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City of Hugo Tax Rates
<br />Special Levies
<br />Debt Service Levy _
<br />Tax Abatement Levy_
<br />$.__
<br />_ $
<br />Pay 2015
<br />Final
<br />370,171 $
<br />383,074 $
<br />Pay 2016
<br />Final
<br />_ 302,364
<br />302,617
<br />Dollar
<br />Change
<br />$ (67,807)
<br />$ (80,457)
<br />Percent
<br />Change
<br />-18.32%
<br />-21.00%.
<br />$
<br />$
<br />Pay 2017
<br />Proposed
<br />302,710
<br />304,083
<br />$
<br />$
<br />Dollar
<br />Change
<br />346
<br />1,466
<br />Percent
<br />Change
<br />0.11%
<br />0.48%
<br />_ -2.15%
<br />$_
<br />_.753,245. $
<br />_ 604,981
<br />$ (148,26.4)'=19.68%
<br />34.013%
<br />$
<br />606,793
<br />$
<br />1_,812
<br />0.30%
<br />Subject to Levy Limits
<br />-3.401%
<br />-3.441%
<br />_
<br />Local Portion of Debt Service Levy
<br />$
<br />336,601
<br />_
<br />--
<br />General Fund Levy_
<br />$
<br />4,129940 $
<br />_4,313,039
<br />$ 183,099
<br />4.43%
<br />$
<br />4,528,220_
<br />$
<br />Tax Capacity for Debt Service
<br />4.99%
<br />Firefighter's Relief Levy _
<br />$
<br />17,157 $_--
<br />12,107
<br />$ _(5,050)
<br />0.00%
<br />$
<br />13,742
<br />$
<br />_2.15,181
<br />-1,635
<br />13.50%
<br />Eq uipment Purchasing Levy
<br />$.
<br />105 535 $
<br />-
<br />$ (105 535)
<br />100 00 %
<br />$
<br />- __.,-
<br />-
<br />$
<br />-
<br />Levy
<br />Park Improvement _
<br />$
<br />106,578_j_$___
<br />_ _
<br />_ 99,378
<br />$ (7,200)
<br />6.76%
<br />$
<br />94,923
<br />i $
<br />(4,456)
<br />4.48%
<br />Sealcoating Levy
<br />$
<br />64,909 $
<br />64,909
<br />_
<br />$
<br />.
<br />000%
<br />$
<br />499
<br />$__
<br />-
<br />0.00%
<br />Cpital Irrrovement Levy_
<br />$
<br />539,657 I $
<br />539,657
<br />$
<br />0.00%
<br />$
<br />539,657
<br />' -$
<br />-
<br />0.009°
<br />-— . _ -. -- __ __— _.
<br />$
<br />4,963,776 $
<br />5,029,090
<br />$ 65,314
<br />1.32%
<br />$
<br />5,241,451
<br />$
<br />212,361
<br />4.22%
<br />Certified Property Tax_ Levy
<br />$
<br />5,717,021 $
<br />5,634,071
<br />$ 82,950
<br />-1.45%
<br />$
<br />5,848,244
<br />$
<br />214,173
<br />3.80%
<br />Less: Fiscal Disparities
<br />$
<br />518,463 $
<br />547,656
<br />$ 29,193
<br />5.63%
<br />$
<br />547,656
<br />$
<br />0.00%
<br />Local Portion of Levy
<br />$
<br />5,198,558 $
<br />5,086,415
<br />$ (112,1 3)
<br />-2.16%
<br />$
<br />5,300,588
<br />$
<br />214,173
<br />4.21%
<br />Tax Rate Calculations
<br />Local Portion of General Expense _
<br />. $__4,861,957
<br />$ 4,813,442
<br />$ 5,026,225
<br />Divided by Tax Capacilft_$
<br />_-- _
<br />429
<br />1,4,451
<br />$ 13,987,183
<br />_ -2.15%
<br />$ 14,576,505
<br />4.21%
<br />Urban Tax Capacity for General Expense
<br />34.013%
<br />34.413%
<br />_
<br />34.482%
<br />Less 10% for Rural
<br />-3.401%
<br />-3.441%
<br />_
<br />Local Portion of Debt Service Levy
<br />$
<br />336,601
<br />$ 272,973
<br />$ 274,363
<br />Divided by Total Tax Capacity
<br />$
<br />14,603,836
<br />$ 14,294,114
<br />_
<br />-2.12%,
<br />$ 14,896,368.
<br />_
<br />- T -4.21%
<br />Tax Capacity for Debt Service
<br />2.305%
<br />1.910%
<br />1.842%
<br />Total Urban Tax Rale
<br />36.318%
<br />36.323% -
<br />0.01%
<br />36.323%
<br />�0.00
<br />Total Rural Tax Rale
<br />32.916%
<br />32.882%
<br />-0.11%
<br />32.875%
<br />-0.02
<br />City Tax on Median Value Homestead:
<br />Median Taxable Homestead _
<br />$ 276,600
<br />$ 287,900
<br />4.09%
<br />Tax Capacity
<br />,.
<br />$ 2,766
<br />_$
<br />2,879
<br />4.09%
<br />Net Tax
<br />$ 1,004.69
<br />$ 1,045.75
<br />4.09%
<br />Dollar Change _
<br />$ 41.06
<br />Page 13
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