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City of Hugo Tax Rates
<br />Pay'
<br />Pay 2017
<br />Pay 2018
<br />Dollar
<br />Percent
<br />Pay 2019
<br />Dollar
<br />Percent
<br />Fn
<br />Final
<br />Final
<br />Chan ge
<br />Change Preliminary
<br />Change
<br />Change
<br />ryn
<br />Special Levies
<br />Debt Service Levy
<br />$
<br />302,710
<br />$
<br />187,671 $
<br />(115,039) ___38.00%j
<br />$
<br />187,645 $
<br />(26)
<br />-0._019/6
<br />Tax Abatement Levy
<br />$
<br />304,083
<br />$
<br />437.265 $
<br />133,182
<br />43.80%
<br />$
<br />430,530 $
<br />6,735
<br />-1.64%
<br />$
<br />606,793
<br />$
<br />624,936 . $
<br />18,143
<br />2.99%
<br />$
<br />618,175 $
<br />(6,761)
<br />-1.08%
<br />_
<br />Subject to Levy Limits
<br />General Fund Levy
<br />$
<br />4,606,455
<br />$
<br />4,871,025 $
<br />264,570
<br />5.74%
<br />$
<br />5,370,029 $
<br />499,004
<br />10.24%
<br />Stormwater Utility Levy
<br />$
<br />-
<br />$
<br />271,111
<br />$
<br />271,111 $
<br />Firefighter's Relief Levy
<br />$
<br />13,742
<br />$
<br />15,231 $
<br />1,489
<br />0.00%
<br />$
<br />16,112 $
<br />881
<br />5.78%
<br />Equipment Purchasing Levy
<br />$
<br />$
<br />111,879 $
<br />111,879
<br />0.00%
<br />$
<br />111,879 $
<br />0.00%
<br />Park Improvement Levy
<br />$
<br />94,923
<br />$
<br />90,554 ! $
<br />(4,369)
<br />4.60%
<br />$
<br />91,521 $
<br />967
<br />1.070/6
<br />Mill and Overlay Levy
<br />$
<br />_
<br />64,909
<br />$
<br />64,909 j $
<br />0.00%
<br />$
<br />- $
<br />(64.9091
<br />0.00%
<br />Capital Improvement Levy
<br />$
<br />539,657
<br />$
<br />539,657 1 $
<br />0.00%
<br />$
<br />604,566 $
<br />64,909
<br />12.030/6
<br />$
<br />5,319,686
<br />$
<br />5,964,366 $
<br />373,569
<br />12.12% $
<br />6,465,218 $
<br />500,852
<br />8.40%
<br />Certified Property Tax Levy
<br />$
<br />5,926,479
<br />$
<br />6,589,302 $
<br />391,712
<br />11.18% $
<br />7,083,393 $
<br />494,091
<br />7.50%
<br />Less: Fiscal Disparities
<br />$
<br />c603,0761
<br />$
<br />f64_3,288; $
<br />i40,212,
<br />6.67% $
<br />f 713,538) $
<br />(70,250)
<br />10.92%
<br />_
<br />Local Portion of Lew
<br />$
<br />5.323.403
<br />$
<br />5.946.014 $
<br />622,611
<br />11.70% $
<br />6,369.855 $
<br />423.841
<br />7.13%
<br />Tax Rate Calculations
<br />Local Portion of General Expense
<br />$
<br />5,051,496
<br />$ 5,776,665
<br />Divided byTax Capacity
<br />$
<br />14,625,159
<br />$ 16,357,309
<br />Urban Tax Capacity for General Expense
<br />34.540%
<br />35.315%1
<br />Less 10%for Rural
<br />-3.454%
<br />-3.532%
<br />Local Portion of Debt Service Levy
<br />$
<br />271,906
<br />$ 169,349
<br />Divided by Total Tax Capacity
<br />$
<br />i4,938,652
<br />$ 16,694,227
<br />Tax Capacity for Debt Service _
<br />1,820%
<br />1.014%
<br />Total Urban Tax Rate
<br />36.360%,
<br />36.330%
<br />Total Rural Tax Rate
<br />32.906"/°1
<br />32.798%
<br />Tax Capacity Estimated by Coun
<br />Northern Pallet Parcel
<br />From County Assessment Report
<br />Median Est Market Value Single -Family
<br />$
<br />313,100
<br />Median Est Market Value Townhome/Condo
<br />$
<br />165,000
<br />From County Tax Department
<br />Median Taxable Value Prior to Exclusion
<br />$
<br />262,700
<br />_
<br />Market Value Exclusion
<br />$
<br />13 597
<br />Median Taxable Value After Exclusion
<br />$
<br />249,103
<br />Net Tax
<br />Dollar Change
<br />$ 6,201,112
<br />11.840/($ 17 523,705 7.13%
<br />35.387% _
<br />3.539%
<br />$ 168,743
<br />11.75% $ 17,884,648 See Below 7.13%
<br />0.944%
<br />-0.08%
<br />36.330%__
<br />0.00%
<br />-0.33%
<br />32.792°h
<br />_
<br />— -0.02%
<br />$
<br />17,798,151
<br />86,497
<br />-
<br />$
<br />17,884,648
<br />$
<br />326,000
<br />4.12%
<br />$
<br />_ _
<br />179,800
<br />8.97%
<br />$ 259,458 -
<br />4.16%
<br />$ 2,595
<br />942.62
<br />4.16%
<br />$ -- 37 63 -
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