure-Roads 0.238% 0.223% -0.015% -6.49% <br />Parks - Land Acquisition & Development 0.034%0.031% -0.003%— <br />Debt Service 1.241%1.065%-0.176%-14.15% <br />HRA Building Bonds 1.678%1.569%-0.109%-6.47% <br />Total Local Tax Capacity Rate 15.380%14.838%____ _ -0.542%-3.52% <br />TAX CAPACII'Y • The real estate and personal propcny tax capacity amounts arc reduced by any tax increments and the contribution amount to the <br />fiscal disparities to arrive at the total value of tax capacity used for calculating the tax capacity rate. <br />LOCAL LEVY • The amount of gross tax is reduced by the state paid I lACA (I lomcstcad and Agricultural Credit Aid), and by the Fiscal Disparities <br />distributed through the county. <br />TAX CAPACITY RA'IT, - The net local levy amount is divided by the tax capacity to arrive at a percentage or tax capacity rate. <br />i <br />i