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Attachment E - Tax Impact <br />Actual Estimated **Actual Estimated Actual Estimated Actual Estimated <br />2014 2015 2014 2015 2014 2015 2014 2015 <br />Value $250,000 $242,500 $500,000 $485,000 $1,000,000 $970,000 $2,000,000 $1,940,000 <br />MVE $14,740 $15,415 $0 $0 $0 <br />Tax Value $235,260 $227,085 $500,000 $485,000 $1,000,000 $970,000 $2,000,000 $1,940,000 <br />2,353 2,271 5,000 4,813 11,250 10,875 23,750 23,000 <br />17.387%17.387%17.387%17.387%17.387%17.387%17.387%17.387% <br />$409.12 $394.86 $869.35 $836.75 $1,956.04 $1,890.84 $4,129.41 $3,999.01 <br />-$14.26 -$32.60 -$65.20 -$130.40 <br />-3.48%-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 $500,000 <br />** Assumes a 2.0% decrease in value <br /> <br />% Increase from 2013 <br />Effect of 2016 Tax Levy & Budget on Residential Properties <br />3.0% Decrease in Value <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2013