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City of Roseville — 2009 Budget <br />Tax Levy, Tax Capacity, and Tax Impact <br />The tax levy for 2009 is $13,138,860, an increase of $242,500 or 1.9 %. The increase in property taxes <br />will help offset spending increases for wages, healthcare, and general inflation. <br />With the proposed tax levy and estimated changes in the City's tax base, an average - valued home of <br />$235,000 would see an increase of $32 or 5.9% in their local property taxes, holding all other factors <br />constant (i.e. with no valuation increase). Many homes in Roseville however, will see a decline in <br />property taxes due to lower valuations. <br />The following table summarizes the 2009 tax levy. <br />Program or Service <br />General Fund <br />2008 <br />Actual Levy <br />$ 898549025 <br />2009 <br />Actual Levy <br />$ 899109360 <br />$ Increase <br />(decrease) <br />$569335 <br />% Increase <br />(decrease) <br />0.6 % <br />Parks & Recreation <br />8329335 <br />9269560 <br />949222 <br />11.3 % <br />Parks Maintenance <br />9559000 <br />9319940 <br />(23,060) <br />(2.4)% <br />Park Improvements <br />2159000 <br />2159000 <br />- <br />0.0% <br />Pathways Maintenance <br />1409000 <br />1409000 <br />- <br />0.0% <br />Streetscape Improvements <br />609000 <br />609000 <br />- <br />0.0%_ <br />General Vehicle Replacement <br />1409000 <br />- <br />(140,000) <br />(100.0)% <br />Building Replacement <br />259000 <br />259000 <br />- <br />0.0% <br />IT Systems <br />509000 <br />509000 <br />- <br />0.0% <br />Debt Service — General <br />196259000 <br />196259000 <br />- <br />0.0% <br />Debt Service - Arena <br />- <br />2559000 <br />2559000 <br />n/a <br />Total <br />$ 1298969360 <br />$ 1391389860 <br />$2429500 <br />1.9 % <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. The <br />citywide tax rate for 2008 and 2009 (estimated) is 23.380% and 24.758% respectively. <br />To determine an individual property's tax, the local tax rate is applied to the property's net tax capacity. <br />For example, a $235,000 home has a tax capacity of 2,350 (235,000 multiplied by 1% - the Statewide <br />tax formula for homestead property). This tax capacity figure is then multiplied by the local tax rate. <br />2,350 x.24758 = $582 <br />In 2009 a $235,000 home will pay an estimated $582 in city taxes. A similar calculation for other <br />property valuations is shown in the tables below. <br />10 <br />