The bottom line – what Mayor Jeff Speaker will pay

Last year Speaker paid a total from all taxing bodies of $4,390.31 after the state tax credit on his house assessed at $278,200. This year, using the city’s estimate of 16.5082 per $1,000 in value after the same credit, Speaker will pay $4,592.81.

It’s a total tax increase of 4.6% from all taxing jurisdictions.

You can figure this year’s tax estimate by multiplying your home’s ASSESSED value (not equalized) by 16.5082 and dividing by 1,000.

Happy check writing!