Laserfiche WebLink
I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />i <br /> <br />28. <br /> <br />FACTS: <br /> <br />VALUE: <br /> <br /> FRACTIONAL HOMESTEAD <br /> <br />480 ACRE FARM, TWO OWNERS WITH EACH HAVING UNDIVIDED <br />ONE-HALF INTEREST, ONE OWNER OCCUPYING PROEPRTY. <br /> <br />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) = <br />$33,000 X19%= $ 6,270) <br /> <br />$10,050 Homestead Credit Portion <br />Agricultural Credit Portion <br />(80 acres and 1/2 the buildings) <br /> <br />Class 3 <br /> Total <br /> <br />Parcel B <br /> <br />$60,000 X 19%= $11~400 <br /> $21,45'~ <br /> <br />Class 3b <br />Class 3b <br />Class 3 <br /> Total <br /> <br />Parcel C <br /> <br />$20,000 X 19%= $ 3,800 <br />$20,000 X19%= $ 3,800 <br />$40,000 X19%= $ 7~600 <br /> $15,200 <br /> <br />Homestead Credit Portion (40 acres) <br /> <br /> : <br /> <br /> Class3b $40,000 X 19% = <br /> Class3 $40,000 X19%= <br /> Total <br />Total Asse~ed Value <br /> <br />$ 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 />ParcelB 80 acres $ 7~600 A.V. <br />Total 160 acres $17,650 <br /> <br /> <br />