MOVE

FIGURE OUT YOUR PROPOSED TAX INCREASE

APRIL 9TH, 2014 BY AMY PRIMORAC

Want to know how much your taxes could go up under the latest budget proposal?  Here’s how:

  • Simply subtract the first number you generated (current) from the second (proposed) and you’ll have how much your taxes will go up in a year.
  • We then took the extra step of dividing the result by 12.   This tells you in real terms how much more per month you’d be spending.
  • Bottom line:  for most families in Monroe, the cost of the proposal is a net $3-$5 per week.

Here were our results:

4 bedroom colonial built in 1972:

  • Assessment of $263,380
  • Current Tax:  $8023.07
  • Proposed Tax:  $8199.84
  • Difference:  $176.77 or $14.73/month.

3 bedroom ranch built in 1957:

  • Assessment of $237,440
  • Current Tax:  $7220.55
  • Proposed Tax:  $7379.64
  • Difference:  $159.09 or $13.26/month.

4 bedroom colonial built in 1999:

  • Assessment of $411,670
  • Current Tax:  $12,518.88
  • Proposed Tax:  $12,794.70
  • Difference:  $275.82 or $22.99/month.

3 bedroom raised ranch built in 1981:

  • Assessment of $262,080
  • Current Tax:  $7,969.85
  • Proposed Tax:  $8145.45
  • Difference:  $175.60 or $14.63/month.

4 bedroom colonial built in 1006:

  • Assessment of $440,860
  • Current Tax:  $13,406.55
  • Proposed Tax:  $13,701.93
  • Difference:  $295.38 or $24.62/month.