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7A - Payable 2018City of Otsego Property Tax Levy Calculations Payable 2018 Revised: June 5, 2017 Preliminary (6-12-2017) Levy Description 2015 2016 2017 2018 Change Change General Revenues 3,319,000 3,529,352 3,766,000 3,878,980 112,980 3.00% Tax Abatements 23,000 88,814 81,385 65,546 (15,839) -19.46% Debt Service Series 2010D & Series 2011A Series 2010B Kadler Street Project Sub -total Capital Reserves Pavement Management Trails Management Capital Equipment Parks Equipment Fire Department Storm Water Capital Improvements Sub -total Grand Total Tax Capacity Growth (%) Tax Rate 200,000 225,000 225,000 410,000 415,000 430,000 610,000 640,000 655,000 320,000 339,200 475,960 25,000 25,250 26,000 160,000 168,000 235,200 53,000 54,590 55,000 145,000 150,000 150,000 25,000 25,000 25,000 - - 160,200 728,000 762,040 1,127,360 215,000 (10,000) 440,000 10,000 53,710 53,710 708,710 53,710 600,000 124,040 30,000 4,000 242,256 7,056 56,000 1,000 160,000 10,000 26,000 1,000 - (160,200) 1,114,256 (13,104) 4,680,000 5,020,206 5,629,745 5,767,492 137,747 2.457 11, 358, 615 13,238,424 14, 873,116 16,186, 269 16.55% 12.35% 8.83% FLOATING 41.202 37.921 37.852 35.632 359,305 U:\Budget\2018\Property Taxes\Tax Levy Calculations 6-12-2017