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Tax Levy, Tax Capacity, and Tax Impact
<br />The tax levy for 2016is $18,944,720;an increase of $667,818or 3.65%. The increase in property taxes is
<br />necessaryto offset highercapital replacementand inflationary-type operational costs.
<br />With the proposed tax levy and estimated changesin the City’s tax base, amedian-valued home of
<br />$216,500that experiences no change in valuation would see aproperty taxincrease of $23or 2.7% in
<br />their local property taxes.
<br />The following graph and table summarizes the 2016tax levy.
<br />2016 Tax Levy by Category
<br />Debt,18%
<br />Capital,11%
<br />Operations,
<br />71%
<br />$ Increase% Increase
<br />Fund / Program20152016(Decrease)(Decrease)
<br />General Fund Programs$10,530,552$10,771,905$241,3532.3%
<br />Parks & Recreation - Programs1,041,9301,256,135214,20520.6%
<br />Parks & Recreation - Maintenance1,208,4201,210,6802,2600.2%
<br />Pathways & Parking Lots Maintenance155,000180,00025,00016.1%
<br />Boulevard Landscaping60,00060,000-0.0%
<br />General Vehicle & Equipment Replacements1,464,0001,426,000(38,000)-2.6%
<br />General Facility Replacement122,000185,00063,00051.6%
<br />Park Improvement Program40,000200,000160,000400.0%
<br />Pavement Management Program160,000310,000150,0000.0%
<br />Street Lighting Replacement15,00015,000-0.0%
<br />Debt Service - Street Replacement150,000-(150,000)-100.0%
<br />Debt Service - City Hall, Public Works Buidings765,000765,000-0.0%
<br />Debt Service - Ice Arena355,000355,000-0.0%
<br />Debt Service - Fire Station, Park Renewal I835,000835,000-0.0%
<br />Debt Service - Park Renewal Phase II & III1,375,0001,375,000-0.0%
<br />$18,276,902$18,944,720$667,8183.7%
<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. The
<br />citywide tax capacity is then applied to the proposed levy to determine the local tax rate. The citywide tax
<br />rate for 2015and 2016(estimated) is 38.869% and 39.920% respectively.
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