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Net Effect of Proposed City Levy on 2012* Taxpayers <br />($250,000 Home in 2011) <br />Residential <br />Home <br />2011 <br />2012* — <br />Based on <br />4.3% <br />Decrease <br />Net Tax <br />Increase <br />(Decrease) <br />Estimated MV <br />Less: 2012 MVHC <br />Exclusion <br />$ 250,000 <br />$ 239,693 <br />$ (15,700) <br />Taxable Market Value <br />$ 250,000 <br />$ 223,993 <br />Class Rate <br />1% <br />1% <br />Net Tax Capacity <br />$ 2,500 $ 2,240 <br />Total Tax Cap. Rate ** <br />110.413% 112.952% <br />Gross Tax <br />$ 2,760 $ 2,530 <br />Less: 2011 MVHC <br />(147) $ <br />Net Tax *** <br />$ 2,613 $ 2,530 <br />$ (83) <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 />