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1999 CITY TAX ESTIMATES
<br />
<br />COMMERCIAL/INDUSTRIAL
<br />
<br />(1) (2) (3)
<br />
<br /> (4) (5)
<br />5% Market Value Increase
<br />
<br />1998 1999 1999 1999 1999
<br />
<br />Market Value 150,000 150,000 157,500
<br />Net Tax Capacity 4,050 3,675 3,938
<br />City Tax Rate 26.255% 28.934% 27.005%
<br />City Tax $ 1,063 $ 1,063 $ 1,063
<br />Percent Increase/Decrease 0.00% 0.00%
<br />
<br />(6)
<br />
<br />157,500 157,500
<br />3,938 3,938
<br />26.255% 27.975%
<br />$ 1,034 $ 1,102
<br />-2.78% 3.59%
<br />
<br />1999
<br />
<br /> 157,500
<br /> 3,938
<br /> 29.035%
<br />$ 1,143
<br /> 7.52%
<br />
<br />5% Market Value Increase
<br />
<br />1998 1999 1999 1999 1999
<br />
<br />Market Value 500,000 500,000 525,000
<br />Net Tax Capacity 18,050 15,925 16,800
<br />City Tax Rate 26.255% 29.758% 28.208%
<br />City Tax $ 4,739 $ 4,739 $ 4,739
<br />Percent Increase/Decrease 0.00% 0.00%
<br />
<br />525,000 525,000
<br />16,800 16,800
<br />26.255% 27.975%
<br />$ 4,411 $ 4,700
<br />-6.93% -0.83%
<br />
<br />1999
<br />
<br /> 525,000
<br /> 16,800
<br /> 29.035%
<br />$ 4,878
<br /> 2.93%
<br />
<br />5% Market Value Increase
<br />
<br />1998 1999 1999 1999 1999
<br />
<br />Market Value 1,250,000 1,250,000 1,312,500
<br />Net Tax Capacity 48,050 42,175 44,363
<br />City Tax Rate 26.255?/0 29.912% 28.437%
<br />City Tax $ 12,616 $ 12,616 $ 12,616
<br />Percent Increase/Decrease 0.00% 0.00%
<br />
<br />1,312,500 1,312,500
<br />44,363 44,363
<br />26.255% 27.975%
<br />$ 11,647 $ 12,410
<br />-7.67% -1.63%
<br />
<br />1999
<br />
<br /> 1,312,500
<br /> 44,363
<br /> 29.035%
<br />$ 12,881
<br /> 2.10%
<br />
<br />Market Value Increase
<br />
<br />1998 1999 1999 1999 1999
<br />
<br />Market Value 2,000,000 2,000,000 2,100,000
<br />Net Tax Capacity 78,050 68,425 71,925
<br />City Tax Rate 26.255% 29.948% 28.491%
<br />City Tax $ 20,492 $ 20,492 $ 20,492
<br />Percent Increase/Decrease 0.00% 0.00%
<br />
<br />2,100,000 2,100,000
<br />71,925 71,925
<br />26.255% 27.975%
<br />$ 18,884 $ 20,121
<br />-7.85% -1.81%
<br />
<br />1999
<br />
<br />2,100,000
<br /> 71,925
<br /> 29.035%
<br />$ 20,883
<br /> 1.91%i
<br />
<br />(1) 1998
<br />(2) 1999
<br />(3) 1999
<br />(4) 1999
<br />(5)
<br />
<br />(6)
<br />
<br />Market Value (MV) and Tax Data
<br />MM same as 1998. Indicates Tax Rate required to keep City Tax same.
<br />MM increased 5%. Indicates Tax Rate required to keep City Tax same.
<br />MV increased 5%. Indicates City Tax based on 26.255% Tax Rate.
<br />
<br />1999 MM increased 5%. Indicates City Tax based on tax revenue projections
<br />presented in August 31, 1998, budget presentation.
<br />1999 MV increased 5%. Indicates City Tax based on General Fund tax & HACA
<br />of $3,489,800.
<br />
<br />EDUCATION HOMESTEAD CREDIT: This credit applies to homestead property only.
<br />
<br />9/10/98
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