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City of Roseville — 2006 Budget
<br />Tax Levy, Tax Capacity, and Tax Impact
<br />The tax levy for 2006 is $11,169,865, an increase of $531,900 or 5.0 %. The increase in property taxes
<br />will offset spending increases for inflation and new obligations.
<br />With the proposed tax levy and estimated increases in the City's tax base, an average - valued home of
<br />$185,000 that experienced a 15% valuation increase the following year, would see an increase of $52 or
<br />11.5% in their local property taxes.
<br />The following table summarizes the 2006 tax levy.
<br />General Fund
<br />$ 6,974,965
<br />$ 7,573,950
<br />$ 598,985
<br />8.6%
<br />Parks & Recreation
<br />660,000
<br />721,330
<br />61,330
<br />9.3%
<br />Parks Maintenance
<br />83 8,000
<br />863,045
<br />25,045
<br />3.0%
<br />Park Improvements
<br />150,000
<br />150,000
<br />-
<br />0.0%
<br />Pathways Maintenance
<br />140,000
<br />142,000
<br />2,000
<br />1.4%
<br />Streetscape Improvements
<br />25,000
<br />50,000
<br />25,000
<br />100.00%
<br />General Vehicle Replacement
<br />225,000
<br />44,540
<br />(180,460)
<br />(80.2)%
<br />General Debt Service
<br />1,625,000
<br />1,625,000
<br />-
<br />0.0%
<br />Total
<br />1 $ 10,637,965
<br />1 $ 11,169,865
<br />1 $ 531,900
<br />5.0
<br />The Citywide tax capacity represents the taxable property value within the City. It is determined by
<br />applying the State -wide property tax formula for each parcel, then adding each parcel's tax capacity.
<br />The citywide tax capacity is then applied to the proposed levy to determine the local tax rate.
<br />The following table summarizes the local tax rate.
<br />I Less Tax Increment Value 1 (2,474,824) 1 (2,000,000) 1
<br />Net Tax Capacity for Levy
<br />37,568,905
<br />41,000,000
<br />Net Tax Levy *
<br />9,106,465
<br />9,638,365
<br />Local Tax Rate 24.239%1 23.508 %J
<br />* Less fiscal disparity distribution.
<br />To determine an individual property's tax, the local tax rate is applied to the property's net tax capacity.
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