Tax Report Schedule 2: Summary of impact on $100,000 assessed value (2020)

Schedule 2: 2021 Tax Rates

Summary of impact on $100,000 assessed value (2020)

Changing Tax Ratios (shown in red text)	Prior Year	Scenario D: Increase Class 6 multiple so that representative property increase is 0%	Proposed: Scenario D multiples with increase Class 8 multiple to 5.1
Utilities	17.5739	17.1286	17.1428
Light industry	3.3385	3.3385	3.3385
Business	3.5500	3.6933	3.6933
Rec/Non profit	4.7265	4.7265	5.1000
Farm	9.2315	9.2315	9.2315

Resulting Tax Rates	Class	Prior Year	Scenario D	Proposed
Residential	1	2.2761	2.33528	2.33334
Light industry	5	7.59875	7.79632	7.78987
Business and other	6	8.08015	8.62488	8.61774
Rec/Non profit	8	10.75798	11.03769	11.90005
Farm	9	21.0118	21.55811	21.54026

Resulting Taxes:	Prior Year Taxes on $100,000 Property	Prior Year $100,000 Property Adjusted by 2021 Market	Market % Chg	Scenario D $ Chg	Scenario D % Chg	Proposed $ Chg	Proposed % Chg
Residential Single Family	228	104,966	5%	18	7.7%	17	7.6%
Residential Strata	228	101,548	2%	10	4.2%	9	4.1%
Total Residential	228	103,515	4%	14	6.2%	14	6.1%
Business and other	808	94,687	-5%	9	1.1%	8	1.0%
Rec/Non profit	1,076	104,736	5%	80	7.5%	171	15.9%
Farm	2,101	103,058	3%	121	5.7%	119	5.6%

Note: $ Chg per $100,000 assessment is the estimated change in property taxes per $100,000 based on 2020 assessments, adjusted by the average increase in assessments for the property class or segment in 2021. For example, a residential single-family property that was $100,000 in 2020 is projected to have an assessed value of $104,966 in 2021, based on the total percentage change for that property class/segment. The projected dollar change in taxes shown above ($ Chg) includes the effect of the assessed value increase AND the impact of the applicable scenario.