Laserfiche WebLink
The City has also estimated the tax generation for both of the proposed land use plans and they are <br />attached as Exhibits A and B. These projections are based upon the current tax capacity, rates and <br />the City's current taxing rate. They do not take into account the creation of additional tax increment <br />financing CrlF) districts or the effects of any construction in an existing TIF districts. <br /> <br />Listed~below are the property types and valuations for the City. These figures are based upon the <br /> <br />assessed 1994/payable 1995 taxes. <br /> <br /> Agriculture <br /> Residential Homestead <br /> Residential Non-Homestead <br /> Commercial/Industrial <br /> Public Utilities <br /> :Railroad Right-of-way <br /> Personal Property <br /> - Total Valuation <br /> <br /> Yaluation <br /> $12,081,400 <br /> 425,709,700 <br /> 15,434,700 <br /> 35 ,O46,200 <br /> 1,164,000 <br /> 603,100 <br /> 9.091,900, <br />.$499,131,000 <br /> <br />Using these total figures, the City currently has 7 percent of its total land value in <br />commercial/industrial property. This is down from previous years when the ratio was at 9:1 (10 <br />percent) for residential to commercial/industrial. This may be due to the large number of single <br />famil~homes that have been constructed over the last couple of years. <br /> <br />I <br />I <br /> I <br /> I <br /> i <br /> ! <br /> I <br /> I <br /> I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br /> I <br /> I <br /> I <br /> <br /> <br />