Will your garbage tax rate go up?
Yes, if your SEV taxable is less than $35,740 ($71,480 House)
You will get a TAX INCREASE
What was your cost for garbage and recycling pickup for 1999?
1999 Cost = 2.77 Mills + $2 per month (1Mill= $1per $1000 SEV taxable )
1999 Cost = .00277 * SEV taxable + $24
What will be your cost for garbage and recycling pickup for 2000?
2000 Cost= $10.25 per month
2000 Cost= $123
Now we set 1999 Cost equal to the 2000 Cost and this will tell what SEV taxable will have the same costs for 1999 and 2000.
1999 Cost = 2000 Cost
Use algebra to solve for SEV taxable
0.00277*SEV taxable + $24 = $123
0.00277*SEV taxable = $99
SEV taxable = $35,740
If your SEV taxable is MORE than $35,740 ($71,480 House) you will get a
TAX BREAK.
If your SEV taxable is LESS than $35,740 ($71,480 House) you will get a
TAX INCREASE.
Conclusion. The only rates that will remain the same are those properties with a SEV taxable of $35,740. All SEV taxable rates LOWER than this amount will see a tax increase. All SEV taxable rates HIGHER than $35,740 will see a decrease. This is clearly a shift of the TAX burden form the rich to the poor.
What is your SEV taxable ?
How do you compare to others?
.
Garbage Cost 1999 |
Garbage Cost 2000 |
2000 Cost - 1999 Cost Tax Break or Tax Increase |
James Palenick SEV taxable = $67,400 $134,800 House @2.77 Mils= $186.72 $186.72+$24=$210.72 |
$10.25 * 12 =$123 |
$123- $210.72 = -$87.72 Tax Break of $87.72 |
Bay City Times (1 Building) SEV taxable =$490,856 $ 981,712 Business @2.77Mils=$1,359.67 $ 1359.67+$24= $1,383.67 |
$10.25 * 12 =$123 |
$123-$1,383.67=-$1,260.67 Tax Break $1,260.67 |
Jennison (1 Condo) SEV taxable =$ 90,156 $ 180,312 Condo @2.77Mils=$ 249.73 $ 249.73 +$24 = $273.73 |
$10.25 * 12 =$123 |
$123 -$273.73 = -$150.73 Tax Break of $150.67 |
Breakers Cove (1 Condo) SEV taxable =$76,477 $152,954 Condo @2.77Mils=$211.84 $ 211.84 +$24 = $235.84 |
$10.25 * 12 = $123 |
$123 - $235.84 = $ 112.84 Tax Break of $112.84 |
1999 Average Homeowner SEV taxable = $27,300 $54,600 House @2.77 Mils= $75.62 $75.62 + $24 = 99.62 |
$10.25 * 12 =$123 |
$123 - $99.62 = $ 23.38 Tax Increase of $23.38 |
Joe Homeowner SEV taxable = $10,000 $20,000 House @2.77 Mills=$27.70 $27.70+$24=$51.70 |
$10.25 * 12 =$123 |
$123 - $51.70 =+ $71.30 Tax Increase of $71.30 |
Will $10.25 per month generate more money for James Palenick to spend next year?