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C
<br />CITY OF MOUNDS VIFH, MIt.,FSOTA
<br />$1,250,000 GENERAL OBLIGATION
<br />BONDS, SFRIES 1986 A
<br />Residential
<br />Homestead Property
<br />TAX BILL IMPACT'
<br />PPFPAPFD DFCrmerp 1, 19P5
<br />BY SPRINGSTED INCORPORATED
<br />Mill Rate: 99. 165
<br />Estimated Increase: 2.230
<br />Estimated Mill Rate with Project: 101. 395
<br />SECTION A - 1986 PROJECTED TAX PAYMENT NITNOUT PROJECT
<br />Al Estimated Market Value: 40,000 50,000 601o0V 70,000 80,000 90,000 100,000 110,000 120,000
<br />A2
<br />Assessed Valuc:
<br />7,20n
<br />9,no0
<br />10,800
<br />13, 290
<br />16, 160
<br />19,060
<br />21, W
<br />24, 560
<br />21.?£0
<br />A3
<br />Cross Tax:
<br />711
<br />892
<br />1,071
<br />11315
<br />1,603
<br />1,890
<br />2, 178
<br />2,465
<br />2,753
<br />AI
<br />Less Homestead Credit:
<br />386
<br />492
<br />S79
<br />679
<br />479
<br />679
<br />679
<br />619
<br />679
<br />AS
<br />Property Tax Bill:
<br />!28
<br />410
<br />493
<br />636
<br />924
<br />1,211
<br />1,499
<br />1,786
<br />2,074
<br />SECTION B - 19116
<br />PROJErTED
<br />TAX
<br />PAYMENT
<br />WITH PROJECT
<br />el
<br />Va-taA market val _u•
<br />10 "0
<br />5M ,1O
<br />fO ,00
<br />7001O
<br />On ,V,n
<br />9n not
<br />inn n��
<br />� nAn
<br />•24,860
<br />,2n ,1Aa
<br />52
<br />Assessed Value:
<br />7,200
<br />9,000
<br />10,600
<br />13,260
<br />16,160
<br />19,060
<br />21,960
<br />27,760
<br />193
<br />Gross Tax:
<br />730
<br />913
<br />11095
<br />1,311
<br />1,639
<br />1,933
<br />2,227
<br />2,521
<br />2,015
<br />89
<br />Less Homestead Credit:
<br />394
<br />493
<br />591
<br />694
<br />694
<br />694
<br />694
<br />694
<br />694
<br />85
<br />Property Tax Bill:
<br />336
<br />420
<br />504
<br />650
<br />945
<br />1,239
<br />1, 533
<br />1,827
<br />2,121
<br />ESTIMATED
<br />1986 TAX INCPFASE
<br />DU"
<br />TO PROJECT:
<br />SR
<br />Stu
<br />$11
<br />$14
<br />$21
<br />S28
<br />$14
<br />$41
<br />:17
<br />-The above schedule shows the estimated :ncrease in taxes payable at various
<br />market vrlues if the estimated mill rate :nrrease due to the above project
<br />were added to the curreit mill rate for taxes payable rr 1986. The 9cnedu'u
<br />does not include the Property Tax Refund to which a taxpayer may he enu tlee..
<br />based on family income. It does, however, reflect the deduction of homestead
<br />credit whirh is automatically calculated aad deducted by the count,.
<br />r,atimated market aalue is the basis from which assessed value is calculated.
<br />This val,:e is not necessarily the price the property wouie bring if sold.
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