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Property Tax Comparison


(Assumes a 6.8 percent increase in estimated market value)

Actual Taxes Payable 2017
  $234,100
Residential Value
Median
Residential Value
$327,700
Residential Value
$421,400
Residential Value
Estimated market value $234,100 $277,800 $327,700 $421,400
Homestead value exclusion $(16,200) $(12,200) $(7,700) -
Taxable market value $217,900 $265,600 $320,000 $421,400
Net city tax $799 $973 $1,172 $1,542

 

Estimated Taxes Payable 2018
  $250,000
Residential Value
Median
Residential Value
$350,000
Residential Value
$450,000
Residential Value
Estimated market value $250,000 $296,700 $350,000 $450,000
Homestead value exclusion $(14,700) $(10,500) $(5,700) -
Taxable market value $235,300 $286,200 $344,300 $450,000
Net city tax $826 $1,004 $1,208 $1,577

 

Dollar Change $27 $31 $36 $35