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CC PACKET 08282001
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CC PACKET 08282001
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Last modified
12/30/2015 7:53:22 PM
Creation date
12/30/2015 7:53:08 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 08282001
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Column A—Anytown 59 <br /> This is the name of your city <br /> Column B-2500,000 <br /> This is the 2000 value used for identifying homesteads in your city that were above this <br /> hurdle number. This hurdle number was the result of multiplying the base_value (see above <br /> for the.definition of the base value) times the CPI change from 1995 to 2000 <br /> Column C-255,736 <br /> This is the 2001 value used for identifying homesteads in your city that were above this <br /> hurdle number. It is exactly like Column B, except the CPI change is now from 1995 to <br /> 2001. <br /> Column D-200,000 <br /> This is the 1995 sum of all houses having values above the base value. It represents only <br /> those houses that were above the base value, and reflects only the amount left over after <br /> subtracting the base value from each house valuation. For example: If a high priced house <br /> had a value of $ 240,000 and the base value for the city was $ 235,000, then that high <br /> priced house had an excess of 5,000 (240,000 — 235,000 = 5,000). This original amount <br /> does not change. This original figure is used as the basis to determine if you city has had <br /> any growth in high priced homes since 1995. <br /> Column E-250,000 <br /> This is the 2000 sum of the high priced homes having values above the current hurdle rate <br /> found in Column C. Like Column D, it represents only the excess amounts not the entire <br /> home value. <br /> Column F-50,000 <br /> Quite simply. this is Column E minus Column D. If your city has added higher priced <br /> homes since 1995 you should have a balance in this column. If you city has not seen an <br /> increase in the higher priced homes since 1995 there should be no balance in this column. <br /> There is no negative balance in this column. All negative values become zero. This <br /> number is the basis for all subsequent calculations-on this form. <br /> Column G-12,500.00 <br /> This number is your increased growth in higher priced homes (Column F) multiplied by <br /> you city's local tax rate (Column K). It represents the extra property taxes received by <br /> your city on the higher priced homes identified in Column E. <br />
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