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11-07-1994 WS
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11-07-1994 WS
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7/2/2018 9:03:55 AM
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MV City Council
City Council Document Type
City Council Packets
Date
11/7/1994
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CHANGE IN ESTIMATED MARKET VALUE 1994 VS 1995 <br /> RESIDENTIAL PROPERTIES <br /> No change 41% <br /> 1% to 5% 46% <br /> 5% to 10.1% 13% <br /> The estimated 1995 tax capacity rate is 25.636% compared to the 1994 rate of 25.828%. This is a <br /> reduction in the tax capacity rate of 0.192%. Attached is a comparison of the 1994 and estimated <br /> 1995 property taxes on various residential properties. The 1995 tax increases on these properties range <br /> from 0.72%to 2.11%. The increases are entirely attributable to increases in the estimated market values <br /> of the properties. <br /> Staff awaits Council direction on the Proposed 1995 General Fund Budget. Should you have any <br /> questions please do not hesitate to contact me. <br /> Donald Brager, Finan Director <br />
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