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Merno <br />City Council <br />20I2 �'roposed Prelim�nary Sudget and Tax Levy <br />4 <br />As previously noted, you now must novcr account for the new MVE which reduces the t�able <br />value of the Ci�y as the new prograrn "exctudes" a portion of the taxabte value of quaIifying <br />homesteaded property. (The following is the sanc�.e information shawn on page one of this <br />mema.} <br />Pay 2011 M V 76,000(�.46% � 500,000@1.9 % {87 x G� + <br />7C0.988 rcmuplo453799�.09 (D-EJ IQfi1(7�1.2$°/a (B12xL7) <br />Eslimated T� I.Hstrict rate as % af total rate: -'.' �fA'�:'f <br />150;OOD 23,740 128,260 1.263 <br />272;8�; 12.fi88 284.112 2.641 <br />��sn nnn <br />(B7xG)+ <br />(812 X O] <br />The net effect on the residen�ial taacpayer 2412 will be as follows: <br />.55 <br />Total Change <br />Annual Irtcrease Monihly ir7c�. <br />$30.22 $ 0.85 <br />$17.54 $ 'l.46 <br />$25.6i $ 2.13 <br />$44.09 $ 3.67 <br />Tax�bie Before Legislati+� Change <br />VaIUB Impact from Maricet SMifts [mpact from Legislati�e Chg TotaE Change <br />B/4 Credit A��uxl lncrease Monthly incr. Annua� Increase Monthly incr. Annuaf Increase Manthly incr. <br />950;OOfl ($2.33) �$0_39) $1.'[7 $0.10 ($�.i6} $ {0.1Q) <br />272,800 {$4.�G} ($0.34} $74.28 $i.19 $10.22 $ U.85 <br />350,000 $5.'f 8 $0.43 $22.72 $'� .89 $17.54 $ 1.46 <br />5Q{1,U00 $10.fl4 $D.84 $35.85 $2.97 $25.67 $ 2.73 <br />754,U00 {$13.84} {$7.15} $57.93 $4.83 $44.09 $ 3.67 <br />4 <br />