Laserfiche WebLink
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 S76,000 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 />INDUSTRI <br />2002-2019 Net Tax Capacity <br />Est. Mkt. Value % of EMV <br />First $500,000 <br />Over $500,000 <br />First $500,000 <br />Over $500,000 <br />1.00% <br />1.25% <br />1.00% <br />1.25% <br />First $600,000 0.55% <br />Over $600,000 1.00% <br />100% of EMV 1.00% <br />AL First $150,000 2.40% First $150,000 <br />Over $150,000 3.40% Over $150,000 <br />CITY PROPERTY TAXES <br />(no change in ESTIMATED market value) <br />$2 ,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$0 <br />1.50% <br />2.00% <br />a»u,uuu/.�Tzb,zbu $250,000/$235,260 $350,000/$344,260 $450,0001450,000 $550,000/$550,000 <br />TAXABLE MARKET VALUE <br />OACTUAL 2013 §ACTUAL 2014 OACTUAL 2015 GACTUAL 2016 OACTUAL 2011 Proposed 2018 <br />67 <br />