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4. Wash Co Tax Impact InfoProposed Pay 2016 Property Tax Impact Worksheet Taxing District: 0400 Scandia STEP 1 - Calculate the Taxing District's Tax Rate: Item Actual Pay 2015 (A) Proposed Pay 2016 (B) % Change (C) 1. Levy before reduction for state aids $2,217,509 $2,257,871 1.8% 2. State Aids - $0 $0 0.0% 3. Certifed Property Tax Le - $2,217,509 $2,257.871 1.8% 4. Fiscal Disparity Portion of Levy - $119,346 $100,980 -15.4% 5. Local Portion of Levy $2,098,163 $2,156,891' 2.8% 6. Local Taxable Value 2016 is an ESTIMATE 6,060,643 5,875,148 -3.1 7. Local Tax Rate = 8. Market Value Referenda Levy 34.619% $0 36.712% $0 6.0% 0.0% 9. Fiscal Disparity Portion of Levy (SD only) - $0 $0 0.0% 10. Local Portion of Levy = $0 $0 0.0% 11. Referenda Market Value 2016isanESTIMATE 534,211,600 517,337,600 -3.2% 12. Market Value Referenda Rate =11 0.00000% 0.00000% 0.00/0 STEP 2 - Calculate the Impact of the Taxing District's Rate on Residential Homestead Taxes: 13. Assumes a -4.3% (n� r(=I 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. change in market value from 2015 to 2016, which is the city median change. Market Homestead Taxing Value Market Taxable District Before Value Market Tax Portion of Exclusion Exclusion Value CaDacity Tax Actual Pay 2015 Pay 2015 MV 76.000 @40% rem i) 9% (D) - (E) 500,000@1 0% rem @ 125% (A7 x G) + 1 (Al2 X D) 300.100 10,200 289,900 2,899 $1,003.60 104,500 27,800 76.700 767 $265.53 156,700 23,100 133,600 1,336 $462.51 261.200 13,700 247,500 2,475 $856.82 418,000 0 1 418,000 4,180 $1.447.07 Proposed Pay 2016 Pay 2016 MV X 0 957 76,000 @40% -rem (a@ 9% (D) - (E) 500,000@1.0% rem @ 1 25% (B7 x G) + (B12 x D) 287,200 11.400 275,800 2,758 $1,012.52 100,000 28,200 71,800 718 $263.59 150,000 231700 126,300 1.263 $463.67 250,000 14,700 235,300 2,353 $863.83 400,000 1,200 398,800 3.988 $1.464.07 Percentage Chan a from 2015 to 2016 -4.3% 11.8% -4.9% -4.9% 0.9% -4.3% 1.4% -6.4% -6.4% -0.7% -4.3% 2.6% -5.5% -5.5% 0.3% -4.3% 7.3% -4.9% -4.9% 0.8% -4.3% 0.0% -4.6% -4.6% 1.2Lojl