|
$3.500
<br />$3 000
<br />$2.500
<br />$2,000
<br />$1 .500
<br />$1 000
<br />$500
<br />$0
<br />CITY PROPERTY TAXES
<br />(8 1% Increase 1n ESTIMATED market value)
<br />$2 833 53 171
<br />53.302
<br />$140.712 $234,520
<br />$328.328
<br />TAXABLE MARKET VALUE
<br />$422,136
<br />$515,944
<br />oACTUAL 2017 oACTUAL 2018
<br />oACTUAL 2019
<br />oACTUAL 2020
<br />• PROPOSED 2021
<br />CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES
<br />2018
<br />2019
<br />2020
<br />2021
<br />Final
<br />Final
<br />Final
<br />Final
<br />Levy
<br />Levy
<br />Levy
<br />Levy
<br />GENRAL LEVY
<br />369,252
<br />395,988
<br />451,088
<br />445,535
<br />DEBT LEVY. -
<br />GENERAL DEBT LEVY
<br />0
<br />0
<br />0
<br />0
<br />CAPITAL IMPROV. PLAN BONDS
<br />84,399
<br />77,989
<br />75,918
<br />80,876
<br />2016 IMPROVEMENT BONDS
<br />0
<br />0
<br />0
<br />0
<br />2018 IMPROVEMENT BONDS
<br />0
<br />612
<br />3,792
<br />9,065
<br />TOTAL DEBT LEVY
<br />84,399
<br />78,601
<br />79,710
<br />89,941
<br />TOTAL PROPERTY TAX LEVY
<br />453,651
<br />474,589
<br />530,798
<br />535,476
<br />LESS: FISCAL DISPARITIES
<br />9,953
<br />14,179
<br />13,179
<br />14,735
<br />NET PROPERTY TAXES
<br />443,698
<br />460,410
<br />517,619
<br />520,741
<br />% CHANGE
<br />-11.98%
<br />-0.42%
<br />12.43%
<br />-7.77%
<br />TAX CAPACITY
<br />1,128,008
<br />1,143,753
<br />1,256,075
<br />1,436,565
<br />TAX RATE
<br />39.335%
<br />40.254%
<br />41.289%
<br />36.249%
<br />MEDIAN VALUE HOME
<br />262,850
<br />283,800
<br />310,600
<br />335,850
<br />TAXABLE MEDIAN VALUE HOME
<br />246,034
<br />265,098
<br />289,486
<br />312,464
<br />TAXABLE TAX CAPACITY
<br />2,460
<br />2,651
<br />2,895
<br />3,125
<br />CITY TAXES
<br />$967.76
<br />$1,06T13
<br />$1,195.26
<br />$1,132.65
<br />68
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