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.C.ity's Proposed 2010 Tax Rate <br />33.437% <br />L111At P.T3 •20iO ARO PROP..03E11.201U TAY,RATE <br />How to. Calculate your Property Taxes <br />0 Taxes based on Tax Capacity: <br />*Multiply the jst $500,000 of market <br />value by 1%. <br />*Multiply any market value above <br />$500,000 by 1.25%. <br />•Add the two together. For your property's. <br />tax capacity. <br />■Multiply the tax capacity by 35.57880/0. <br />• Equals the tax based on tax. capacity. <br />Page of46 <br />