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---CITY OF GEM LAKE
<br />'ROPERTY TAX CALCULATION - WITH 4.60% VALUE DECREASE FOR PAYABLE 2010.
<br />CITY
<br />PROPERTY TAXES
<br />MARKET VALUE $143,100 $238,500 $333,900 $429,300 $524,700
<br />THE 1ST $500,000AT 1% $1,431 $2,385. $3,339 $4,293 $5,247
<br />BALANCE AT 1.25% $0 $0 $0 $0 $0
<br />TAX CAPACITY $1,431 $2,385 $3,339. $.4,293 $5,247
<br />PRELIMINARY CITY TAX RATE 39.286% 39.286% 39.286% 39.286% 39.286%
<br />PROPERTY TAXES ON CAPACITY $562 $937 $1,312 $1,687 $2,061
<br />MARKET VALUE RATE 0.00000% 0.00000% 0,000.00% 0.00000% 0.00000%
<br />PROPERTY TAXES ON MARKET VALUE $0 $0 $0 $0 $0
<br />PROPERTY TAXES $562 $937 $1,312 $1,687 $2,061
<br />CITY HISTORICAL PROPERTY TAX COMPARISION
<br />PROPERTY TAXES
<br />MARKET VALUES. $150,000 .$250,000 $350.,000 $450,000 $550,000
<br />4,6% ❑ECREASE. MARKET VALUES $143,100 $238,500.. $333,900 $429,300 $524,700
<br />ACTUAL 2005 :$352 $58.7 $$22 $1,057 $.1,292
<br />ACTUAL 2006 $408 $681 $953 $1,225 $1,497
<br />ACTUAL 2007 $593 $989 $1,385 $1,780 $2,176
<br />ACTUAL 2008: $579 •$965 $1,351 $1,737 .$2,123
<br />ACTUAL 2009 $534 $889 $1,245 $1,601 $1,957
<br />PRELIMINARY 2010 $562 $937 $1,3.12 $1,687 $2,06.1
<br />$2,500
<br />$2,000.
<br />:$1;500
<br />$1.,000 +
<br />$593. $579' .$$34 5562
<br />$50.0. t•
<br />$0.
<br />$143,100
<br />%INCREASE
<br />5.278% 5.396% 5;362% 5.343% 5:331 %
<br />CITY PROPERTY TAXES
<br />52.176 $2,123
<br />596.9: $965
<br />5869 $937
<br />$238,500
<br />.$1,365 $1,351
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<br />$1.,245 $1,312
<br />$333,900
<br />MARKET VALUE
<br />51.760 $1.737
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<br />$1,601
<br />$429,300
<br />$t,667
<br />LIS ACTUAL 2007 13ACFUAL 2008.°ACTUAL 2009 Si PRELIMINARY 20101
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<br />$1,957
<br />$.524,700
<br />$2,06.1
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