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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 />Classification <br />Est. Mkt. Value <br />% of EMV <br />RESIDENTIAL: <br />Homestead <br />First $76,000 <br />1,00% <br />Over $76,000 <br />1.65% <br />Non -Homestead <br />First $76,000 <br />1.20% <br />Over $76,000 <br />1,65% <br />AGRICULTURAL <br />LAND: <br />Homestead <br />First $115,000 <br />0.35% <br />$115,000-$600,000 <br />0.80% <br />Over $600,000 <br />1.20% <br />Non -Homestead <br />100% of EMV <br />1.00% <br />COMMERCIAL 1 <br />{ 4DUSTRIAL <br />First $150,000 <br />2.40% <br />Over $150,000 <br />3A0% <br />2002--2020 Net Tax CapacitV <br />Est. Mkt. Value % of EMV <br />First $500,000 1.00% <br />Over $500,000 1.25% <br />First $500,000 1.00% <br />Over $500,000 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 />C[TY PROPERTY TAXES <br />(no change in ESTIMATED market value) <br />$2 ,500 52 ?1275 S2.319 <br />, <br />$2.000 S1 351 1 5182.W <br />?85 <br />515$'�1.56 <br />$141fi30�3A4 419 I <br />$1,500 51.2A 32 <br />$1.000 5��59335952597G 597�101 { �. <br />4 <br />5665�i95 I p <br />5519 S501$5115521 f <br />$5005357537 <br />I <br />R0 <br />$150.0001$126.260 $250.000.$235260 $350,0001$344.260 $450,0W/$450,000 $550:0001$550.ow <br />TAXABLE MARKET VALUE <br />MACTUAL 2015 !ACTUAL 2016 OACTUAL 2017 aACTUAL 201E OACT UAL 2019 ACTUAL 2020 <br />67 <br />