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• • Page -2- <br />10. 1985 Taxable value of property annexed since <br /> Jan. 1, 1984...... ... ....... ....... ... <br />~ $ -0- <br />11. 1985 to satisfy debt service <br />Tax levy needed <br /> <br />12 (I&S) <br />Rate .......... ........................... <br />to raise 1984 tax due levy to appraisal $ 2,049,176 <br />. roll errors (lost dollars divided by 1985 <br /> taxab le value) ............................... <br />1984 due to <br />t i $ 0/$100 <br />13. Rate n <br />to regain taxes los <br /> appra isal roll errors (lost dollars divided <br /> by 19 85 taxable values) ...... ....... ....... <br />• $ 0/$100 <br />14. 1984 lost 1.983 levy. <br />M&0 Taxes used to regain $ -0- <br />~', <br />II. CALCULATION <br />MAINTENANCE AND OPERATION (M&O) TAX RATE <br />1. (A) 1984 Total tax levy (Data 1) ............... $ 5,864 034 <br />(B) Subtract 1984 debt service levy (Data 4~)... $ 1,501,452 <br />(C) Subtract 1984 taxes on property no longer i n <br /> <br />(D) unit (Dat <br />Subtract a 5) ...... <br />1984 taxes ................ ...... <br />for exemptions (Data 6) $ <br />$ -0- <br />49,178 <br />(E) Subtract 1984 taxes for productivity <br /> valuation (Data 7) . ..... .......... ....... <br />~ $ ~ 42,838 <br />(F) Subtract 1983 taxes to regain lost <br />used <br /> 1983 taxe s used to regain lost 1983 levy <br /> <br />(G) (Data 14) <br />Ad <br />t <br />d ...... ... <br />1984 M&0 l ........................ <br />. <br />ev $ <br />$ -0- <br />4 <br />270 <br />566 <br /> jus <br />e y .................... , <br />, <br />2. (A) 1985 Total Taxable value of all property <br /> (Data 8). <br />. ....... ..... ......... ..... $ 826,090,950 <br />(B) Subtract 1985 value of new improvements <br /> (Data 9). . . ....... ....... ...... ...... $ 34,055,373 <br />(C) Subtract 1985 value of annexed property <br /> <br />(D) (Data 10) <br />Adjusted .. . <br />1985 ............................. <br />taxable value for M&0........ $ <br />$ -0- <br />792,035,577 <br />3. (A) Divide the adjusted 1984 M&0 levy (1-G <br />above) by the adjusted 1985 taxable value <br />for M&0 (2-D above) ($4,270,566 divided by <br />$792,035,577) ..............................$ .005391 <br />(B) Multiply by $100 valuation ...............x 100 <br />(C) Efective M&0 rate for 1985....•••••••••••••$ •5391/$100 <br />INTEREST AND SINKING (IBS) TAX RATE <br />4. (A) 1985 I&S levy needed to satisfy debt (Data <br />11) .......................................$ 2,049,176 <br />(B) 1985 Total taxable value for all property <br />(Data 8)........ ..... ...............$ 826,090,950 <br />(C) Divide the 1985 I&S•levy (4-A above) by <br />the 1985 total taxable value (4-B above) <br />($2,048,176 divided by 826,090,950).......$ .002481 <br />(D) Multiply by $100 valuation.. .............x $100 <br />(E) Effective I&S rate for 1985.......••••••••$•2481/$100 <br />APPRAISAL ROLL ERROR RATE <br />5. (A) Rate to raise the 1984 levy due to <br />appraisal errors (Data 12) ...............$ -0- <br />(B) Add rate to regain taxes lost due to <br />errors (Data 13)• •••••••••••••••••••••••$0/$100 <br />(C) Total rate to adjust for appraisal roll <br />errors ...................................$0/$100 <br />ps <br />