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Memo <br />City Council <br />2012 Proposed Final Budget and Tax Levy <br />5 <br />Pay 2012 MV 76,000� 40% <br />1.2% ffOfll 20'I 1�- rem up to 413799 � 9 <br />150,000 23,740 <br />272,800 12,688 <br />350, 000 5, 740 <br />500, 000 - <br />750.000 - <br />500,000@1.0% <br />(D - E) rem @ 1.25% <br />126,260 1,263 <br />260,112 2,601 <br />344,260 3,443 <br />500,000 5,000 <br />750,000 8,125 <br />$666.92 <br />083.33 <br />Total Change <br />Annual Increase Monthly incr. <br />$6.31 $ 0.53 <br />$25.59 $ 2.13 <br />$37.89 $ 3.16 <br />$55.16 $ 4.60 <br />$92.11 $ 7.68 <br />The following chart illustrates the total effect including the 3% increase in the levy. (This is the <br />same information shown on page one of this memo.) <br />The net effect on the residential taxpayer in 2012 will be as follows: <br />