WORKSHEET 1: TRANSITION RATIOS, REVENUE-NEUTRAL BY CLASS

Column	(1)	(2)	(3)	(4)	(5)	(6)	(6a)
Property Class	Matched Year-end 2005 CVA	2006 CVA	2005 General Tax Rates	Annualized Year-end Taxes	Revenue Neutral 2006 Rates	Revenue Neutral Ratios	2006 Starting Tax Ratios
1. Residential	$1,000,000	$1,100,000	0.800000 %	$8,000	0.728814 %	1.000000	1.000000
2. Multi-residential	$500,000	$550,000	1.000000 %	$5,000	0.909091 %	1.247357	1.250000
3. New multi-residential	$0	$0	0.000000 %	$0	0.000000 %	0.000000	0.000000
4. Commercial
4a     Occupied	$800,000	$800,000
4b     Vacant Excess	$50,000	$50,000
4c     Vancany Adjustment	70%	70%
4d  Total Vacancy Adjusted	$835,000	$835,000	1.600000 %	$13,360	1.600000 %	2.195349	2.000000
5. Industrial
5a     Occupied	$500,000	$450,000
5b     Vacant Excess	$2,000	$1,800
5c     Vacany Adjustment	65%	65%
5d  Total Vacancy Adjustment	$501,300	$451,170	2.000000 %	$10,026	2.222222 %	3.049096	2.500000
6. Pipeline	$10,000	$10,200	0.600000 %	$60	0.588235 %	0.807114	0.750000
7. Farm	$200,000	$210,000	0.200000 %	$400	0.182203 %	0.250000	0.250000
8. Managed Forest	$100,000	$110,000	0.200000 %	$200	0.182203 %	0.250000	0.250000
Totals	$3,162,000	$3,282,000		$37,046

WORKSHEET 1: TRANSITION RATIOS, REVENUE-NEUTRAL BY CLASS

	Ratio Calculation Verification
Column	(7)	(8)	(9)	(10)
Property Class	Ratio Weighted 2006 CVA	Verification Rules	Verification Revenues	Revenue Difference
1. Residential	$1,100,000	0.728814 %	$8,017	$17
2. Multi-residential	$686,047	0.909091 %	$5,000	$0
3. New multi-residential	$0	0.000000 %	$0	$0
4. Commercial
4a     Occupied
4b     Vacant Excess
4c     Vancany Adjustment
4d  Total Vacancy Adjusted	$1,833,116	1.600000 %	$13,360	$0
5. Industrial
5a     Occupied
5b     Vacant Excess
5c     Vacany Adjustment
5d  Total Vacancy Adjustment	$1,375,660	2.222222 %	$10,026	$0
6. Pipeline	$8,233	0.588235 %	$60	$0
7. Farm	$52,500	0.182203 %	$383	-$17
8. Managed Forest	$27,500	0.182203 %	$200	$0
Totals	$5,083,056		$37,046	$0

Column Notes:

1. 2005 matched year-end assessment based on RTC's with taxable RTQ's of T, U, X, P, Q, R, H, J, K, and M. Also includes PIL RTQ's of F, G, V, W, Y, and Z.
   Enter the commercial and industrial vacancy adjustment factors adopted by the municipality (rows 4c and 5c).
   For row 4d, multiply row 4b by 4c and add 4a. For row 5d, multiply row 5b by 5c and add 5a.
   
2. 2006 current value assessment from roll as returned or adjusted based on RTC's with taxable RTQ's of T, U, X, P, Q, R. H, J, K, and M. Also includes PIL RTQ's of F, G, V, W, Y, and Z.
   Enter the commercial and industrial vacancy adjustment factors adopted by the municipality (rows 4c and 5c).
   For row 4d, multiply row 4b by 4c and add 4a. For row 5d, multiply row 5b by 5c and add 5a.
   
3. Single-tier or upper-tier general municipal tax rates including any 2005 levy increase under the levy restriction.
   
4. Product of respective rows in columns 1 and 3.
   
5. Row 1 residential rate is the sum of column 4, rows 1,3, 7, and 8 divided by sum of column 2, row 1 plus column 2, row 3 multiplied by the new multi-residential ratio adopted by the municipality
   plus 0.25 or farm ratio adopted by the municipality multiplied by column 2, row 7
   plus 0.25 multiplied by column 2, row 8.
   For row 2 and rows 4-6, divide respective rows in column 4 by respective rows in column 2
   For row 3, multiply column 5, row 1 by the new multi-residential ratio adopted by the municipality.
   For row 7, multiply column 5 row 1 by 0.25 or farm ratio adopted by the municipality.
   For row 8, multiply column 5 row 1 by 0.25.
   
6. For rows 1 to 6, divide respective rows in column 5 by column 5, row 1.
   For row 3, enter the new multi-residential ratio adopted by the municipality.
   For row 7, enter 0.25 or farm ratio adopted by the municipality. For row 8, enter 0.25.
   
7. Product of respective rows in columns 2 and 6.
   
8. Row 1 is the sum of column 4 divided by the sum of column 7.
   Rows 2 to 8 are products of column 8, row 1 multiplied by the respective rows in column 6.
   
9. Product of respective rows in columns 2 and 8.
   
10. For each row, take the difference between the respective rows in column 9 less column 4.
    Rows 2, 4d, 5d, and 6 should equal zero. Rows 1, 7, and 8 may vary. The sum of column 10 should equal zero.

DATE:__________________________	CLERK / TREASURER'S SIGNATURE:      ___________________________________
	MUNICIPALITY:   ___________________________________