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-y CITY OF GEM LAKE
<br />'ROPERTY TAX CALCULATION - NO VALUE INCREASE FOR PAYABLE 201C
<br />CITY
<br />PROPERTY TAXES
<br />MARKET VALUE $150,000 $250,000 $350,000 $450,000 $550,000
<br />THE 1ST $500,000 AT 1 % $1,500 $2,500. $3,500. $4,500 $5,500
<br />BALANCE AT 1.25% $0 $0. $0 $0 $0
<br />TAX CAPACITY $1,500 $2,5.00 $3,500 $4,500 $5,500
<br />PRELIMINARY CITY TAX RATE 39.286% 39.286% 39.286% 39.286% 39.286%
<br />PROPERTY TAXES ON CAPACITY $5.89 $982 $1,375 $1.,768 $2,161
<br />MARKET VALUE RATE 0.00000% 0.00000% 0,00000% 0.00000% 0.00000%
<br />PROPERTY TAXES ON MARKET VALUE $0 $0. $0 $0 $0
<br />PROPERTY TAXES $589 $982 $1,375 $1,768 $2,161
<br />CITY
<br />PROPERTY TAXES
<br />MARKET VALUES
<br />$2,500
<br />$2,000.
<br />.$1,500
<br />$1,000
<br />$500
<br />$0
<br />$593
<br />5579
<br />HISTORICAL PROPERTY TAX COMPARISION
<br />$150,000 $250,000 $350,000 $450,000 $550,000
<br />ACTUAL 2005 $352 $587 $822 $1,057 $1.,292
<br />ACTUAL 2006. $408 $681 $953 $1,225 $1,497
<br />ACTUAL 2007 $593 $989 $1,385 $1,780 $2,176
<br />ACTUAL 2008 $579 $965 $1,351 $1,737 $2,123
<br />ACTUAL 2009 $534 $889. $1,245 $1,601. $1,957
<br />PRELIMINARY 2010 $589 $982 $1,375 $1,768 $2,161
<br />$534
<br />$150,000
<br />$589
<br />% INCREASE 10.354% 10,478% 10.443% 10.423% 10.410%
<br />CITY PROPERTY TAXES
<br />$959 .5965 .$982
<br />5589
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<br />$250,000
<br />$1'385:$1.351 $1,375
<br />$1,245
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<br />$350,000
<br />MARKET VALUE
<br />$1,780 $1737
<br />51,60
<br />4,4
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<br />$64,
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<br />$450,000
<br />$1,768
<br />FACTUAL 2007 ❑ACTUAL 2008 ❑ACTUAL 2009 0 PRELIMINARY20101
<br />$2,176 $2,161
<br />$2,123
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<br />494
<br />4,44
<br />957
<br />$550,o00
<br />
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