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<br />Fwd: Impact on residential taxpayers of an increase in th... <br /> <br />The increase can be shown as follows: <br /> <br />Value of Rome 2004 City Taxes 2004 City Taxes w. $1M increase <br />125,000 $ 331 $ 367 <br />150,000 397 441 <br />175,000 463 514 <br />200,000 529 587 <br />225,000 596 661 <br /> <br />With a levy increase of$500,000, the overall impact would be 5% (holding all <br />other factors constant). We expect to submit the City's preliminary budget to the <br />Council by July 10,2004. The recommended 2005 levy will be included along with the <br />estimated tax impact. <br /> <br />Chris <br /> <br />-----Original Message----- <br />From: ESANDS2612@aol.com [mailto:ESANDS2612@aol.com] <br />Sent: Friday, June 18, 2004 12:56 PM <br />To: chris.miller@cLroseville.mn.us <br />Cc: neal.beets@ci.roseville.mn.us <br />Subject: Impact on residential taxpayers of an increase in the levy <br /> <br />Chris, I would like to know what the impact of a million dollar increase in the city's <br />levy (over the existina 2004 Jew) would be on the average homeowner in <br />Roseville. I assume a $500,000 increase would be about proportionately half, <br />and a two million bump would be twice that of the million. Is that about right? <br /> <br />3of4 <br /> <br />6/21/2004 11 :25 AM <br />