Laserfiche WebLink
• <br /> 3111 Silver Lake Road: <br /> Purchase Price = $42,800 <br /> Current Market Value $ 40,000.00 <br /> Taxes '94 $ 546.00 <br /> Redeveloped Market Value $125,000.00 <br /> Taxes after redevelopment $ 2.431.00 <br /> Increase is annual taxes collected $ 1,885.00 <br /> Years to pay back: <br /> Purchase Price $ 42,800.00 <br /> • Incedentials $ 2,000.00 <br /> Less: <br /> Sale of lot ($30.000.00 <br /> Net Costs $ 14,800.00 <br /> A) All Taxing Districts: <br /> $14,800/1885.00 = 7 3/4 Years to Pay Back <br /> B) City Portion of Taxes only: <br /> ($2431.00 X Current Tax Rate .26442 = $643.00) <br /> New City Tax Portion $643.00 <br /> Less Old City Tax Portion $144.00 <br /> Increase $499.00 <br /> • $14,800/$499.00 = 29 2/3 Years to Pay Back <br />