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On July 1, 1987, tax increment district: <br /> <br /> T <br />I(A) '(B) <br /> $35,000 ' <br /> ~ $31,000 <br /> <br /> '(D) <br />l(c) ., -, <br /> $26,000 , $320,000 <br /> <br />(mill rate increase) <br /> <br />total assessed value = $412,000 <br />base assessed value = $100 ~000 <br />captured assessed value = $312,000 <br /> <br />If 110 mill combined mill rate: <br /> <br />.110 x $100,000: $11,000 <br />.110 x $312,000 = $34}320 <br /> $45,320 <br /> <br />base taxes <br />tax increment <br />total taxes <br /> <br />On July 1, 1988, tax ~ncrement district: <br /> <br /> $35,000 <br /> <br />'(c) <br /> $-0- <br /> <br />(B) <br /> $31,000 ' <br /> <br />(D) <br /> $320,000 <br /> <br />(public ownership) ' <br /> <br />total assessed value = $386.,000 <br />-base assessed value = $ 75~'000 <br />captured assessed value = $311,000 <br /> <br />.110 x$ 75,000 = $ 8,250 <br />.110 x-$311,000 = $34}210 <br /> $42,460 <br /> <br />base taxes <br />tax increment <br />total taxes <br /> <br /> <br />