|
$2,000
<br />$1,800
<br />$1,600
<br />$1,400
<br />$1200
<br />$1,000
<br />$800
<br />$600
<br />$400
<br />$200
<br />$0
<br />CITY PROPERTY TAXES
<br />(12.0%decrease in ESTIMATED market value)
<br />$1 SU,0004113,t1 11 $250,000/$214,278 $350,0004314,885 $450,000/$415,350 $550,000/$507,650
<br />TAXABLE MARKET VALUE
<br />EACTUAL2010 MACTUAL2011 MACTUAL2012 BACTUAL2013 EPROPOSED 2014
<br />CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES
<br />Final
<br />2011 2012 2013 2014
<br />GENRALLEVY 268,234 222,172 204,242 180,119
<br />DEBT LEVY
<br />GENERALDEBTLEVY
<br />0
<br />0
<br />0
<br />0
<br />CAPITAL IMPROV. PLAN BONDS
<br />52,000
<br />51,300
<br />50,700
<br />50,100
<br />20141MPROV. (ANNEXATION) BONDS
<br />0
<br />TOTALDEBTLEVY
<br />52,000
<br />51,300
<br />50,700
<br />50,100
<br />TOTAL PROPERTY TAX LEVY
<br />320,234
<br />273,472
<br />254,942
<br />230,219
<br />LESS: FISCAL DISPARITIES
<br />5,549
<br />4,636
<br />5,394
<br />NET PROPERTY TAXES
<br />320,234
<br />267,923
<br />250,306
<br />224,825
<br />% CHANGE
<br />-19.10%
<br />-16.34%
<br />-31.30%
<br />-10.18%
<br />TAX CAPACITY
<br />TAX RATE
<br />MEDIAN VALUE HOME
<br />TAX CAPACITY
<br />CITY TAXES
<br />1,101,546 1,022,048 912,518 848,243
<br />29.071% 26.214% 27.430% 26.505%
<br />62
<br />247,000 228,100 200,800
<br />2,470 2,281 2,008
<br />$647.49 $625.68 $532.22
<br />
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