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CITY OF RAMSEY <br />District No. 11 <br /> <br />Tax Calculation for $60,000 Home <br />vs. $60,000 Commercial Property <br /> Collectable. 1984 <br /> .. <br /> City Portion <br /> <br />Assessed Value Calculation- Residential <br /> <br /> 1st $30,000 x.17 = $ 5,100 <br /> Znd $30,000 x .19 = 5,700 <br /> <br /> Total Assessed Value $10,800 <br /> <br />Tax Before Credits <br /> <br />$10,800 x .10157. = $1,096.42 <br />Homestead Credit. 54% of 1st $67,000 <br /> <br /> $1,096.4Z x .54 = $591.06 <br /> <br />Tax After Credit <br /> <br /> $1,096.4Z - $59Z.06 = $504.36 <br /> <br />City Share <br /> <br /> $10,800 x .01811 = $195.59 <br /> <br />City Share After Credit <br /> <br /> $195.59 x .54 = $105.6Z <br /> $195.59 - $105.6Z = $89.97 <br /> <br />Assessed Value Calculation - Commercial <br /> <br /> $50,000 x .34 = <br /> $10,000 x .43 = <br /> Total Assessed Value <br /> <br />Tax Calculation <br /> <br />$17,000 <br /> 4,300 <br /> <br />$21,300 <br /> <br />$21,300 x .01811 =$385.74 <br /> <br /> <br />