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Net Effect of Proposed City _evy on 2012* Taxpayers <br />($425,000 Home in 2011) <br />Residential <br />Home <br />20121 <br />Based • <br />Il 4.3% <br />Decrease <br />Net Tax <br />Increase <br />(Decrease) <br />Estimated MV <br />$ 425,000 <br />$ 407,478 <br />Less: 2012 MVHC <br />Exclusion <br />$ <br />$ (0) <br />Taxable Market Value <br />$ 425,000 <br />$ 407,478 <br />Class Rate <br />1% <br />1% <br />Net Tax Capacity <br />$ 4,250 $ 4,075 <br />Total Tax Cap. Rate ** <br />110.413% 112.952% <br />Gross Tax <br />$ 4,693 $ 4,603 <br />Less: 2011 MVHC <br />Net Tax <br />$ 4,693 $ 4,603 <br />$ (90) <br />*2012 Market Values are based on County valuations that show an overall decrease in residential values of 4.3% <br />**School & County Tax Rate was held constant from 2011 <br />