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PAYABLE 1995 PROPERTY TAX IMPACT WORKSHEET <br />Taxing District: CITY OF LAVE E1,110 <br />EP 1 — Calculate the Taxing District's Payable 1995 Local Tax Rate: <br />Net Tax Gapacity e,j%ia v Market Value Based <br />Ito_T' Rased 1.p_vipS Rpformnrin 1 <br />Taxing District's Budget Requirement <br />Local Government Aid (LGA) <br />Homestead & Ag Credit Aid (HACA) <br />Other Revenue Sources <br />Certifed Property Tax Levy <br />Fiscal Disparity Portion of Levy <br />Local Portion of Levy <br />Local TaxableValue(same as last yr) <br />Local Tax Rate <br />A. <br />1,201 00O <br />/j /7J5;1.� 0 U <br />B. <br />4,487 <br />C. <br />184,988 <br />D. <br />K. _ <br />E• <br />1,011,525%%%�,'L• <br />F. <br />93,391 <br />G. <br />918,134%/,0t/ <br />H. <br />4,361,974 <br />(1) M. <br />i. <br />21.049 <br />_ <br />,�( 0, %3 N. <br />NA <br />NA <br />NA <br />NA <br />STEP 2 — Calculate the Impact of the Taxing District's Tax Rate on Residential Homestead Properties <br />(Taxing District portion of tax only, sss�rr�ing no market v_alu.2_incr�ase from Pay 1994 ts��Y 1995) <br />Pay 1994 Local Tax Rate <br />Q. R <br />O, 19.94 <br />S. T <br />12 <br />U. V. W. <br />Market <br />Value <br />$: <br />Change <br />(U.-S): <br />%. <br />Change' <br />(V S) <br />ax <br />Capacttyr <br />Actual <br />:> Tait <br />(QxR).;F(PXO) <br />Tax:;:; <br />Capacitg. <br />..Proposed <br />Tax <br />(IxT)+(NxO) <br />75,000 <br />780 <br />s 155.53 <br />780 <br />s 175.66 <br />s 20.13 <br />12.94 % <br />100,000 <br />1,280 <br />$ 255.23 <br />1,280 <br />s 288.26 <br />s 33.03 <br />12, 94 % <br />125,000 <br />1,780 <br />s <br />1,780 <br />s 400.36 <br />s 45.93 <br />12 94 % <br />150,000 <br />2,280 <br />$ 454.63 <br />2,280 <br />s 513 <br />$ <br />C % <br />175 no( <br />2,780 <br />s 554.33 <br />s <br />s 71 73 <br />19 04L% <br />200 0QC <br />3.280 <br />$ <br />s ns rr, <br />Is <br />94 % <br />a — Taxable Market Value of Residential Homestead <br />R. — Calculate the Net Tax Capacity of a Residential Homestead for Pay 1994 <br />1 at 72.000 of Market Value @ 1.00%, remainder @ 2.00% <br />S. — Calculate the taxing district's portion of the Pay 1994 tax <br />multiply the Pay 1994 net tax capacity (R) by the Pay 1994 tax capacity local tax rate (0). plus <br />multiply the Pay 1994 market value (0) by, the Pay 1994 market value local tax rate (P) <br />T. — Calculate the Net Tax Capacity of a Residential Homestead for Pay 1995 <br />1 at 72.000 of Market Value @ 1.00%, remainder @ 2.00% <br />U. - Calculate the taxing district's portion of the Pay 1995 tax <br />multiply the Pay 1995 net tax capacity (T) by the Pay 1995 tax capacity local tax rate (1) , plus <br />multiply the Pay 1995 market value (a) by the Pay 1995 market value local tax rate (N) <br />V. — Calculate the Dollar amount of the increase/decrease <br />subtract the Pay 1994 tax amount calculated in (S) from the Pay 1995 tax amount calculated in (U). <br />W. — Calculate the Percentage of increase/decrease <br />divide the Dollar amount of increase/decrease M by the Pay 1994 tax amount (S) <br />J, r�7 <br />Page 7 <br />