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City of Centerville <br />Residential Tax Changes F~camined <br />Although the Assessor's Office is considered by many to be the primary reason for any property <br />tax changes, there are actually several elements that can contribute to this change, including, <br />but not limited to: <br />• Changes in the approved levies of individual taxing jurisdictions. <br />• Bond referendum approvals. <br />• Tax rate changes approved by the State Legislature. <br />• Changes to the homestead credit, educational credits, agricultural aid, special programs (including <br />"This Old House", limitations on increases in value) approved by the State Legislature. <br />• Changes in assessed market value. <br />• Changes in the classification (use) of the property. <br />A combination of any of these factors can bring about a change in the annual property tax bill. <br />2008 Centerville Residential Ratio by Zone <br />Zone/Code Neighborhood Desc. #Sales Median Coefficient <br />CE01 -1 AGRICULTURAL 0 <br />CE01-2 DOWNTOWN CENTERVILLE 0 <br />CE01 -3 NORTHSIDE AVERGE 8 94.8 4.6 <br />CE01-4 2.5 TP 10 ACRE RES 0 <br />CE01 -5 LAKESHORE 1 NIA <br />CE01 -6 SOUTHSIDE AVERAGE 6 94.1 4.9 <br />CE01 -7 ABOVE AVERAGE RES 11 94.0 5.5 <br />CE01 -8 AVERAGE TOWNHOMES 6 95.2 4.5 <br />CE01 -9 ABOVE AVERAGE TOWNHOMES 2 97.8 2.2 <br />ALL ZONES <br />15 BANK SALES <br />8 FORCED SALES (short sales, etc) <br />34 94.8 6.1 <br />75 <br />