Laserfiche WebLink
STATUTORY FORMULAE CONVERSION OF ESTIMATED MARKET VALUE [EMV] TO NET TAX <br />CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS <br />General <br />2001 Net Tax Capacity <br />2002-2016 Net Tax Capacity <br />Classification <br />Est, Mkt. Value <br />% of EMV <br />Est. Mkt. Value <br />% of EMV <br />RESIDENTIAL: <br />Homestead <br />First $76,000 <br />1.00% <br />First $500,000 <br />1.00% <br />Over $76,000 <br />1.65% <br />Over $500,000 <br />1.25% <br />Non -Homestead <br />First $76,000 <br />1.20% <br />First $500,000 <br />1.00% <br />Over $76,000 <br />1.65% <br />Over $500,000 <br />1.25% <br />AGRICULTURAL <br />LAND: <br />Homestead <br />First $115,000 <br />0.35% <br />First $600,000 <br />0.55% <br />$115,000-$600,000 <br />0.80% <br />Over $600,000 <br />1.00% <br />Over $600,000 <br />1.20% <br />Non -Homestead <br />100% of EMV <br />1,00% <br />100% of EMV <br />1.00% <br />COMMERCIAL 1 <br />INDUSTRIAL <br />First $150,000 <br />2.40% <br />First $150,000 <br />1.50% <br />Over $150,000 <br />3.40% <br />Over $150,000 <br />2.00% <br />CITY PROPERTY TAXES <br />(no change in ESTIMATED market value) <br />$1,800 <br />�i.ss1 <br />$1,600 <br />57.554 51. E9 <br />1,49 <br />1�1,64 <br />.47 <br />$1,400 <br />51,279 S7.j41 <br />• <br />1.18 12 <br />$1,200 <br />$1,000 <br />S995 101& <br />902559145913� ' <br />$800 <br />5711 <br />; 4 <br />8175645S625S6555695 <br />$600 <br />+ <br />+ <br />$400 <br />5425 5346$336$3575373 i <br />307 * <br />} <br />► ♦ <br />♦ • <br />$0 <br />• <br />$150,0004126,260 $250DO04235,260 $350,0001$344,260 $450,0001$450,000 <br />$550,000/$550;000 <br />TAXABLE MARKET VALUE <br />oACTUAL2011 CACTUAL2012 CACTUAL2013 MACTUAL2014 CACTUAL2016 <br />ACTUAL201S <br />61 <br />