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City of Hugo Tax Rates
<br />Tax Rate Calculations:
<br />Local Portion of General Expense
<br />$
<br />Pay 2016
<br />Pay 2017
<br />Divided by Tax Capacity
<br />Dollar
<br />13,987,183
<br />$ 14,625,159
<br />Final
<br />Final
<br />34.413%
<br />Change
<br />Special Levies
<br />-38.00%
<br />-3.441%
<br />-3.454%
<br />Local Portion of Debt Service Levy
<br />$
<br />Debt Service Levy
<br />$
<br />302,364
<br />$ 302,710
<br />$
<br />346
<br />Tax Abatement Levy
<br />$
<br />302,617
<br />$ 304,083
<br />$
<br />1,466
<br />36.323%1
<br />$
<br />604,981
<br />$ 606,793
<br />$
<br />1,812
<br />Subject to Levy Limits
<br />(643.288)1
<br />$ ?40,2121
<br />6.1
<br />4.66% $
<br />5,946,014 1 $
<br />General Fund Levy
<br />$
<br />4,31.3,039
<br />$ 4,606,455
<br />$
<br />293,416
<br />Stormwater Utility Levy
<br />$
<br />-
<br />$ -
<br />Fihter's Relief Levy
<br />$
<br />_
<br />12,107
<br />$ 13,742
<br />$
<br />1,635
<br />Equipment Purchasing Levy
<br />$
<br />-
<br />$ -
<br />$
<br />-
<br />Park Improvement Levy
<br />Sealcoating Levy
<br />---.$
<br />$
<br />99,378 $ 94,923 $
<br />64,909 $ 64,909 $
<br />)4,455;
<br />-
<br />Capital Improvement Levy
<br />$
<br />539,657
<br />$ 539,657 $
<br />-
<br />$
<br />5,029,090
<br />$ 5,319,686
<br />$
<br />290,596
<br />Certified Property Tax Levy
<br />$
<br />5.634,071
<br />$ 5,926,479
<br />$
<br />292.408
<br />Less: Fiscal Disparities
<br />$
<br />(547,656)
<br />$ (603,076)
<br />$
<br />(55,420)
<br />Tax Rate Calculations:
<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 />$ 14,625,159
<br />Urban Tax Capacity for General Expense ,
<br />15,231
<br />34.413%
<br />34.540%
<br />Less 10% for Rural
<br />-38.00%
<br />-3.441%
<br />-3.454%
<br />Local Portion of Debt Service Levy
<br />$
<br />272,973
<br />$ 271,906
<br />Divided by Total Tax Capacity
<br />$
<br />14,294,114
<br />$ 14,938,652
<br />Tax Capacity for Debt Service
<br />539,657
<br />1.910%i
<br />_ 1.820% _
<br />Total Urban Tax Rate
<br />5,964,366
<br />36.323%1
<br />36.360%
<br />Total Rural Tax Rate
<br />6;589,302.
<br />32.882%
<br />32.906%
<br />Page 14
<br />Percent
<br />Pay 2018
<br />Dollar
<br />Percent
<br />Change
<br />Preliminary
<br />Change
<br />Change
<br />0.11% $
<br />15,231
<br />(:115,039)
<br />10.
<br />187,671 $
<br />-38.00%
<br />0.48%.$
<br />437,265 $
<br />133,182
<br />43.80%
<br />0.30%1 $
<br />624.936
<br />1 $
<br />18.1431
<br />2.99%
<br />6.80%1 $
<br />4,871,025
<br />1 $ 264,570
<br />5.
<br />$
<br />271,111
<br />1 $ 271,111
<br />0.00% $
<br />15,231
<br />$ 1,489
<br />10.
<br />0.00%. $
<br />111,879
<br />$ 111,879
<br />0.
<br />-4.48% $
<br />90,554
<br />$ 4,369_!
<br />-4.
<br />0.00% $
<br />64,909
<br />$ -
<br />0.
<br />0.00% $
<br />539,657
<br />$
<br />0.
<br />5.78% $
<br />5,964,366
<br />$ 644,680.
<br />12.
<br />5.19% $
<br />6;589,302.
<br />$ 662,823
<br />11.
<br />10.12% $
<br />(643.288)1
<br />$ ?40,2121
<br />6.1
<br />4.66% $
<br />5,946,014 1 $
<br />622.611
<br />11:
<br />$ 169,349
<br />4.510/. $ 16,710,157 11.8
<br />1.013%
<br />0.10_% 36.294% _ -0.1
<br />0.07% 32.766% -0.4
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