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Agenda - Council - 03/27/1984
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Agenda - Council - 03/27/1984
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
03/27/1984
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I <br /> I <br /> I <br />I <br /> <br /> I <br /> ! <br /> I <br />:1 <br /> I <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />4) Estimated Market Value - $520,600 <br /> <br />5) <br /> <br />1984 Proposed Legislation <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />1st $50,000 @ 29% : <br />2nd $50,000 @ 38% = <br /> <br />$420,600 @ 43% = <br /> <br />$ 14,500 <br /> 19,000 <br /> <br /> 18Gr858 <br /> <br />Total Assessed Value $214,358 <br />$214,358 x .1015211 (mill rate) <br /> <br /> = $21,761.86 Tax <br /> <br />Estimated Market Value - $71,745 <br /> <br />1984 Proposed Legislation <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />1st $50,000 @ 29% = $ 14,500 <br /> <br />$21,745 @ 38% = 8r263 <br /> <br />Total Assessed Value $ 22,763 <br /> <br />$22,763 x .1015211 (mill rate) <br /> <br /> = $2,310.92 Tax <br /> <br />6) Estimated Market Value - $9,400 <br /> <br />1984 Proposed Legislation <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />$9,400 @ 29% = $ 2,726 <br /> <br />$2,726 x .1015211 (mill rate) <br /> <br />= $276 Tax <br /> <br /> Present Law <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />1st $50,000 @ 34% = $ 17,000 <br />$470,600 @ 43% = 202f358 <br />Total Assessed Value $219,358 <br />$219,358 x .1015211 (mill rate) <br /> <br /> = $22,269 Tax . <br /> <br /> Present Law <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />1st $50,000 @ 34% = $ 17,000 <br /> <br />$21,745 @ 43% = 9~350 <br /> <br />Total Assessed Value $ 26,350 <br />$26,350 x .1015211 (mill rate) <br /> <br /> = $2,675 Tax <br /> <br /> Present Law <br />Regarding Small Business <br /> Property Tax Credit: <br /> <br />$9,400 @ 34% = $3,196 <br /> <br />$3,196 x .1015211 (mill rate) <br /> <br />= $324.46 Tax <br /> <br /> <br />
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