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TAX LEVY LIMITS

12-13. TAX LEVY LIMITS. LOCAL TAX LEVY. 09-10 10-11 11-12 Levy: $31.9m $32.7m $33.9m Levy Change: -1.9% 2.5% 3.6% Tax Rate: $20.43 $20.74 $21.37 Rate Change: -0.78% 1.54% 3.03%.

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TAX LEVY LIMITS

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  1. 12-13 TAX LEVY LIMITS

  2. LOCAL TAX LEVY 09-10 10-1111-12 Levy: $31.9m $32.7m $33.9m Levy Change: -1.9% 2.5% 3.6% Tax Rate: $20.43 $20.74 $21.37 Rate Change: -0.78% 1.54% 3.03%

  3. LOCAL TAX LEVY PROJECTIONS(Estimated Tax Levy Limit) • Prior year levy $33,914,477 • Multiplied by tax base growth factor determined by the state to be 0.51% • Subtract local share of 11-12 capital costs • This is multiplied by the allowable growth factor based on CPI which this year will be 2% • Tax Levy Limit = $34,358,804

  4. Our Allowable Tax Exemptions • Local share of capital expenditures $760,011 • Court Orders $0 • Portion of Retirement Costs $26,886

  5. ESTIMATED TAX LEVY PROJECTION Maximum Allowable Tax Levy: $35,145,700 which represents a 3.63% increase in the levy Not the highly publicized 2%

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