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HIGHEST LAWFUL LEVY CALCULATION) Z/
<br />WITH 11% BANKED PLUS 1% HHL = 12% INCREASE
<br />TAXING DISTRICT Co Flood Control Est 11-20-18 2018 Levy for 2019 Taxes
<br />A. Highest regular tax which could have been lawfully levied beginning with the 1985 levy (refund levy not included).
<br />Year 2018 $3,062,970.69 x 101.000% _ $3,093,600.40
<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 />$179,241,826 0.070209000000 - $1,000 - $12,584.39
<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 />$491,026,853 - $464,116,285 = $ 26,910,568.00
<br />Current Year's. A.V. Previous Year's. A.V. Remainder
<br />$26,910,568 x 0.070209000000 _ $1,000 = $1,8L_.__
<br />Remainder from Line C Last Year's Levy Rate
<br />D. Regular property tax limit: ....... ......... ................. ...... ............. A+B+C = $3,108,074.15
<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, excludinq the annexed area.
<br />$3,108,074.15 - $7,436,615,666 x $1,000 = 0.417942016852
<br />Total in Line D Current Assessed Value
<br />F. Annexed area's current assessed value including new construction and improvements, times the rate in Line E.
<br />X 0.417942016852 J. $1,000 =
<br />Annexed Area's A.V. Rate in Line E
<br />G. Regular property tax limit including annexation ....................................... D+F = $3,108,074.15
<br />-I. Statutory maximum rate times the assessed value of the district.
<br />$7,436,615,666 x 0.500000000000 _ $1,000 = $3,718,307.83
<br />A.V- of District Statutory Rate Limit _ Statutory Amount
<br />I. Highest Lawful Le of G and H -------------------------- _ $3,108,074.15
<br />9 Levy (Lesser )
<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)
<br />K. Tax Base for Excess and Voted Bond Levies
<br />2. Less assessed value of the senior citizen exemption of less than $40,000 income
<br />difference between the lower of the frozen or market value and the exempt value)
<br />3. Plus Timber Assessed Value (TAV)..................................................
<br />4. Tax base for excess and voted bond levies ......................................... (1-2+3)
<br />Excess Levy Rate Computation
<br />Excess levy amount divided by the assessed value in Line K4 above.
<br />- $7,389,561,816 x $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 />$7,389,561,816 x $1,000 -
<br />Amount A.V. from Line K4 above
<br />Page 1
<br />REV 64 0007 (9/11/15)
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