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City of Hugo Tax Rates
<br />Pay 2016 Pay 2017 Dollar Percent Pay 2018 Dollar Percent
<br />Final Final Change Change Preliminary Change Change
<br />Special Levies
<br />$
<br />(547,656)'
<br />$ (603,076
<br />Local Portion of Levy
<br />$
<br />5,086 415
<br />$ 5,323,403
<br />? 17,179:_
<br />$
<br />Debt Service Levy
<br />$
<br />302,364 $
<br />302,710
<br />$
<br />346
<br />0.11%
<br />$ 187,671
<br />$
<br />i. 115,0391
<br />Tax Abatement Levy
<br />$
<br />302,617 $
<br />304,083
<br />$
<br />1,466
<br />0.48%
<br />$ 437,265
<br />$
<br />133,182
<br />$
<br />604,981 $
<br />606,793
<br />$
<br />1,812
<br />0.30%
<br />$ 624,936
<br />$
<br />18,143
<br />Subject to Levy Limits
<br />General Fund Levy
<br />$_4,313,039
<br />$
<br />4,606,455
<br />$
<br />293,416
<br />6 80%
<br />$ 4,785 901
<br />$
<br />179,446
<br />Stormwater Utility Levy
<br />$
<br />$ 264,519
<br />$
<br />264,519
<br />Firefighter's Relief Levy
<br />$
<br />12,107 $
<br />13,742
<br />$
<br />1,635. _
<br />0.00%
<br />$ 14,957
<br />$
<br />1,215
<br />Equipment Purchasing Levy
<br />$
<br />- $
<br />-
<br />$
<br />- _._
<br />0.000/.
<br />$ 111,879
<br />$
<br />111,879
<br />Park Improvement Levy
<br />$
<br />99,378 $
<br />94,923
<br />$
<br />+4,4551
<br />-4.48%
<br />$ 90,554
<br />$
<br />4,369
<br />Sealcoating Levy
<br />$,657
<br />64 909 $
<br />64,909
<br />_ $
<br />0.00%
<br />$ 64,909
<br />$
<br />-
<br />Capital Improvement Levy
<br />$
<br />539,657 $
<br />539 657
<br />$
<br />0.00%
<br />$ 539,657
<br />$
<br />-
<br />$
<br />5,029,090 $
<br />5,319,686
<br />$
<br />290,596
<br />5.78%
<br />$ 5,872,376
<br />$
<br />552,690
<br />Certified Property Tax Levy $ 5 634 071 $ 5 926 479 $ 292.408 5.19% $ 6.497.312 $ 570.833
<br />Less: Fiscal Disparities
<br />$
<br />(547,656)'
<br />$ (603,076
<br />Local Portion of Levy
<br />$
<br />5,086 415
<br />$ 5,323,403
<br />? 17,179:_
<br />$
<br />170,252
<br />Tax Rate Calculations:
<br />4.61% $
<br />16,564,186
<br />10.
<br />Local Portion of General Expense
<br />$
<br />4,813,442
<br />$ 5,051,496
<br />Divided by Tax Capacity
<br />$
<br />13,987,183
<br />$ 14,639,855
<br />Urban Tax Capacity for General Expense
<br />34.413%
<br />34.5050i
<br />Less 10% for Rural 1 -3.441% 3.451%
<br />Local Portion of Debt Service Levy $ 272,973 $ 271,906
<br />Divided by Total Tax Capacity $ 14,294,114 $ 14,953,050
<br />Tax Capacity for Debt Service 1.910% 1.818%
<br />Total Urban Tax Rate 36.323% 36.323%
<br />Total Rural Tax Rate 32.882% 32.873%
<br />$ 5,723,984
<br />4.67% $ 16,-217,245
<br />--
<br />10.
<br />Median Value Homestead
<br />35.296%
<br />222,900 from county
<br />Market Value Exclusion
<br />-3.530%
<br />? 17,179:_
<br />$
<br />170,252
<br />205,721
<br />4.61% $
<br />16,564,186
<br />10.
<br />Net Tax
<br />1.028%
<br />747.25
<br />0.00%
<br />36.323%
<br />0.
<br />-0.03%
<br />32.794%
<br />-0.
<br />City Tax on Median Value Homestead:
<br />Median Value Homestead
<br />$
<br />222,900 from county
<br />Market Value Exclusion
<br />$
<br />? 17,179:_
<br />Median Taxable Homestead
<br />$
<br />205,721
<br />Tax Capacity
<br />$
<br />2,057
<br />Net Tax
<br />$
<br />747.25
<br />Dollar Change
<br />Page 14
<br />$ 249,450 from county 11.91%
<br />$ 14,790!
<br />$ 234,661 14.07%
<br />$ 2,347
<br />$ 852.37 14.07%
<br />$ 105.12
<br />
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