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<br />~ <br /> <br />Column A-Any town <br />This is the name of your city <br /> <br />Column B-2500,OOO <br /> <br />This is the 2000 value used for identifying homesteads in your city that were above this <br />hurdle number. This hurdle number was the result of multiplying the base value (see above <br />for the definition of the base value) times the CPI change from 1995 to 2000 <br /> <br />Column C-255,736 <br /> <br />This is the 200 I value used for identifying homesteads in your city that were above this <br />hurdle number. It is exactly like Column B, except the CPI change is now from 1995 to <br />2001. <br /> <br />Column D-200,OOO <br /> <br />This is the 1995 sum of all houses having values above the base value. It represents only <br />those houses that were above the base value, and reflects only the amount left over after <br />subtracting the base value from each house valuation. For example: If a high priced house <br />had a value of $ 240,000 and the base value for the city was $ 235,000, then that high <br />priced house had an excess of 5,000 (240,000 - 235,000 = 5,000). This original amount <br />does not change. This original figure is used as the basis to determine if you city has had <br />any growth in high priced homes since 1995. <br /> <br />Column E-250,OOO <br /> <br />This is the 2000 sum of the high priced homes having values above the current hurdle rate <br />found in Column C. Like Column D, it represents only the excess amounts not the entire <br />home value. <br /> <br />Column F-50,OOO <br /> <br />Quite simply this is Column E minus Column D. If your city has added higher priced <br />homes since 1995 you should have a balance in this column. If you city has not seen an <br />increase in the higher priced homes since 1995 there should be no balance in this column. <br />There is no negative balance in this column. All negative values become zero. This <br />number is the basis for all subsequent calculations on this form. <br /> <br />Column G-12,500.00 <br /> <br />This number is your increased growth in higher priced homes (Column F) multiplied by <br />you city's local tax rate (Column K). It represents the extra property taxes received by <br />your city on the higher priced homes identified in Column E. <br /> <br />T _ -r-~- -- -T-- <br />