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How can I calculate what tax impact this would have on my own taxes?

Here is an example of how to calculate the tax impact of the referendum on a home with a FAIR MARKET VALUE of $100,000

Fair Market Value                                             $100,000
Divided by one-third to arrive at EAV $33,333.33
No exemptions applied -0-
Net Taxable Value $33,333.33
Divide by 100 $333.33
Multiply by increase of 21 cents

$70.00 – this is the tax impact on a home with a FAIR MARKET VALUE OF $100,000

 

Fair Market Value $100,000
Divided by one-third to arrive at EAV $33,333.33
Less Homeowners Exemption -$6,000
Net Taxable Value $27,333.33
Divide by 100 $273.33
Multiply by increase of 21 cents $57.40 - this is the tax impace on a home with a FAIR MARKET VALUE of $100,000 and a Homstead Exemption of $6,000

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