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Memo <br />City Council <br />2012 Proposed Preliminary Budget and Tax Levy <br />4 <br />As previously noted, you now must no�v account for the new MVE which reduces the taxable <br />�a�ue of the Ciry as the new prograz�n "e�cludes" a portion of the taxable value of qualifying <br />�omesteaded property. We also use a 0% zncrease to calculate this effect. <br />Pay 2011 MV 76,OOP�.40% <br />X0,988 �amuplo413�3s�na {D-E} <br />Estimated Yax District rate as °/a of rotal rate; <br />`:150,000 23,744 '[26,254 <br />" 272:800 '[2.688 2B4.112 <br />sao,000c�i.o i� ;e� x cs+ � {e� x cr � <br />rem � 1.25°h {812 z 0) {B12 x D} <br />N!A <br />6.38 <br />7 <br />The net effect on the residential taxpayer 2012 will be as follows: <br />Tatal Change <br />Annual Increase Monthly incr. <br />i$1.i6) $ i0.10) <br />$10.22 $ 0.85 <br />$17.54 $ 4.46 <br />$25.61 $ 2.13 <br />$44.09 $ 3.67 <br />Taxable Sefone Legislative Change <br />Val�@ Impact from Maricef Shifts Impacl from Legislative Chg Total Change <br />B14 Credit Annua! Increase Monthly iner. Annuaf Increase Monthlv incr. Annual Inerease Monthly incr. <br />150,000 ($2.33) ($0.19) $1.17 $Q.'10 ($1.16) $ {0.14) <br />272,800 ($4.06) {$0.34) $�4.2$ $�.19 $1Q.22 $ 0.85 <br />350,000 $5.�8 $0.43 $22.72 $4.89 $1'7.54 $ 1.46 <br />5Q0 ODO $10.Q4 $0.84 $35.65 $2.97 $25.61 $ 2.13 <br />7'50,000 ($13.84) ($1.15} $57.93 $4.$3 $44.09 $ 3.67 <br />