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I <br /> I <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />27, <br /> <br /> MID-YEAR HOMESTEAD <br /> <br />FACTS: 480 ACRE FARM, ONE OWNER, OCCUPYING PROPERTY ON JUNE 1 <br /> FOR A MID-YEAR HOMESTEAD <br /> <br />VALUE: BUILDINGS, $40,000 LAND, 480 X $500 A/C = $240,000 <br /> <br /> A <br /> 160 AC <br /> Bldgs. <br /> <br />$ 40,000 <br /> 80~000 <br />$120,000 <br /> <br />B C <br />160 AC 160 AC <br />$ 80,000 $ 80,000 <br /> <br />TOTAL ESTIMATED MARKET VALUE $280,000 <br /> <br />TOTAL ASSESSED VALUE <br /> <br />$ 51,850 <br /> <br />Assessed Value Breakdown <br /> <br />Parcel A <br /> <br />Class 3b <br />Class 3b <br /> <br />$27,000 X 14%= $ 3,780) = $10,050 Homestead Credit Portion <br />$33,000 X 19%= $ 6,270) (80 acres and 1/2 the buildings) <br /> <br />Class 3 <br /> Total <br /> <br />$60,000 X 19%= $11~400 <br /> $21,450 <br /> <br />Parcel B <br /> <br />Class 3b <br />Class 3b <br />Class 3 <br /> Total <br /> <br />$20,000 X 19%= $ 3,800 <br />$20,000 X 19%= $ 3,800 <br />$40,000 X 19%= $ 7~600 <br /> $15,200 <br /> <br />Homestead Credit Portion (40 acres) <br /> <br />Parcel C <br /> <br /> Class3b $40,000 X 19%= <br /> Class3 $40,000 X19%= <br /> Total <br />Total Assessed Value <br /> <br />$ 7,600 <br />$ 7~600 <br />$15,200 <br />$51,850 <br /> <br />VALUE AND ACREAGE sUBJECT TO 18 MILL AGRICULTURAL AID CREDIT <br /> <br />Parcel A 80 acres $10,050 A.V. <br />Parcel B 80 acres $ 7,600 A.V. <br />Total 160 acres $17,650 <br /> <br />-16- <br /> <br /> <br />