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20. <br /> <br />A property with a two story building has an E.M.V. of $100,000. Each owner has an <br />undivided 1/2 interest in the property. The first floor consists of a hardware store <br />and the second floor contains three apartments of equal value. One of the owners <br />occupies one of the apartments on the assessment date. The hardware store <br />consists of 40%of the E.M.V. <br /> <br />Class 3c <br /> <br />Class 3dd <br />Class 3dd <br />Class 4a <br />Class 3dd <br />Class 4a <br /> TOTAL A.V. <br /> <br />(1/2 Homestead) <br />$13,500X 16%= $ 2,160 (Subject toH.C.) <br />$ 6,500 X 28% = $ 1,820 (Subject to H.C.) <br />$10,000X 28%= $ 2,800 (Subject toH.C.) <br />$20,000 X43%= $ 8,600 (Subject toH.C.) <br />$30,000 X 28%= $ 8,400 (Non-Homestead) <br />$20,000X43%= $ 8~600 (Non-Homestead) <br /> ~32,380 <br /> <br />H.C.A.V. = $15,380 <br />Q.T.A.V. = $32,380 <br /> <br />21. <br /> <br />A 3 plax has an E.M.V. of $75,000 and is classified Non-Homestead Residential on <br />January 2. The owner occupied the property prior to June I and qualified for a <br />mid-year homestead. The owner's apartment has an E.M.V. of $25,000. <br /> <br />Class 3c <br />Class 3dd <br />Class 3dd <br /> TOTAL A.V. <br /> <br />$13,500 X 16%= $ 2,160 <br />$24,000 X 28%= $ 6,720 <br />$37,500 X 28% = $10~500 <br /> $19,380 <br /> <br />(Subject to H.C.) <br />(Subject to H.C.) <br />(Non-Homestead) <br /> <br />H.C.A.V. = $ 8,880 <br />Q.T.A.V. = $19,380 <br /> <br />22. <br /> <br />A 3 plax has an E.M.V. of $75,000 and is occupied by one of the two people who <br />own the property in joint tenancy. The value of the apartment occupied by the <br />owner is $25,000. The other two apartments are. tenant occupied. <br /> <br /> (1/2 Homestead) <br /> Class 3c $13,500 X 16% = $ 2,160 (Subject to H.C.) <br /> Class 3dd $24,000 X 28% = $ 6,720 (Subject to H.C.) <br /> Class 3dd $37,500 X 28% = $10~500 (Non-Homestead) <br /> TOTAL A.V. $19,380 <br /> <br />H.C.A.V. = $ 8,880 <br />Q.T.A.V. = $19,380 <br /> <br />I <br />I <br />I <br />I <br /> <br />23. <br /> <br />A single family dwelling has an E.M.V. of $48,000 and each owner has an undivided <br />1/2 interest in the property. One of the owners occupies the dwelling on the <br />assessment date. <br /> <br />Class 3c <br />Class 3c <br />Class 3dd <br /> TOTAL A.V. <br /> <br />$13,500 X 16% = $ 2,160 (Subject to H.C.) <br />$10,500 X 22% = $ 2,310 (Subject to H.C.) <br />$24,000 X 28% = $ 6~720 (Non-Homestead) <br /> $11,190 <br /> <br />H.C,A.V. = $ 4,480 <br />Q.T.A.V. = $11,190 <br /> <br />-9- <br /> <br /> <br />