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12-03-1997 Truth in Taxation Packet
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12-03-1997 Truth in Taxation Packet
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it:- <br />City of OronoTax Capacity, Local Levy, & Tax Capacity Rates 1998 Over (Under) 1997TAX CAPACITYReal Estate <br />Personal Property <br />Deduct Tax Increments <br />Deduct Contrib Fiscal Disp <br />Net Tax Capacity (To calculate rate) <br />LOCAL LEVY <br />Gross Levy <br />Deduct ElACA <br />TOTAL LEVY NET OF H ACA <br />Deduct Fiscal Disparities <br />Net Local Levy <br />TAX CAPACITY RATES <br />General Revenue <br />PIR Infrastucture—Storm Sewer <br />PIR Infrastructure—Roads <br />Debt Service <br />HRA Building Bonds <br />Total Local Tax Capacity Rate <br />Actual Estimatedmi1998 Amount Percent$15,009,193 $14,921,500 ($87,693)-0.58%202,352 206,600 4,248 2.10% <br />0 0 0 0.00% <br />(336,726)(345,100)(8.374)2.49% <br />$14,874,819 $14,783,000 ($91,819)-0.62% <br />$2,462,360 $2,527,810 $6S,4S0 2.66% <br />(300,730)(302,680)($1,950)0.65% <br />$2,161,630 $2,225,130 $63,500 2.94% <br />(51,753)(53,100)($1,347)2.60% <br />$2,109,877 $2,172,030 $62,153 2.95% <br />11.082%11.555%0.473%4.27% <br />0.264%0.264%0.000%0.05% <br />0.300%0.096%-0.204%-68.13% <br />1.122%1.226%0.104%9.26% <br />1.483%1.552%0.069%4.63% <br />14.251%14.693%0.442%3"l0% <br />TAX CAPACITY — The real estate and personal property tax capacity amounts are 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 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.
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