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TAX COMPARISON ON PLATTED AND UNPLATTED LAND
<br />
<br /> Oxbow Addition
<br />
<br />Unplatted ag value $5,904
<br />
<br />$5,904 x 19% = $1,121.76 assessed value
<br />$1,121.76 x.098398 = $110.38 gross tax
<br />$110.38 x 15% = $16.57 ag credit
<br />$110.38 - $16.57 = $93.81 net tax
<br />CommercialEMV $66,400
<br />
<br />$66,400 x 43% = $28,552 assessed value
<br />$28,552 x .098398: $2,809.46 tax
<br />
<br />City share
<br />
<br />$1,121.76 x .017314 = $19.42
<br />
<br />$19.42 x 15% = $Z.91 ag credit
<br />
<br />$19.42- $2.91 = $16.51 net tax
<br />
<br />City share
<br />
<br />$28,552 x .017314 = $489.47 net tax
<br />
<br />River's Bend
<br />
<br />AgEMV $79,660
<br />
<br />$79,660 x 19% = $15,135 assessed value
<br />$15,135 x .098398 = $1,489.29 gross tax
<br />$1,489.29 x 15% = $223.39 ag credit
<br />$1,489.29 - $223.39 = $1,265.90 net tax
<br />PlattedEMV $3,575,500
<br />
<br />$3,575,500 x 28% = $1,001,140
<br />$1,001,140 x .098398 = $98,510 tax
<br />
<br />City share
<br />
<br />$15,135 x .017314 = $262.04
<br />
<br />$262.04 x 15% = $39.31
<br />
<br />$262.04 - $39.31 = $ZZZ.73 net tax
<br />
<br />City share
<br />
<br />$1,001,140 × .017314 = $17,333.74 net tax
<br />
<br />Flintwood Hill.~ Second Addition
<br />
<br />Unplatted residential EMV $48,575
<br />
<br />$48,575 x 28% = $13,601 assessed value
<br />
<br />$13,601 x .098398 = $1,338.31 tax
<br />
<br />Platted residential EMV $Z,604,000
<br />
<br />$2,604,000 x 28% = $729,120 assessed value
<br />
<br />$729,120 x .098398 = $71,743.95 tax
<br />
<br />City share
<br />
<br />$13,601 x .017314 = $235.49 net tax
<br />
<br />City share
<br />
<br />$729,120 x .017314 = $12,623.98 net tax
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