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2018 PROPOSED LEVY IMPACTS ON LAUDERDALE HOMES <br />City City City City City <br />Total Levy Fiscal Disparities Net Local Levy Tax Capacity Tax Rate <br />2017-3.0% $708,333 $131,121 $577,212 $2,012,764 28.68% <br />2018-9.8% $765,514 $131,469 $634,045 $2,119,216 29.92% <br />Median Value 2016 $186,550 <br />Median Value 2017 $184,350 <br />Median Value 2018 $189,100 <br />Taxable Value x Tax % x Tax Rate = City Tax on $126,000 Home <br />2017-3.0% $100,100 1% 0.2868 Total Tax $287.06 <br />2018-9.8% $100,100 1% 0.2992 Total Tax $299.49 <br />DIFFERENCE $12.43 4.33% <br />Taxable Value x Tax % x Tax Rate = City Tax on Median Lauderdale Home <br />2018: $189,100 <br />2017-3.0% $164,192 1% 0.2868 Total Tax $470.86 <br />2018-9.8% $168,879 1% 0.2992 Total Tax $505.27 <br />DIFFERENCE $34.40 <br />7.31%, <br />Taxable Value x Tax % x Tax Rate = City Tax on $300,000 Home <br />2017-3.0% $289,760 1% 0.2868 Total Tax $830.96 <br />2018-9.8% $289,760 1% 0.2992 Total Tax $866.93 <br />DIFFERENCE $35.97 4.33% <br />