257,000 Properties in Montgomery County Generate Revenue of about $800M

NOW

PROPOSED

# props

Low Value

High Value

0.902

Grand Total

0.500

0.650

1.000

1.300

Total

Grand Total

18,000

$0

$100,000

7.00%

$301

$5,412,000

$167

$167

$3,000,000

36,000

$100,001

$200,000

14.00%

$1,203

$43,296,216

$667

$667

$24,000,120

116,000

$200,001

$400,000

45.10%

$2,255

$261,580,785

$667

$1,067

$1,733

$201,067,169

52,000

$400,001

$600,000

20.20%

$4,059

$211,068,352

$667

$2,367

$3,033

$157,733,559

19,000

$600,001

$800,000

7.40%

$6,013

$114,253,448

$667

$2,367

$4,300

$7,333

$139,333,523

8,000

$800,001

$1,000,000

3.10%

$7,817

$62,538,715

$667

$2,367

$6,300

$9,333

$74,666,747

6,000

$1,000,001

$1,500,000

2.30%

$10,523

$63,140,036

$667

$2,367

$6,300

$12,800

$22,133

$132,800,106

1,000

$1,500,001

$2,000,000

0.40%

$15,033

$15,033,339

$667

$2,367

$6,300

$19,300

$28,633

$28,633,351

1,000

$2,000,001

$5,000,000

0.40%

$27,060

$27,060,006

$667

$2,367

$6,300

$36,633

$45,967

$45,966,684

86% of property owners pay lower property taxes

257,000

100.00%

$803,382,897

$807,201,259

$0.902/$100 of assessed value

$0.500/$100 of assessed value up to $200,000

$0.650/$100 of assessed value on the next $400,000

$1.000/$100 of assessed value on the next $900,000

$1.300/$100 of assessed value on anything over $1,500,000