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Levy Increase <br />Tax Capacity (N <br />Tax Capacity R, <br />Net City Tax <br />$ Increase from <br />% Increase frorr <br />Effect of 2018 Tax Levy & Budget on Residential Properties <br />No Change in Value <br />Tax Capacity (net) = 1 % of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes no change in value <br />Actual <br />Estimated <br />Actual <br />Estimated <br />Actual <br />Estimated <br />Actual <br />Estimated <br />2017 <br />2018 <br />2017 <br />2018 <br />2017 <br />2018 <br />2017 <br />2018 <br />Value <br />$250,000 <br />$250,000 <br />$500,000 <br />$500,000 <br />$1,000,000 <br />$1,000,000 <br />$2,000,000 <br />$2,000,000 <br />MVE <br />$14,740 <br />$14,740 <br />$0 <br />$0 <br />$0 <br />Tax Value <br />$235,260 <br />$235,260 <br />$500,000 <br />$500,000 <br />$1,000,000 <br />$1,000,0001 <br />$2,000,000 <br />$2,000,000 <br />6.74% <br />6.74% <br />6.74% <br />6.74% <br />et) <br />2,353 <br />2,353 <br />5,000 <br />5,000 <br />11,250 <br />11,250 <br />23,750 <br />23,750 <br />ite <br />16.844% <br />16.882% <br />16.844% <br />16.882% <br />16.844% <br />16.882% <br />16.844% <br />16.882% <br />$396.34 <br />$397.22 <br />$842.20 <br />$844.08 <br />$1,894.95 <br />$1,899.18 <br />$4,000.45 <br />$4,009.38 <br />2017 <br />$0.88 <br />$1.88 <br />$4.23 <br />$8.93 <br />12017 <br />0.22% <br />0.22% <br />0.22% <br />0.22% <br />Tax Capacity (net) = 1 % of first $500,000 market value, plus 1.25% of all value over $500,000 <br />** Assumes no change in value <br />