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Property Tax Calculations <br />Residential Properties: <br />12011 Valuations 1 <br />ISD #11 Example <br />Estimated MV $ 205,600 <br />Less: 2012 MVHC Exclusion $ - <br />Taxable Market Value $ 205,600 <br />Class Rate 1% <br />Net Tax Capacity $ 2,056 <br />Total Tax Cap. Rate 110.413% <br />Gross Tax $ 2,270 <br />Less: 2011 MVHC $ (187) <br />Net Tax $ 2,083 <br />12012 Valuations 1 <br />$ 193,100 <br />$ (19,900) <br />$ 173,200 <br />1% <br />$ 1,732 <br />113.119% <br />$ 1,959 <br />$ 1,959 <br />ISD #728 Example <br />Estimated MV $ 368,400 $ 360,700 <br />Less: 2012 MVHC Exclusion $ $ (4,200) <br />Taxable Market Value $ 368,400 $ 356,500 <br />Class Rate 1% 1% <br />Net Tax Capacity $ 3,684 $ 3,565 <br />Total Tax Cap. Rate 129.903% 137.164% <br />Gross Tax $ 4,786 $ 4,890 <br />Less: 2011 MVHC $ (41) $ <br />Net Tax $ 4,745 $ 4,890 <br />ISD #728 Example <br />Estimated MV $ 236,100 $ 231,400 <br />Less: 2012 MVHC Exclusion $ $ (16,400) <br />Taxable Market Value $ 236,100 $ 215,000 <br />Class Rate 1% 1% <br />Net Tax Capacity $ 2,361 $ 2,150 <br />Total Tax Cap. Rate 129.903% 137.164% <br />Gross Tax $ 3,067 $ 2,949 <br />Less: 2011 MVHC $ (160) $ <br />Net Tax $ 2,907 $ 2,949 <br />ISD #11 Example <br />Estimated MV $ 168,700 $ 163,900 <br />Less: 2012 MVHC Exclusion $ - $ (22,500) <br />Taxable Market Value $ 168,700 $ 141,400 <br />Class Rate 1% 1% <br />Net Tax Capacity $ 1,687 $ 1,414 <br />Total Tax Cap. Rate 110.413% 113.119% <br />Gross Tax $ 1,863 $ 1,600 <br />Less: 2011 MVHC $ (221) $ <br />Net Tax $ 1,642 $ 1,600 <br />Avg MV Decrease was 4.3% <br />Net Tax Increase(Decrease) <br />6% MV decrease <br />$ (124) 6% decrease <br />2% MV Decrease <br />$ 145 3% increase <br />2% MV Decrease <br />$ 42 1.5% increase <br />2.9% MV Decrease <br />$ (43) 2.7% Decrease <br />