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TAX CALCULATION EXAMPLES Proposed Payable 2006 <br /> 26-Oct-05 CITY OF BAXTER <br /> MARKET VALUE TOTAL: $100,000 <br /> NTC Rate: 101.227% <br /> Market Value Rate(School): 0.06639% <br /> Market Value Rate(Local): 0.00000% <br /> Homestead Credit Rate: 40.0% SD 181 <br /> Referendum Market Value: $100,000 <br /> Classification: RESIDENTIAL HOMESTEAD <br /> Tax Capacity Calculation: Market Value Rate Tax Capacity <br /> 1st$500,000 of Market Value 100,000 1.00% 1,000 <br /> Remainder of Value 0 1.25% 0 <br /> Totals 100,000 1,000 <br /> Tax Calculation: <br /> Tax Capacity times Net Rate: $1,012.27 <br /> Ref.Market Value times MV Rate: 66.39 <br /> HTC on 1st$76,000 304.00 <br /> Phaseout (21.60) <br /> Homestead Credit: (282.40) <br /> TOTAL TAX BEFORE ASSESSMENTS $796.26 <br /> Classification: SEASONAL RECREATIONAL <br /> Tax Capacity Calculation: Market Value Rate Tax Capacity <br /> 1st$76,000 of value 76,000 1.00% 760 <br /> $76,000-$500,000 of MV 24,000 1.00% 240 <br /> Remainder of Value 0 1.25% 0 <br /> Totals 100,000 1,000 <br /> Tax Calculation: <br /> Tax Capacity times Net Rate: $1,012,27 <br /> State Tax at 29.0%Rate 157.76 <br /> Local MV Tax 0.00 <br /> TOTAL TAX BEFORE ASSESSMENTS $1,170.03 <br /> =zazzza. aa=azzaa=zz <br /> Classification: COMMERCIAL/INDUSTRIAL <br /> Contribution Value: 0.000000% <br /> Fiscal Disparity Areawide Rate: 145.326% <br /> Tax Capacity Calculation: Market Value Rate Tax Capacity <br /> 1st$150,000 of value 100,000 1.50% 1,500 <br /> Remainder of Value 0 2.00% 0 <br /> Totals 100,000 1,500 <br /> Fiscal Disparity Tax Capacity 0 <br /> Tax Calculation: <br /> Tax Capacity times Net Rate: $1,518.41 <br /> Ref.Market Value times MV Rate: 66.39 <br /> State Tax at 51.0%Rate 765.00 <br /> TOTAL TAX BEFORE ASSESSMENTS $2,349.80 <br /> SHOWS THAT FOR SAME MARKET VALUE,THE CLASSIFICATION <br /> SIGNIFICANTLY AFFECTS THE AMOUNT OF TAX THAT WILL BE DUEI <br />