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Calculate Your Tax Capacity - <br />EXAMPLE 1 <br />Homestead Market Value $247,000: <br />1. $76,000 x 40% _ $30,400. <br />2. $171,000 ($247,000 - $76,000) x 90.0 <br />_ $15,390. <br />3. $30,400 - $15,390 = $15,010 HMVE. <br />4. $247,000 - $15,010 = $231,990. <br />5. $231,000 is the taxable market value. <br />6. $231,000 x 1% = $2,310 is the <br />taxable tax capacity. <br />Calculate Your Tax Capacity - <br />EXAMPLE 2 <br />Homestead Market Value $406,153:. <br />1. $76,000 x 40% = $30,400. <br />2. $330,153 ($406,153 - $76,000) x 9°'0 <br />_ $29,714 <br />3. $30,400 - $29,714 = $686 HEAVE <br />4. $406,153 - $686 = $405,467 <br />5. $405,467 is the taxable market value. <br />6, $405,457 x 1% = $4,055 is the <br />taxable tax capacity. <br />• <br />Calculate Your Tax Capacity - <br />EXAMPLE 3 <br />0 = $30,400. <br />x 9��❑ <br />_ $38,160 <br />Ho <br />mestead Market Value $500,000: <br />1. $76,000 x 40❑/ <br />2. $424,000 ($500,000 - $76,000) <br />3. $30,400 - $38,160 = ($7,760) or $0 <br />4. $500,000 - $0 = $500,000 <br />5. $500,000 is the taxable market value. <br />6. $500,000 x 1% _ $5,000 is the <br />taxable tax capacity. <br />11/1512011 <br />Page 12 of 50 <br />