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STATUTORY FORMULAE CONVERSION OF ESTIMATED MARKET VALUE (EMV) TO NET TAX <br />CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS <br />General 2001 Net Tax Capacity <br />Classification Est. Mkt. Value % of EMV <br />RESIDENTIAL <br />Homestead First $76,000 1.00% <br />Over $76,000 1.65% <br />Non -Homestead First $76,000 1.20% <br />Over $76,000 1.65% <br />AGRICULTURAL <br />LAND: <br />Homestead First $115,000 0.35% <br />$115,0004600,000 0.80% <br />Over $600,000 1.20% <br />Non -Homestead 100% of EMV 1.00% <br />COMMERCIAL / <br />INDUSTRIAL First $150,000 2.40% <br />Over $150,000 3.40% <br />2002-2014 Net Tax Capacity <br />Est. Mkt. Value % of EMV <br />First $500,000 <br />1.00% <br />Over $500,000 <br />1.25% <br />First $500,000 <br />1.00% <br />Over $500,000 <br />1.25% <br />First $600,000 0.55% <br />Over $600,000 1.00% <br />100% of EMV 1.00% <br />First $150,000 1,50% <br />Over $150,000 2,00% <br />CITY PROPERTY TAXES <br />(no change in ESTIMATED market value) <br />$2.000 <br />$1.942 <br />$1,800 <br />$1,600 <br />$1.507 <br />1,543 57,569 <br />1. 1,47 S1, <br />$1,400 <br />,.279 55i 234 S, 14?71 <br />1.180 <br />+ <br />'+ <br />$1200 <br />S1,172 + <br />$1,000 <br />$973 <br />995 9025491+1 <br />4 <br />♦� <br />$837 <br />♦♦ 0 <br />♦♦ <br />$800 <br />711 <br />$645 $665 ♦ + <br />• <br />617 5625 * + <br />+ <br />e <br />$800 <br />5502 <br />++ <br />+ <br />; <br />$400 <br />307$346S335 5357 <br />♦s <br />♦♦ <br />♦ ♦� <br />+♦ ♦ <br />♦♦ <br />e <br />+♦ <br />♦ + <br />$200 <br />♦ <br />♦ <br />♦ ♦. <br />$0 <br />♦ <br />♦♦ <br />♦ +i <br />$150,0001$126,260 <br />$250,000/$235,260 $350,000/$344,260 $450,000f$450,000 <br />$550,0007$550,000 <br />TAXABLE MARKET VALUE <br />MACTUAL2010 <br />DACTUAL2011 DACTUAL2012 PACTUAL2013 DACTUAL2014 •PROPOSED2015 <br />67 <br />