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7.1 SR 12-05-2022
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7.1 SR 12-05-2022
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Estimated CityTax Impact <br />Residential (Homestead): With Valuation Change Impact <br />Estimated City Tax <br />Estimated <br />Market Value <br />Tax Capacity <br />Tax Capacity Rate <br />43.967% <br />39.618% <br />Property Value <br />Value <br />Change <br />Exclusion <br />Value <br />Dollar <br />change <br />Percent <br />change <br />2022 <br />2023 <br />2022 <br />2023 <br />2022 <br />2023 <br />2022 <br />2023 <br />$227,800 <br />$281,500 <br />23.6% <br />$16,738 <br />$11,905 <br />$2,111 <br />$2,696 <br />$928 <br />$1,068 <br />$140 <br />15.1 % <br />$300,800 <br />$345,500 <br />14.9% <br />$10,168 <br />$6,145 <br />$2,906 <br />$3,394 <br />$1,278 <br />$1,344 <br />$66 <br />5.2% <br />$364,200 <br />$440,500 <br />21.0% <br />$4,462 <br />$0 <br />$3,597 <br />$4,405 <br />$1,582 <br />$1,745 <br />$163 <br />10.3% <br />$416,300 <br />$490,700 <br />17.9% <br />$0 <br />$0 <br />$4,163 <br />$4,907 <br />$1,830 <br />$1,944 <br />$114 <br />6.2% <br />$263,000 <br />$340,000 <br />29.3% <br />$13,570 <br />$6,640 <br />$2,494 <br />$3,334 <br />$1,097 <br />$1,321 <br />$224 <br />20.4% <br />$263,000 <br />$263,000 <br />0.0% <br />$13,570 <br />$13,570 <br />$2,494 <br />$2,494 <br />$1,097 <br />$988 <br />($109) <br />-9.9% <br />** Median Value Home <br />As property value increases, the market value exclusion is phased out at $413,800 & over. <br />
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