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HomeMy WebLinkAboutCouncil Presentation 02-19-2019 Calculation of Impact of GO and SA Bonds on Tax RatesIllustrative Example of Comparative Impact of Rates and Home Fair ValuesL 1 Estimated Fair Value 260,000$ 360,000$ 460,000$ L 2 LAV/$100 182$ 288$ 322$ Annual Annual AnnualRoutine "Special" Difference Routine "Special" Difference Routine "Special" DifferenceL 3 Tax Rate/$100 (debt only) 2.85$ 2.85$ -$ 2.85$ 2.85$ -$ 2.85$ 2.85$ -$ L 4 Annual GO Payments 519 519 -$ 821 821 -$ 918 918 -$ L 5 Special Assessment per Lot -$ 6,000$ 6,000$ -$ 6,000$ 6,000$ -$ 6,000$ 6,000$ L 6 Annual SA Payments -$ 450$ 450$ -$ 450$ 450$ -$ 450$ 450$ L 7 Effective Tax Rate 2.85$ 5.32$ 2.47$ 2.85$ 4.41$ 1.56$ 2.85$ 4.25$ 1.40$ L 8 Estimated Annual Payments 519$ 969$ 450$ 821$ 1,271$ 450$ 918$ 1,368$ 450$ L 9 Estimated Monthly Amount 43$ 81$ 38$ 68$ 106$ 38$ 77$ 114$ 38$ L 10 Estimated Daily Amount 1.43$ 2.70$ 1.27$ 2.27$ 3.53$ 1.27$ 2.57$ 3.80$ 1.27$