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<br />1983 Estimated Taxes - Tax Rate - .72/100 X 549,297,550 = $3,954,942
<br />543,252,140 - 1982 Values before exet~ptions
<br />20,000,000 - 1983 Estimated new construction
<br />563,252,140 - 1983 Estimated taxable value before exemptions
<br />-13,954,590 - 1983 Estimated exemptions
<br />549,297,550 - 1983 Estimated taxable value
<br />1984 Estimated Taxes Without Optional Residential Homestead Exemption
<br />563,252,140 - 1983 Estimated value
<br />20,000,000 - 1984 Estimated new construction
<br />583,252,140 - 1984 Estimated value before revaluation
<br />-384,946,410 - Less Industry
<br />198,305,730 - 1984 Estimated values less industry
<br />x40 - Revaluation (estimated)
<br />79,322,292 - 1984 Estimated revaluation values
<br />583,252,140 - Estimated values before revaluation
<br />662,574,432 - 1984 Estimated taxable value before exemptions
<br />-14,704,590 - 1984 Estimated exemptions
<br />647,869,840 - 1984 Estimated taxable value
<br />647,869,840 x .63694/100 = 4,126,542
<br />1984 Estimated Taxes With Optional Residential Homestead Exemption
<br />563,252,140 - 1983 Estimated value
<br />20,000,000 - 1984 Estimated new construction
<br />583,252,140 - 1984 Estimated taxable value before revaluation
<br />-384,946,410 - 1982 Industrial District
<br />198,305,730 - 1984 Estimated Values less Industry
<br />x40 - 1984 Estimated percent of revaluation
<br />79,322,292 - 1984 Estimated revaluation values
<br />583,252,140 - 1984 Estimated taxable value before revaluation
<br />662,574,430 - 1984 Estimated taxable value before exemptions
<br />-53,904,590 - 1984 Estimated exemptions (with Optional Res. Homestead Exemption)*
<br />608,669,840 - 1984 Estimated taxable value
<br />*Average value of hcenestead 35,000 x 40~ = 14,000
<br />2800 homesteads at 14,000 = 39,200,000
<br />39,200,000 + 14,704,590 = 53,904,590
<br />608,669,840 x .64187/100 = $3,906,869
<br />1982 Example of Residential Hanestead without exemption - Lt. 25, Blk. 20, F.P.II
<br />43;810 x .72/100 = $315.43
<br />1983 Example of Residential Hcanestead without exemption - Lt. 25, Blk. 20, F.P.II
<br />43,810 x .72/100 $315.43
<br />1984 Example of Residential Homestead without exemption - Lt. 25, Blk. 20, F.P.II
<br />with 40~ estimated revaluation
<br />43,810 x 40~ = 17,520 + 43,810 = 61,330 x .63694/100 = $390.64
<br />1984 Example of Residential Homestead with 40$ Optional Residential Homestead
<br />Exemption + 40o Estimated Revaluation - Lt. 25, Blk. 20, F.P.II
<br />43,810 x 40~ = 17,520 + 43,810 = 61,330 x 40~ = 24,530
<br />61,330 - 24,530 = 36,800 x .64187/100 = 236.21
<br />1982 530,047,550 x .72/100 = $3,816,344 - 1982 Taxes Receivable
<br />1983 549,297,550 x .72/100 = $3,954,942 - 1983 Estimated Taxes Receivable
<br />1984 647,869,840 x .63694/100 = 4,126,542_- 1984 Estimated Taxes Receivable
<br />Without Opt. Res. Hcenestead Exemption
<br />1984 608,669,840 x .64187/100 = 4,198,351 - 1984 Estimated Taxes Receivable
<br />With Opt. Res. Homestead Exemption
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