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Actual Estimated **Actual Estimated Actual Estimated Actual Estimated <br />2012 2013 2012 2013 2012 2013 2012 2013 <br />Value $250,000 $247,500 $500,000 $495,000 $1,000,000 $990,000 $2,000,000 $1,980,000 <br />MVE $14,740 $14,965 $0 $0 $0 <br />Tax Value $235,260 $232,535 $500,000 $495,000 $1,000,000 $990,000 $2,000,000 $1,980,000 <br />2,353 2,325 5,000 4,950 11,250 11,125 23,750 23,500 <br />17.667%17.817%17.667%17.817%17.667%17.817%17.667%17.817% <br />$415.70 $414.25 $883.35 $881.94 $1,987.54 $1,982.14 $4,195.91 $4,187.00 <br />-$1.46 -$1.41 -$5.40 -$8.92 <br />-0.35%-0.16%-0.27%-0.21% <br /> <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 7.0% decrease in value <br /> <br />% Increase from 2012 <br />Effect of 2014 Tax Levy & Budget on Residential Properties <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2012 <br />1.0% Decrease in Value <br />Item #04 - CC Agenda - 09/09/2013 <br />Presentation - Preliminary 2014 Budget and Tax Levy <br />[Page 9 of 68]