HomeMy WebLinkAbout3.c. Referendum/Financial Impact of Average Home CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Estimated Tax Impact for General Obligation Debt
DATE: July 30, 2010
Following is a chart shows the estimated tax impact for a $8,250,000 and a $10,700,000 GO
bond issue on sample assessed value levels.
Referendum Referendum
Assessed Increase Increase
Value @$8.25M @$10.7M
$150,000 $25 $33
200,000 34 44
250,000 42 55
300,000 51 66
500,000 84 110
750,000 137 179