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Scenerio 1 (tax rate 48.50%)
<br /> 45.72 48.500 MV 'NV
<br />Property Value Tax Capacity Tax Capacity Rate Credit Exclusion Total Estimated Tax Dollar Percent
<br />2011 2012 2011 2012 2011 2012 2011 2x12 2011 2012 thane than e
<br />200,000 188,000 2,000 1,677 914.40 813.25 $ (62.61) 20,320 $ 851.79 $ 813.25 $ (38.55) -4.53%
<br />Scenerio 2 (tax rate 50.00%)
<br />Property Value
<br />2011 2012 201
<br />200,000 188,000 2
<br />Scenerio 4 (same tax rate as
<br />Property Value
<br />2011 2012 201
<br />200,000 188,000 2
<br />Scenerio 5 (tax rate 48.56%)
<br /> 45.72 50.000 MV MV
<br /> Tax Capacity Tax Capacity Rate Credit Exclusion Total Esti mated Tax Dollar Percent
<br /> 1 2012 2011 2012 2011 2012 2011 2012 change than e
<br /> ,000 1,677 914.40 838.40 $ (62.61) 20,320 $ 851.79 $ 838.40 $ (13.39) -1.57%
<br />
<br />
<br />201145.72%)
<br /> 45.72 45.720 MV
<br /> Tax Capacity Tax Capacity Rate Credit _._ _ Total Esti mated Tax Dollar Percent
<br /> 1 2012 2011 2012 2011 2011 2012 change change
<br /> ,000 1,677 914.40 766.63 $ (62.61) 20,320 $ 851.79 $ 766.63 5 (85.16) -10.00%
<br />Property Value Tax Capacity
<br />2011 2012 2011 2012
<br />200,000 188,000 2,000 1,677
<br />225,000 211,500 2,250 1,933
<br />250,000 235,000 2,500 2,189
<br />45.72 48.560
<br />Tax Capacity Rate
<br />2011 2012
<br />914.40. 814.25
<br />1,028.70 938.64
<br />1,143.00 1,063.03
<br />1, 257.30 1,187.41
<br />1, 371.60 1,311.80
<br />MV
<br />Credit
<br />2011
<br />$ (62.61) 20,320
<br />$ (55.29) 18,205
<br />$ (47.96) 16,0911
<br />$ (40.64) 13,975
<br />$ (33.32) 11,8611
<br />Total Estimated Tax
<br />2011 2012
<br />$ 851.79 $ 814.25
<br />$ 973.41 $ 938.64
<br />$ 1,095.04 $ 1,063.03
<br />$ 1,216.66 $ 1,187.41
<br />$ 1,338.28 $ 1,311.80
<br /> Dollar Percent
<br />change change
<br />$ (37.54) -4.41%
<br />$ (34.77) -3.57%
<br />$ (32.01) -2.92%
<br />$
<br />$ (29.24)
<br />(26.48) -2.40%
<br />-1.98%
<br />275,000 258,500 2,750 2,445
<br />300,000 282,000 3,000 2,701
<br />Scenerio 6 (same total t
<br />Property Value ax levy as 2011, tax rate
<br />Tax Capacity
<br />2011 2012 2011 2012
<br />200,000 188,000 2,000 1,677
<br />225,000 211,500 2,250 1,933
<br />250,000 235,000 2,500 2,189
<br />275,000 258,500 2,750 2,445
<br />300,000 282,000 3,000 2,701
<br />of 51.4056)
<br />45.72 51.400
<br />Tax Capacity Rate
<br />2011 2012
<br />914.40 861.88
<br />1,028.70 993.54
<br />1,143.00 1,125.20
<br />1, 257.30 1, 256.86
<br />1, 371.60 1,388.52
<br />Residential decrease of 6 percent in 2012 for comparison purposes.
<br />
<br /> MV
<br />Credit
<br />2011 ~atV
<br />I_s:cl~.;lion
<br />2^ -
<br />Total Estimated Tax
<br />2011 2012
<br />Dollar
<br />change
<br />Percent
<br />change
<br />$ (62.61) 20,320 $ 851.79 $ 861.88 $ 10.08 1.18
<br />$ (55.29) 18,205 $ 973.41 $ 993.54 $ 20.12 2.07
<br />$ (47.96) 16,090 $ 1,095.04 $ 1,125.20 $ 30.16 2.75
<br />$ (40.64) 13,975 $ 1,216.66 $ 1,256.86 $ 40.20 3.30
<br />$ (33.32) 11,860 $ 1,338.28 $ 1,388.52 $ 50.24 3.75
<br />2011 2012
<br />City Tax Rate 45.72% 48.56%
<br />On a 5500,000 Progeny $ 500,000 $ 490,000
<br />Tax Capacity 9,250 9,050
<br />Total City Property Tax $ 4,229.10 $ 4,394.68 $ 165.58 3.92% (estimate only)
<br />** =assumes 2% decrease
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