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Per City's 2013 Strategic Plan, City has been striving to hold tax rate constant of prior years of 44.2%
<br />CALCULATION OF ANNUAL TAX CAPACITY RATES
<br />2015
<br />NEED TO GET UPDATED COUNTY #'s
<br />September 2014 Proposed 2015 Levy adopted 9 -9 -1
<br />Oct County #'s
<br />Estimated
<br />Certified
<br />Fiscal Disp
<br />Local Levy
<br />General 7,811,937
<br />1,279,483
<br />6,532,454
<br />EDA* 116,444
<br />22,081
<br />94,363
<br />Bonds 1,482,117
<br />244,114
<br />1,238,003
<br />9,410,498 1,545,678 7,864,820
<br />*Levy Reduced By HRA fund balance of $87,857
<br />Bonded Debt - Levied
<br />NEED TO GET UPDATED COUNTY #'s
<br />74,820
<br />Oct County #'s
<br />Estimated
<br />TAXABLE VALUE VALUATION
<br />109,633
<br />Taxable Value
<br />Tax Capacity
<br />Per County
<br />147,630
<br />18,640,951
<br />35.044%
<br />Tax Capacity - Commercial
<br />5,044,183
<br />18,640,951
<br />0.506%
<br />18,640,951
<br />6.641%
<br />Tax Capacity - Residential
<br />16,092,358
<br />42.191%
<br />FD Contribution
<br />(1,984,235)
<br />TIF Captured
<br />(511,355)
<br />18,640,951
<br />Bonded Debt - Levied
<br />2013 Capital Equipment Certificates(2023 Last Year)
<br />74,820
<br />2014 Capital Equipment Certificates (2024 last year)
<br />101,821
<br />2015 Road Improvement Debt
<br />109,633
<br />Muni Center (2031 last Year)
<br />1,048,213
<br />Fire Station #1 (2016 last year)
<br />147,630
<br />Total Bonded Debt Levied
<br />1,482,117
<br />2015
<br />Proposed 2015 Levy amended for Road Debt not issued rolled debt payment into General Fund levy
<br />Certified Fiscal Disp Local Levy
<br />General 7,921,570 1,291,216 6,630,354
<br />EDA* 116,444 22,081 94,363
<br />Bonds 1,372,484 225,087 1,147,397
<br />9,410,498 1,538,384 7,872,114
<br />*Levy Reduced By HRA fund balance of $87,857
<br />Bonded Debt - Levied
<br />NEED TO GET UPDATED COUNTY #'s
<br />74,820
<br />Oct County #'s
<br />Estimated
<br />TAXABLE VALUE VALUATION
<br />-
<br />Taxable Value
<br />Tax Capacity
<br />Per County
<br />147,630
<br />18,640,951
<br />35.569%
<br />Tax Capacity - Commercial
<br />5,044,183
<br />18,640,951
<br />0.506%
<br />18,640,951
<br />6.155%
<br />Tax Capacity - Residential
<br />16,092,358
<br />42.230%
<br />FD Contribution
<br />(1,984,235)
<br />TIF Captured
<br />(511,355)
<br />18,640,951
<br />Bonded Debt - Levied
<br />2013 Capital Equipment Certificates(2023 Last Year)
<br />74,820
<br />2014 Capital Equipment Certificates (2024 last year)
<br />101,821
<br />2015 Road Improvement Debt
<br />-
<br />Muni Center (2031 last Year)
<br />1,048,213
<br />Fire Station #1 (2016 last year)
<br />147,630
<br />Total Bonded Debt Levied
<br />1,372,484
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