Agenda - Council - 03/27/1984 - Laserfiche WebLink

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I I I I I I I i '1 I I I I I I I I 1) Estimated Market Value - $291,955 1984 Proposed Legislation Regarding Small Business Property Tax Credit: 1st $50,000 @ 29% = 2nd $50,000 @ 38% = $191,955 @ 43% = $ 14,500 19,000 82r540 Total Assessed Value $116,040 $116,040 x .1015211 (mill rate) = $11,781 Tax 2) Estimated Market Value - $359,660 1984 Proposed Legislation Regarding Small Business Property Tax Credit: 1st $50,000 @ 29% = 2nd $50,000 @ 38% = $259,660 @ 43% = $ 14,500 19,000 111r654 Total Assessed Value $145,154 $145,154 x .1015211 (mill rate) = $14,736 Tax 3) Estimated Market Value - $993,161 1984 Proposed Legislation Regarding Small Business Property Tax Credit: 1st $50,000 @ 29% = 2nd $50,000 8 38% = $893,161 @ 43% = $ 14,500 19,000 384#059 Total Assessed Value $417,559 $417,559 x .1015211 (mill rate) = $42,391 Tax Present Law Regarding Small Business Property Tax Credit: 1st $50,000 @ 34% = $ 17,000 $241,955 @ 43% = . 104t041 Total Assessed Value $121,041 $121,041 x .1015211 (mill rate) = $12,288 Tax Present Law Regarding Small Business Property Tax Credit: 1st $50,000 @ 34% = $ 17,000 $309~60 @ 43% = 133,154 Total Assessed Value $150,154 $150,154 x .10~5211 (mill rate) = $15,244 Tax Present Law Regarding Small Business Property Tax Credit: 1st $50,000 8.34% = $ 17,000 $943,161 @ 43% = . 405~559 Total Assessed Value $422,559 $422,559 x .1015211 (mill rate) = $42,899 Tax