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August 26, 1985 <br />Page 2 <br />calculated the City's share of the property tax levy on these <br />three properties for several years now to provide a comparison on <br />those levies from one year to the next. The property having an <br />estimated market value of $55,4uu nas nad ita abnosseo <br />increased by S6b.UU causing an increase in the City's share of <br />property taxes of S0.49. The other two properties have had their <br />assessed valuations decreased by $4U7 and $372 respectively. <br />Those reductions and the small reduction in the estimated 1986 <br />mill rate combined to reduce estimated property taxes on those <br />properties by $6.38 and $5.85 respectively. Had assessed <br />valuationb u.r aii cnree properties not enangec, property laweo <br />On <br />them would have been reduced slightly due to the reduction in the <br />estimated mill rate for 1986. <br />should you have any questions do not hesitate to contact me. <br />D8/ds <br />Attachment <br />