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community. <br />An HI A levy is important to help supplement and capitalize on existing housing programs. <br />By having a dedicated stream of funds for housing, the HRA can add to and take <br />advantage of the existing housing progr n-m without depleting the limited fund balance. <br />This provides a more stable level of dousing support for the community now and into the <br />future. <br />The levy world provide the necessary funds to continue to provide housing services such <br />as the HousingResource Center, housing loans, cleaning up distressed properties, <br />studying demographic trends, developing first fame buyer options,, etc. In a time when state <br />resources are reducing, local communities must take a more active role in assuring that <br />adequate resources are provided to achieve the same level of service and reinvestment. <br />This relatively small cost to the taxpayer would provide that reinvestment into the <br />community to ensure that housing values are stable and neighborhoods remain strong. <br />mat impact immil the NRA Levy have on Roseville residents? <br />A new lever will increase the taxpayer's property takes. However, that increase should be viewed <br />as a small investment into the community to help ensure that property and neighborhoods are <br />being protected from blight which in turn creates decrease values and potentially increased crime. <br />Not all residents are responsible land owners either because they do not have the desire or <br />capacity. This has a direct affect upon those property owners that are responsible. The levy funds <br />would be used to improve property and address areas that are experiencing deferred <br />maintenance. <br />The maximum HRA levy is equal to .0144 percent of taxable market value (Roseville 2003 = $3.42 <br />billion), which would equal approximately $493,000 annually using 2003 taxable market value. <br />Using the average assessed value for single family homes in Roseville of $194,256, the average <br />annual city tax is $499. If are HRA levy was initiated as part of the 2004 budget process the <br />estimated increase in the average city tax would be $28 ( per month) independent of all <br />other offsetting factors. The other offsetting factors that can occur would likely lessen the <br />impact to the average homeowner such as the over-all increase in the ci ide market value <br />and City general fund budget <br />A summary of how the H A levy would affect various Roseville homeowners is shown below <br />based upon a range of 2003 assessed market values for single family horns i <br />