2007-103-RES-Calling Two Public Hearings to receive Public Comment on the City's Proposal to increase total Tax Revenues by $395,705 or 4.94% from the preceding Tax Year

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Form 50-.9r iReu. OS-OfiI10j I,Backi Comparison of Residence Homestead Values Average appraised and taxabie values on residence homesteads are compared from the preceding tax year and the current tax year. Average residence homestead appraised value Homestead exemptlon amount for the taxing unit (excluding special exemptions for persons 65 years of age or older or disabled) Average taxable value of a residence homestead (excluding special exemptlons for persons 65 years of age or older or disabled) Preceding Tax Year Current Tax Year ~ 58,927.00 $_ 60,621.00 $ 80.00 $ 84.00 $ 58,847.00 $ 60,537.00 Comparison of Residence Homestead Taxes Thetaxesthatwould havebeen Imposed intheprecedingtaxyearonaresidencehomesteadattheaverageappra2 edvalue 348.5 (excluding special exemptions for persons 65 years of age or olderordisabled)are estimated to be $ raised The taxes that would be imposed in the current tax year on a residence homestead appraised at the average app I e in the current tax year (excluding special exemptlons for persons 65 years of age or older or disabled), if the pro- va u posed tax rate is adopted, are estimated to be $ 358.53 .The difference between the amount of taxes on the average residence homestead in the current tax year, if the proposed tax rate is adopted, and the preceding tax year would be an increase of $ 1____001___.