1998 Residential Survey - Laserfiche WebLink

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residents. City Tax Policies Kesidents were told: Currently, the Ciry:s share nf the J�ropertv ta.0 does' not increase higher than the rate of inflation euch year. A one percent increase ubove inflatton wnuld cast un owner of �the rypical SI00, 000 home about ZO cents per month in additional J�roperty tuxes, and wnuld produce an additional5'63, (J00 in general revenue. They were then asked: If an addztional revenue increase were needed beyond the rate of inflation to expand or im�rove hasic city services, how much wnuld you be willing to .see your property taxes increase per month for this purpose? The typical Koseville residcnt was willing to support a monthly tax increase of $2.55 beyond the rate of inflation: NOTHING .. ... .... .......... .._............ lb% $1.0� ._....... . . ........... ................. S% $2.00 .................. ..... .... .... I9% $3.00 .................... ....... ............... 10% $4.00 ... ..... ..... .........,.. .. 6% $5.00 .......................... ........... .. 16% $6.00 .............. . ............... 5% $7.00 ........ ............... ................. 6% DON'T KNOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14% REFUSED......... ................. ............... 1% T1qis level of additional ta�tes would gencrate totai revenues of approximately $790,000 annually. "Nothing" was offered by city residents for over twenty years, households containing seniors, over sixty-five year olds and Precincts One, Two and Three residents. "$1.00" was mentioned by non-college graduates, while "$2.00" was cited by eighteen to Torty-four year olds, renters, under $50,000 annual income households and Precincts Four, Five, Six and 5even residents. "$3.00" was reported by non-college graduates, while "$4.00" was seleeted by city residenis for five years or less and men. "$5,00" was suggested by forty-five to sixty-four year olds and over $50,000.0{) annual income r�ouseholds. "$6.00" was stated by househoids conEaining children, owners of homes valued at $100,000.00 to $150,000.00, over $50,OOO.QO annual income households and residents who feel the quality of life is excellent. "$7.00" was reported by households contairaing children and college graduates. 47