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04/03/84
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04/03/84
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Last modified
7/21/2025 3:51:08 PM
Creation date
2/24/2004 2:49:57 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Planning and Zoning Commission
Document Date
04/03/1984
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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 />I <br />I <br />I <br />I <br /> <br />TAx <br /> <br />INCREMENT <br /> <br />HYPOTHETICAL <br /> <br />municipal boundary <br />project boundary <br /> <br />iax increment <br />district boundary <br /> <br />On July 1, 19;82, !tax incremerit district: <br /> <br />On July I, 1985,; tax increment district: <br /> <br /> (certified) <br /> <br />total assessed value: $100,000 <br /> <br />F T "1 <br />,(a) , (B) , <br />' $30,000 ',$27,000 ~ <br />I I <br />I I <br />I- ' -~ <br />,(¢) , ,(~) , <br />I I <br />! $:22,000 ' <br /> a $300,000 ~ <br /> <br />(developed) <br /> <br />total assessed value = $379,000 <br />base assessed value = $100,000 <br />Captured assessed value = $279,000 <br /> <br />If 100 miU combined mill rate-(county, school district, special districts and <br />municipality): <br /> <br />.100 x $100,000 = $10,000 <br />.100 x $279,000 = $27~900 <br /> $3?,900 <br /> <br />base taxes <br />tax increment <br />total taxes <br /> <br /> <br />
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