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Tax Levy, Tax Capacity, and Tax Impact
<br />The tax levy for 2017is $19,513,060;an increase of $568,340or 3.0%. 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 />$226,800that experiences a 4.8% change in valuation would see aproperty taxincrease of $26or 3.1%
<br />in their local property taxes.
<br />The following graph and table summarizes the 2017tax levy.
<br />2017 Tax Levy by Category
<br />Debt,17%
<br />Capital,12%
<br />Operations,
<br />71%
<br />$ Increase% Increase
<br />Fund / Program20162017(Decrease)(Decrease)
<br />General Fund Programs$10,771,905$11,044,390$272,4852.5%
<br />Parks & Recreation - Programs1,256,1351,288,91532,7802.6%
<br />Parks & Recreation - Maintenance1,210,6801,248,75538,0753.1%
<br />Pathways & Parking Lots Maintenance180,000245,00065,00036.1%
<br />Boulevard Landscaping60,00060,000-0.0%
<br />General Vehicle & Equipment Replacements1,426,0001,399,000(27,000)-1.9%
<br />General Facility Replacement185,000212,00027,00014.6%
<br />Park Improvement Program200,000200,000-0.0%
<br />Pavement Management Program310,000470,000160,0000.0%
<br />Street Lighting Replacement15,00015,000-0.0%
<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 />$18,944,720$19,513,060$568,3403.0%
<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. The
<br />citywide tax capacity is then applied to the proposed levy to determine the local tax rate. The citywide tax
<br />rate for 2016and 2017(estimated) is 39.445% and 38.802% respectively.
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