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Memo <br />City Council <br />2012 Proposed Final Budget and Tax Levy <br />4 <br />As previously noted, you now must account for the new MVE which reduces the taxable value of <br />the City as the new program "excludes" a portion of the taxable value of qualifying homesteaded <br />property. We also use a 0% increase to calculate this effect. <br />Pay 2011 MV 76,000@.40% 500,000@1.0% (87 x G) + <br />X0.988 remupto413799@.09 (D-E� rem (8� 1.25% (612 x D) <br />Estimated T� District rate as % of total rate: '�j�/a� <br />��_��15b�b0�f 23.740 126.260 1,263 <br />12,688 I 260,112 <br />JVV VVV <br />- 750.000 <br />(87 x G) + Total Change <br />(612 x D) Annual Increase Monthlv incr. <br />$316.38 $1.16 $ 0.10 <br />$651.55 $10.22 $ 0.85 <br />$862.47 $17.54 $ 1.46 <br />$1252.50 $25.61 $ 2.13 <br />$2,035.31 $44.09 $ 3.67 <br />The net effect on the residential taxpayer 2012 will be as follows: <br />Taxable Before Legislati� Change <br />VaIU@ Impact from Market Shifts Impact from Legislati�e Chg Total Change <br />B/4 Cfedlt Annual Increase Monthly incr. Annual Increase Monthly incr. Annual Increase Monthly incr. <br />150,000 ($2.33) ($0.19) $1.17 $0.10 ($1.16) $ (0.10) <br />272,800 ($4.06) ($0.34) $14.28 $1.19 $10.22 $ 0.85 <br />350 000 $5.18 $0.43 $22.72 $1.89 $17.54 $ 1.46 <br />500 000 $10.04 $0.84 $35.65 $2.97 $25.61 $ 2.13 <br />750,000 ($13.84) ($1.15) $57.93 $4.83 $44.09 $ 3.67 <br />