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01-28-1998 Council Agenda
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01-28-1998 Council Agenda
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EXHIBIT `B" <br />Sample Calculation of Annual Payment <br />Estimated Market Value — Land <br />Estimated Market Value — Buildings <br />Total EMV <br />1997 4(c) class rate — land <br />1997 4(c) class rate — buildings <br />4(d) class rate — land & buildings <br />Non 4(d) class rate — land <br />Non 4(d) class rate — buildings <br />Percentage of 4(d) EMV <br />City Tax Capacity Rate <br />(2.9 % -1.0 %) <br />Land <br />4(d) Non -4(d) <br />$ 200,000 <br />65% <br />$ 130,000 <br />1.90% <br />2,470 <br />$ 200,000 <br />35% <br />$ 70,000 <br />(3.4 % -2.9 %) 0.50% <br />350 <br />$200,000 (Apply Actual Number) <br />800,000 (Apply Actual Number) <br />$1,000,000 <br />3.40% <br />2.30% <br />1.00% <br />2.90% <br />2.00% <br />65% <br />20% <br />EMV <br />EMV % <br />Class Rate Difference <br />Tax Capacity <br />Total Tax Capacity <br />City Tax Capacity Rate <br />Payment Due City <br />Page 83 <br />(Use This Number) <br />(Use This Number) <br />(Apply Actual Number) <br />(Apply Actual Number) <br />(Apply Actual Number) <br />(Use This Number) <br />(Apply Actual Number) <br />(2.3 % -1.0 %) <br />10,420 <br />20% <br />$ 2,084 <br />Buildings <br />4(d) <br />$ 800,000 <br />65% <br />$ 520,000 <br />1.30% <br />6,760 <br />(2.3 % -2.0 %) <br />Non -4(d) <br />$ 800,000 <br />35% <br />$ 280,000 <br />0.30% <br />840 <br />
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