CCP 07-25-1994 - Laserfiche WebLink

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- ~ ---I , _ ---i All properties with tax exempt status and abutting new street recon- - ; -.... struction. street reconstruction or bituminous overlay improvements - ...... 1 shall be assessed 100% of the cost of the improvement on a front :------ footage basis in accordance with the proper equivalent assessment rate. a) New Street Construction L 1. Residential Property ! All residentially zoned properties with frontage abutting ---" ~ construction of a new street shall be assessed on a front .' f:. --" footage basis for 100% of the cost of the street construction - plus all associated overhead costs. This 100% assessment i- -, rate shall apply regardless of the street's classification I (local. collector, arterial. trunk highway): designation _i . (County State-Aid Highway, Municipal State-Aid Street); or .a jurisdiction (State, County or City). - 2. Commercial/Industrial Property -'I All commercially or industrially zoned properties with frontage abutting construction of a new street shall be . .- assessed on a front footage basis for 100% of the cost of the . street construction plus all associated overhead costs. This l. 100% assessment rate shall apply regardless of the street's .:.. classification (local, collector, arterial, trunk highway); .] . - designation (County State-Aid Highway, Municipal State-Aid . - Street); or jurisdiction (State, County or City). . b) Street Reconstruction L 1. Residential Equivalent Assessment Rate . All residentially zoned properties with frontage abutting a 1 T. street which is reconstructed shall be assessed on a front ----'- ~ foot basis at the residential equivalent assessment rate. l . 31 7' - .-