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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 $252,500 $500,000 $505,000 $1,000,000 $1,010,000 $2,000,000 $2,020,000 <br />MVE $14,740 $14,515 $0 $0 $0 <br />Tax Value $235,260 $237,985 $500,000 $505,000 $1,000,000 $1,010,000 $2,000,000 $2,020,000 <br />2,353 2,380 5,000 5,063 11,250 11,375 23,750 24,000 <br />17.667%17.817%17.667%17.817%17.667%17.817%17.667%17.817% <br />$415.70 $424.04 $883.35 $901.99 $1,987.54 $2,026.68 $4,195.91 $4,276.08 <br />$8.34 $18.64 $39.15 $80.17 <br />2.01%2.11%1.97%1.91% <br /> <br /> <br />* Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes a 7.0% decrease in value <br /> <br />% Increase from 2012 <br />Effect of 2014 Tax Levy & Budget on Residential Properties <br />1.0% Increase in Value <br />Tax Capacity (Net) * <br />Tax Capacity Rate <br />Net City Tax <br />$ Increase from 2012 <br />Item #04 - CC Agenda - 09/09/2013 <br />Presentation - Preliminary 2014 Budget and Tax Levy <br />[Page 11 of 68]