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Column H-230,000 60 <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 your 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 also <br /> be doubled 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 J-12,500.00 <br /> This column is the lower of Column G or Column I. Simply stated it represents the <br /> calculated extra property taxes your city receives from these higher priced houses. In some <br /> cases these extra property taxes may be the 4% Homestead Tax Capacity number (Column <br /> J) rather than the Excess Growth number (Column G). In those instances, the growth of <br /> high priced homes is faster that 4% of the net tax capacity for the city. <br /> Column K-25.000 % <br /> This is your city's local tax rate for 2001 as certified by your County Auditor. <br /> Column I,--12,500.00. <br /> This is the same as Column J. It represents the Affordable Life-Cycle Housing <br /> Opportunities Amount for 2001. <br /> Column M-125 <br /> This is the actual number of higher priced homes that had values above the 2000 hurdle <br /> rate. <br /> Column N-150 <br /> This is the actual number of higher priced homes that had values above the hurdle rate for <br /> 2001. <br />