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Property Tax Comparison


(Assumes a 4.2 percent increase in estimated market value)

Actual Taxes Payable 2020
  $240,000
Residential Value
Median
Residential Value
$335,900
Residential Value
$431,900
Residential Value
Estimated market value $240,000 $327,400 $335,900 $431,900
Homestead value exclusion $(15,600) $(7,800) $(7,000) -
Taxable market value $224,400 $319,600 $328,900 $431,900
Net city tax $749 $1,065 $1,097 $1,439

 

Estimated Taxes Payable 2021
  $250,000
Residential Value
Median
Residential Value
$350,000
Residential Value
$450,000
Residential Value
Estimated market value $250,000 $341,200 $350,000 $450,000
Homestead value exclusion $(14,700) $(6,500) $(5,700) -
Taxable market value $235,300 $334,700 $344,300 $450,000
Net city tax $779 $1,106 $1,138 $1,487

 

Dollar Change $30 $41 $41 $48