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Column H-230,000 <br /> This number is the total of all homestead property tax capacity (not market value of the <br /> properties) in your.city times 4 %. The number.is calculated and supplied by the County <br /> Auditor. Why 4'%? 'Since all higher priced homes will have a value above $ 72,000, then <br /> their tax capacity would-be at.2 %. However, since the program doubles the market value <br /> to arrive at the base value, then the tax capacity on the homestead tax capacity should <br /> also be double or 4 % ( 2% x 2 = 4%). <br /> Column I-57,500.00 <br /> This number is the result of multiplying the 4% Homestead Tax Capacity ( Column H ) <br /> times your city's local tax rate (Column K). <br /> Column 1=12,500.00 <br /> This column is the lower of Column G or Column J. Simply stated it represents the <br /> calculated extra property taxes your city receives from these higher.priced houses. In <br /> some cases these extra property taxes may be the 4% of Homestead Tax Capacity number <br /> ( Column J ) rather than the Excess Growth number ( Columri G ). In these instances, <br /> the growth of high priced homes is faster than 4 % of the net tax capacity for the city. <br /> Column K--25.000 % <br /> This is your city's local tax rate for 1998 as certified by the county auditor. <br /> Column L--42,500.00 <br /> This is the same as Column J. It represents the Affordable Life-Cycle Housing <br /> Opportunities Amount for 1998. <br /> Column M--125 <br /> This is the actual number of higher priced homes that had values above the hurdle rate in <br /> 1997. <br /> Column N--150 <br /> This is the actual number of higher priced homes that had values above the hurdle rate for <br /> 1998. <br /> Column 0-20.00% <br /> This is the increase in higher priced homes from 1997 to 1998. For information only. <br />