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Property Tax Changes Due To Proposed Revenue Neutral Tax Rate

The following chart shows what effect the proposed revenue neutral tax rate would have on real property that was valued at $100,000 in 2010, when compared to values ranging from $90,000 to $110,000 as a result of the 2011 Reappraisal:

 

Current Tax Rate

Revenue Neutral Tax Rate

0.514 ¢  (per $100 of value)

0.5413 ¢ (per $100 of value)

FY10-11 Value/Rate

FY11-12 Value/ RN* Rate

Difference

Value

$100,000.00

$90,000

Tax

$514.00

$487.17

$ (26.83)

Value

$100,000.00

$95,000

Tax

$514.00

$514.24

$0.24

Value

$100,000.00

$100,000

Tax

$514.00

$541.30

$27.30

Value

$100,000.00

$105,000

Tax

$514.00

$568.37

$54.37

Value

$100,000.00

$110,000

Tax

$514.00

$595.43

$81.43
*RN = Revenue Neutral Tax Rate