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City of Hugo Tax Rates
<br />Page 14
<br />Pay 2015_
<br />Pay 2016_
<br />Dollar _
<br />Percent
<br />Pay 2017
<br />Dollar
<br />Percent
<br />Final
<br />Final
<br />Change
<br />Change
<br />Proposed
<br />_
<br />Change
<br />Change
<br />Special Levies
<br />Debt Service Levy
<br />$
<br />370,171
<br />$ 302,364
<br />$ (67,807)_
<br />-18.32% $
<br />302,710
<br />$ 346
<br />0.11%
<br />_Tax Abatement Levy
<br />$
<br />383,074
<br />$ 302,617
<br />$ (80,457)
<br />-21.00% $
<br />304,083
<br />$ 1,466
<br />0,48%
<br />$
<br />753,245
<br />$ 604,981
<br />$ (148,264)
<br />-19,68%_$
<br />606,793
<br />$ 1,812
<br />0.30%
<br />Subject to Levy Limits
<br />_-
<br />-
<br />General Fund Levy
<br />$
<br />4,129 940
<br />$ 4,313,039
<br />$ 183,099
<br />4D/.43 $
<br />4,606,455
<br />$ 293,416
<br />6.80%
<br />Firefighter's Relief Levy
<br />$
<br />17,157
<br />$ 12,107
<br />$ 5,050
<br />000%'$_
<br />13,742
<br />$_ 1,635
<br />Equipment Purchasing Levy _----
<br />$
<br />_ 105 535
<br />$_ - _
<br />$ 105 535
<br />(
<br />100 00 / $
<br />_13.50%
<br />048%
<br />Park Improvement Levy _
<br />Sealcoating Levy
<br />I
<br />$
<br />_
<br />_164909
<br />_ _ _
<br />_
<br />(720)
<br />_ _
<br />$ (4,456)
<br />4.48%
<br />_
<br />_
<br />$ 64909.
<br />$
<br />000n_
<br />64909,$
<br />$ -
<br />0.00'%
<br />Capital Improvement Levy
<br />$
<br />539,657
<br />$ 539,657
<br />$
<br />0.00 h,
<br />$
<br />539,657
<br />$
<br />0.00%
<br />$_
<br />4,963,776
<br />$ 5,029,090
<br />$ 65,314
<br />1.32%i $
<br />5,319,686
<br />$ 290,596
<br />5.78%
<br />Certified Property Tax Levy _.
<br />$
<br />5,717,021
<br />$ 5,634,071
<br />$ 82,950
<br />-1.45% $
<br />5,926,479
<br />$ 292,408
<br />5.19%
<br />Less. Fiscal Disparities_ _
<br />$
<br />518,463
<br />$ 547,656
<br />$ 29,193.
<br />5.63% $
<br />603,076
<br />$ 55,420
<br />10.12%
<br />Local Portion of Levy
<br />$
<br />5,198,558.
<br />$ 5,086,415
<br />$ 112,143
<br />-2.16% $
<br />5,323,403
<br />$ 236,988
<br />4.66%
<br />Tax Rale Calculations:
<br />Local Portion of General Expense
<br />$
<br />4,861 957
<br />$ 4,813,442:
<br />_ ''
<br />$
<br />5,051,496
<br />Divided by Tax Capacity
<br />$
<br />14,294,451
<br />$ 13,987,183
<br />_
<br />-2.15_% $
<br />_
<br />14,639,855
<br />4.67%
<br />Urban Tax Capacity for General Expense
<br />34.013%
<br />34.4139/6
<br />_ _
<br />-
<br />_
<br />34.505%
<br />_
<br />Less 10% for Rural
<br />-3401%
<br />-3.441 %
<br />_
<br />_
<br />_ -14519/6
<br />Local Portion of Debt Service Levy
<br />$
<br />336,601
<br />$ 272,973
<br />__-.
<br />�.$._.
<br />271,9061_
<br />Divided by Total Tax Capacity
<br />$
<br />14,603,836
<br />$ 14,294,114
<br />_ _
<br />-2.12% $
<br />14,91
<br />4.61
<br />Tax Capacity for Debt Service
<br />2.305%
<br />1.910%
<br />818
<br />1.818%'
<br />_ __ _
<br />Total Urban Tax Rate
<br />36.318%
<br />-
<br />36.323 %
<br />0.01%
<br />36 323 %
<br />0.00
<br />Total Rural Tax Rate
<br />32.916%
<br />32.882%
<br />-0.11%
<br />32.873%
<br />-0.03%
<br />Page 14
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