City-Only Scenario | ||||||||||||||||
EXAMPLE: Average home in East Lawrence is rehabbed for an increased valuation of $10,676 | ||||||||||||||||
Appraised | Assessed | Property Tax | New Appraised | New Assessed | New Tax | Revenue-Plan | Added Value | Annual Re | Revenue Loss/Gain | |||||||
2007 | $ 169,693.00 | $ 19,514.70 | $ 514.41 | $ 180,369.00 | $ 20,742.44 | $ 546.77 | $ 516.03 | $ 10,676.00 | $ 30.75 | $ 1.62 | ||||||
2008 | $ 176,480.72 | $ 20,295.28 | $ 534.98 | $ 187,583.76 | $ 21,572.13 | $ 568.64 | $ 537.90 | $ 30.75 | $ 2.91 | |||||||
2009 | $ 183,539.95 | $ 21,107.09 | $ 556.38 | $ 195,087.11 | $ 22,435.02 | $ 591.39 | $ 560.64 | $ 30.75 | $ 4.26 | |||||||
2010 | $ 190,881.55 | $ 21,951.38 | $ 578.64 | $ 202,890.59 | $ 23,332.42 | $ 615.04 | $ 584.30 | $ 30.75 | $ 5.66 | |||||||
2011 | $ 198,516.81 | $ 22,829.43 | $ 601.78 | $ 211,006.22 | $ 24,265.72 | $ 639.64 | $ 608.90 | $ 30.75 | $ 7.12 | |||||||
2012 | $ 206,457.48 | $ 23,742.61 | $ 625.86 | $ 219,446.47 | $ 25,236.34 | $ 665.23 | $ 634.48 | $ 30.75 | $ 8.63 | |||||||
2013 | $ 214,715.78 | $ 24,692.31 | $ 650.89 | $ 228,224.33 | $ 26,245.80 | $ 691.84 | $ 661.09 | $ 30.75 | $ 10.20 | |||||||
2014 | $ 223,304.41 | $ 25,680.01 | $ 676.92 | $ 237,353.30 | $ 27,295.63 | $ 719.51 | $ 688.77 | $ 30.75 | $ 11.84 | |||||||
2015 | $ 232,236.59 | $ 26,707.21 | $ 704.00 | $ 246,847.43 | $ 28,387.45 | $ 748.29 | $ 717.55 | $ 30.75 | $ 13.55 | |||||||
2016 | $ 241,526.05 | $ 27,775.50 | $ 732.16 | $ 256,721.33 | $ 29,522.95 | $ 778.23 | $ 747.48 | $ 30.75 | $ 15.32 | |||||||
2017 | $ 251,187.09 | $ 28,886.52 | $ 761.45 | $ 266,990.18 | $ 30,703.87 | $ 809.35 | $ 778.61 | $ 30.75 | $ 17.16 | $ 338.20 | ||||||
2018 | $ 261,234.58 | $ 30,041.98 | $ 791.91 | $ 277,669.79 | $ 31,932.03 | $ 841.73 | $ 841.73 | $ - | $ 49.82 | |||||||
2019 | $ 271,683.96 | $ 31,243.66 | $ 823.58 | $ 288,776.58 | $ 33,209.31 | $ 875.40 | $ 875.40 | $ - | $ 51.81 | |||||||
2020 | $ 282,551.32 | $ 32,493.40 | $ 856.53 | $ 300,327.64 | $ 34,537.68 | $ 910.41 | $ 910.41 | $ - | $ 53.89 | |||||||
2021 | $ 293,853.37 | $ 33,793.14 | $ 890.79 | $ 312,340.75 | $ 35,919.19 | $ 946.83 | $ 946.83 | $ - | $ 56.04 | |||||||
2022 | $ 305,607.51 | $ 35,144.86 | $ 926.42 | $ 324,834.38 | $ 37,355.95 | $ 984.70 | $ 984.70 | $ - | $ 58.28 | $ 368.12 | ||||||
2023 | $ 317,831.81 | $ 36,550.66 | $ 963.48 | $ 337,827.75 | $ 38,850.19 | $ 1,024.09 | $ 1,024.09 | $ - | $ 60.62 | |||||||
2024 | $ 330,545.08 | $ 38,012.68 | $ 1,002.01 | $ 351,340.86 | $ 40,404.20 | $ 1,065.05 | $ 1,065.05 | $ - | $ 63.04 | |||||||
2025 | $ 343,766.88 | $ 39,533.19 | $ 1,042.09 | $ 365,394.50 | $ 42,020.37 | $ 1,107.66 | $ 1,107.66 | $ - | $ 65.56 | |||||||
2026 | $ 357,517.56 | $ 41,114.52 | $ 1,083.78 | $ 380,010.28 | $ 43,701.18 | $ 1,151.96 | $ 1,151.96 | $ - | $ 68.18 | |||||||
2027 | $ 371,818.26 | $ 42,759.10 | $ 1,127.13 | $ 395,210.69 | $ 45,449.23 | $ 1,198.04 | $ 1,198.04 | $ - | $ 70.91 | $ 696.43 | ||||||
2028 | $ 386,690.99 | $ 44,469.46 | $ 1,172.22 | $ 411,019.12 | $ 47,267.20 | $ 1,245.96 | $ 1,245.96 | $ 73.75 | ||||||||
2029 | $ 402,158.63 | $ 46,248.24 | $ 1,219.10 | $ 427,459.88 | $ 49,157.89 | $ 1,295.80 | $ 1,295.80 | $ 76.70 | ||||||||
2030 | $ 418,244.97 | $ 48,098.17 | $ 1,267.87 | $ 444,558.28 | $ 51,124.20 | $ 1,347.63 | $ 1,347.63 | $ 79.77 | ||||||||
2031 | $ 434,974.77 | $ 50,022.10 | $ 1,318.58 | $ 462,340.61 | $ 53,169.17 | $ 1,401.54 | $ 1,401.54 | $ 82.96 | ||||||||
2032 | $ 452,373.76 | $ 52,022.98 | $ 1,371.33 | $ 480,834.23 | $ 55,295.94 | $ 1,457.60 | $ 1,457.60 | $ 86.28 | ||||||||
2033 | $ 470,468.72 | $ 54,103.90 | $ 1,426.18 | $ 500,067.60 | $ 57,507.77 | $ 1,515.90 | $ 1,515.90 | $ 89.73 | ||||||||
2034 | $ 489,287.46 | $ 56,268.06 | $ 1,483.23 | $ 520,070.31 | $ 59,808.09 | $ 1,576.54 | $ 1,576.54 | $ 93.32 | ||||||||
2035 | $ 508,858.96 | $ 58,518.78 | $ 1,542.56 | $ 540,873.12 | $ 62,200.41 | $ 1,639.60 | $ 1,639.60 | $ 97.05 | ||||||||
2036 | $ 529,213.32 | $ 60,859.53 | $ 1,604.26 | $ 562,508.04 | $ 64,688.43 | $ 1,705.19 | $ 1,705.19 | $ 100.93 | ||||||||
2037 | $ 550,381.85 | $ 63,293.91 | $ 1,668.43 | $ 585,008.37 | $ 67,275.96 | $ 1,773.39 | $ 1,773.39 | $ 104.97 | ||||||||
2038 | $ 572,397.13 | $ 65,825.67 | $ 1,735.16 | $ 608,408.70 | $ 69,967.00 | $ 1,844.33 | $ 1,844.33 | $ 109.17 | ||||||||
$ 32,254.10 | $ 33,945.12 | $ 1,691.03 | ||||||||||||||
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