Tax Impact
Below is the tax comparison chart showing the effect on taxes based on the value of the home.
Taxable Value of Home | Taxes Owed if TRE Passes Rate of $1.20/$100 |
Taxes Owed if TRE Fails Rate of $1.2125/$100 |
Decrease if TRE Passes |
$400,000 | $4,800 | $4,850 | $50 |
$500,000 | $6,000 | $6,063 | $63 |
$600,000 |
$7,200 | $7,275 | $75 |
$700,000 | $8,400 | $8,488 | $87 |
$800,000 | $9,600 | $9,700 | $100 |
$900,000 | $10,800 | $10,913 | $113 |
$1,000,000 | $12,000 | $12,125 | $125 |
$1,100,000 | $13,200 | $13,338 | $138 |
$1,200,000 | $14,400 | $14,550 | $150 |