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05-02-2002 Parks Commission Agenda
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05-02-2002 Parks Commission Agenda
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Property Tax Analysis <br />500 Foot Cul-de-sac (7 Homes) <br />Based Upon 10 Lot Layout Prepared by City Planner <br />Less 3 Lots Lost due to Wetland Setback per Watershed Estimate <br />Home Value <br />$300,000 $500,000 <br /># of Homes 7 7 <br />Tax Capacity Per Unit 3000 5000 <br />otal Tax Capacity of Projec 21000 35000 <br />Total Tax Rate* 102.129% 102.129% <br />City Tax Rate** 29.671 % 29.671 <br />Total Tax $21,447 $35,745 <br />City Tax $6,231 $10,385 <br />*Total Tax Rate is based on 2002 Truth In Taxation Notices <br />**City Tax Rate is based on 2002 Truth In Taxation Notices <br />Property Tax Analysis <br />Connecting Street to Viking Drive (15 Homes) <br />Based Upon 21 Lot Layout Prepared by City Planner <br />Less 6 Lots Lost due to Wetland Setback Issues <br />Home Value <br />$300,000 $500,000 <br /># of Homes 15 15 <br />Tax Capacity Per Unit 3000 5000 <br />otal Tax Capacity of Projec 45000 75000 <br />Total Tax Rate* 102.129% 102.129% <br />City Tax Rate** 29.671% 29.671 <br />Total Tax $45,958 $76,597 <br />City Tax $13,352 $22,253 <br />
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