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1995 CC Minutes
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1995 CC Minutes
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<br />Commercial Industrial Taxes Based upon various tax capacity rates <br />Industrial property with $500,000 value <br />$100,000 x 3% = $3,000 <br />$400,000 x 46% = $18,400 <br />$500,000 = $21,400 <br />$21,400 x .35717 = $7,643 1995 Rate <br />$21,400 x .3747 = $8,019 Comparison Rate <br />$21,400 x .3926 = $8,402 Comparison Rate <br />$21,400 x .3969 = $8,494 1996 Proposed Rate <br /> <br />1996 <br />Tax Rate <br />.35717 <br />.3969 <br /> <br />1995 <br />1996 <br /> <br />Tax Rate % <br />Increase <br />o <br />11.2% <br /> <br />Proposed <br />1996 Levy Est <br />$282,304 1995 <br />$313,722 1996 <br /> <br />$500,000 Industrial <br /> <br />Tax Rate <br />.35717 <br />.3747 <br />.3926 <br />.3969 <br /> <br />Tax <br />$7,643 <br />$8,019 <br />$8,402 <br />$8,494 <br /> <br />Tax Increase <br />o <br />$ 382 <br />$ 765 <br />$ 851 <br /> <br />% Tax Increase <br />o <br />5.0% <br />10.0% <br />11.1% <br /> <br />PROPTX.WPS 11/17/95 <br /> <br />Monthly Increase <br />o <br />$ 31.83 <br />$ 63.75 <br />$ 70.92 <br />
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