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26. <br /> <br />FACTS: <br /> <br />VALUE: <br /> <br /> MID-YEAR HOMESTEAD <br /> <br />300 ACRES FARM, ONE OWNER OCCUPYING PROPERTY ON JUNE 1 FOR A <br />MID-YEAR HOMESTEAD <br /> <br />BUILDINGS, $40,000 LAND, 300 x $500/AC = $150,000 <br /> <br />A <br />160 AC <br />Bldgs. <br /> <br />$ 40,000 <br /> 80,000 <br />$120,006 <br /> <br />B <br />140 AC <br />$ 70,000 <br /> <br />TOTAL EsT~hATED MARKET VALUE <br />;F'oTj~L A'SSESSEI~ VALUE <br /> <br /> Assessed ValUe Breakdown <br /> <br /> Parcel A <br /> <br /> Class3b $27,000 X 14%= $ 3,780 = <br /> Cla~s3b $33,000 X19%= $ 6,270 <br /> <br /> Class3 $60,000 X 19%=.$11,400 <br /> Total $21,450 <br /> <br />$190,000 <br />$ 34,750 <br /> <br />$10,050 Homestead Credit Portion <br />(80 acres and 1/2 the buildings) <br /> <br />Parcel B <br /> <br /> Class3b $20,000 X 19%= <br /> Class3b $15,000 X 19%= <br /> Class3 $35,000 X 19%= <br /> Total <br />Total Assessed Value <br /> <br />$ 3,800 Homestead Credit Portion (40 acres) <br />$ 2,850 <br />$ 6,650 ~. <br />$13,300 :. <br />$34,750 <br /> <br />'VALUE ~ND ACREAGE'SUBJECT'TO '18 MILL AGRICULTURAL-AID CREDIT <br /> <br />Parcel A 80 acres <br />Parcel B 70 acres <br /> ]~g0 acres <br /> <br />$10,050 A~V. <br />$ 6~650 A;V. <br />$16,700 A.V. <br /> <br />REMAINING 150 ACRES AND $17,050 IS SUBJECT TO 10 MILL AG. AID CREDIT <br /> <br />-14- <br /> <br /> <br />