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09-14-2015 Council Packet
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09-14-2015 Council Packet
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10/1/2015 11:30:45 AM
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Actual Estimated **Actual Estimated Actual Estimated Actual Estimated <br />2014 2015 2014 2015 2014 2015 2014 2015 <br />Value $250,000 $257,500 $500,000 $515,000 $1,000,000 $1,030,000 $2,000,000 $2,060,000 <br />MVE $14,740 $14,065 $0 $0 $0 <br />Tax Value $235,260 $243,435 $500,000 $515,000 $1,000,000 $1,030,000 $2,000,000 $2,060,000 <br />2,353 2,434 5,000 5,188 11,250 11,625 23,750 24,500 <br />17.384%17.384%17.384%17.384%17.384%17.384%17.384%17.384% <br />$409.05 $423.13 $869.20 $901.80 $1,955.70 $2,020.89 $4,128.70 $4,259.08 <br />$14.08 $32.60 $65.19 $130.38 <br />3.44%3.75%3.33%3.16% <br /> <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 2.0% increase in value <br /> <br />% Increase from 2013 <br />Effect of 2016 Tax Levy & Budget on Residential Properties <br />3.0% Increase in Value <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2013
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