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Net Effect of Proposed City Levy on 2012 Taxpayers <br />($150,000 Home in 2011) <br />Alk- <br />Residential Home <br />2011 <br />i I 2012* — <br />Based on <br />4.3% <br />Decrease <br />Net Tax <br />Increase <br />(Decrease) <br />Estimated MV <br />$ 150,000 <br />$ 143,816 <br />Less: 2012 MVHC Exclusion <br />$ <br />$ (24,300) <br />Taxable Market Value <br />$ 150,000 <br />119,516 <br />Class Rate <br />Net Tax Capacity <br />$ 1,500 $ 1,195 <br />Total Tax Cap. Rate ** <br />Less: 2011 MVHC <br />1% <br />110.413% 112.952% <br />Gross Tax <br />$ 1,656 $ 1,350 <br />$ (237) $ <br />1% <br />Net Tax * ** <br />$ 1,419 $ 1,350 $ (69) <br />*2012 Market Values are based on County valuations that show an overall decrease in residential values of 4.3% <br />* *Anoka ISD #11 <br />** *Net Tax Based on Tax Capacity Levies only <br />