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08-14-1995 Council Packet
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08-14-1995 Council Packet
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•*. - * <br />CITYOFORONO <br />TAX CAPAaiTY. LOCAL LEVY AND TAX CAPACITY RATES <br />ACTUAL <br />1995 <br />ESTIMATED <br />1996 <br />1996 OVER (UNDER) 1995 <br />AMOUNT PERCENT <br />TAX CAPACITY <br />Real Estate <br />Persona! Property <br />Deduct Tax Increments <br />Deduct Contrib Fiscal Disp <br />Net Tax Capacity (to calc rate) <br />LOCAL LEVY <br />Gross Levy <br />Deduct HACA <br />TOTAL LEVY NET OF HACA <br />Deduct Fiscal Disparities <br />Net Local Levy <br />TAX CAPACITY RATES <br />General Revenue <br />PIR Infrastructure <br />Debt Service <br />HRA Building Bonds <br />Total Local Tax Capacity Rale <br />$12,780,145 $13,845,899 $1,065,754 8,34% <br />194,020 195,000 980 0.51% <br />0 0 0 0.00% <br />(319,388)(324,685)(5.297)1.66% <br />$12,654,777 $13,716,214 $1,061,437 8.39% <br />mm mm mm mm m s s s s s s : <br />$2,322,145 $2,370,819 $48,674 2.10% <br />(305.975)(289.979)15,996 - 5.23% <br />$2,016,170 $2,080,840 $64,670 3.21% <br />(48,933)(45,000)3.933 -8.04% <br />$1,967,237 $2,035,840 $68,603 3.49% <br />=========ss = = = =r = == ========== <br />12.753%12.015%-0.738%-5.79% <br />0.000%0.292%0.292%0.00% <br />1.134%1.199%0.065%5.76% <br />1.717%1.665%-0.052%-3.02% <br />15.604%14.843%-0.433%-2.78%IIItIIIIII11IIII11MW WW M mm It11IIItII11IIIIS SS = = = <br />TAX CAPACITY - The real estate and personal property tax capacity amounts <br />are reduced by any tax increments and the contribution amount to the fiscal <br />disparities to arrive at the total value of tax capacity used for calculating <br />the tax capacity rate. <br />LOCAL LE'/Y — The amount of gross tax is reduced by the state P3id HACA <br />(Homestead and Agricultural Credit Aid) and by the Fiscal Disoarities <br />distributed through the county. <br />TAX CAPACITY RATE - The net local levy amount is divided by the tax <br />capacity to arrive at a percentage or tax capacity rate. <br />taxbates <br />07/31/95 Table 4 <br />I
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