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HIGHEST LAWFUL LEVY CALCULATION
<br />TAXING DISTRICT City of Roslyn -Est 11-14-17 w/1% bk cap 2017 Levy for 2018 Taxes
<br />A. Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
<br />Year 2017 $204,283.12 )( 101 .000% = $206,325.95
<br />Highest Lawful Levy Maximum Increase 101%
<br />B. Current year's assessed value of new construction, improvements, and wind turbines, solar, biomass, and geothermal
<br />facilities in original districts before annexation occurred times last year's levy rate (if an error occurred or an error correction
<br />was made in the previous year, use the rate that would have been levied had no error occurred).
<br />$725,570 2.248069000000 + $1,000 ~ $1 ,631 .13
<br />A.V. Last Year's Levy Rate
<br />C. Current year's state assessed property value less last year's state assessed property value. The remainder is to be
<br />multiplied by last year's regular levy rate (or the rate that should have been levied).
<br />$4,997,512 -$3,557,261 = $ 1,440,251.00
<br />Current Year's. A.v, Previous Year's. A.V . Remainder
<br />$1,440,251 x 2.248069000000 ... $1,000 = $3 ,237.78
<br />Remainder from Line C Last Year's Levy Rate
<br />D. Regular property tax limit: ........................................................ A+B+C = $211,194.86
<br />Parts E through G are used in calculating the additional levy limit due to annexation .
<br />E. To find the rate to be used in F, take the levy limit as shown in Line D above and divide it by the current assessed value of
<br />the district, excluding the annexed area.
<br />$211,194.86 + $89 ,622,630 x $1,000 = 2 .356490319465
<br />Total In Line 0 Current Assessed Value
<br />F. Annexed area's current assessed value including new construction and improvements, times the rate in Line E.
<br />x 2.356490319465 + $1,000 =
<br />Annexed Area's AV. Rate in Line E
<br />G. Regular property tax limit including annexation ....................................... D+F = $211,194 .86
<br />H. Statutory maximum rate times the assessed value of the district.
<br />$89.6;22 ,63,!) )( 3.375000000000 + $1,000 ::: $302 ,476.38
<br />A.V. of District· SlatutOI\' Rale Limit StatutOI\' Amounl
<br />I. Highest Lawful Levy (Lesser of G and H) .......................................... = $211.194 .86
<br />J. Tax Base For Regular Levy
<br />1. Total district taxable value (including state-assessed property, and excluding
<br />boats, timber assessed value, and the senior citizen exemption for the regular levy) $89,622,630
<br />K. Tax Base for Excess and Voted Bond Levies
<br />2. Less assessed value of the senior citizen exemption of less than $35,000 income
<br />difference between the lower of the frozen or market value and the exempt value) $919,110
<br />3. Plus Timber Assessed Value (T AV) ................. , ............ , ...................
<br />4 . Tax base for excess and voted bond levies ......................................... (1-2+3) $88,703,520
<br />Excess Levy Rate Computation
<br />Excess levy amount divided by the assessed value in Line K4 above.
<br />+ $88,703,520 IC $1,000
<br />Levy Amount A.v. from Line K4 above
<br />Bond Levy Rate Computation
<br />Bond levy amount divided by the assessed value in Line K4 above.
<br />+ $88,703,520 )( $1,000 =
<br />lev AmO UrLJ A.V. from Line K4 above
<br />Page 1
<br />REV 64 0007e (x) (7/29/14)
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