HomeMy WebLinkAbout08 23 1994 Tax IncreaseNOTICE OF TAX INCREASE
�%CP'nt
of Chubbuck has proposed to increase its annual budget by an
of ad valorem tax revenues that exceeds one hundred five
percent of the ad valorem tax revenues certified for its annual budget
during the previous year by 29.2 percent, or its ad valorem property tax
rate by 2T, which will increase its property tax revenue by 35.6
percent.
The following schedule is an estimate of what this change may mean
to a taxpayer.
Last
This Year's
Last
This
Year's
Estimated
Year's
Year's
Taxable
Taxable
Actual
Estimated
Value
Value
Taxes
Taxes
For a typical home
Of $50,000.00 taxable 500 $321.26 $475.18
value last year $50,0001 $58
For a typical farm
of $100,000 taxable
value last year $100,000 $100,000 $642.52 $812.28
For atypical Business
of $200,000 taxable
value last year $200,000 $204,000 $1,285.03 $1,657.03
All citizens are invited to attend a public hearing on the increased bud-
get request or increased b�1eo9h' at
m., in tie City Council Chambers, 5160 Ylwstone AveCbuk,
Fdaho 83202.
CAUTION TO TAXPAYERS: The amounts shown in this schedule do
not reflect tax charges that are made because of voterapprovedbond
levies, override Levies, supplemental to newllecreaes ted applicable
distectsy
annexed property, or levies applicabley
THIS IS A
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IN THE
-i- GE -6 176. ZZ •bnd
NOTICE OF TLX INCREA` E
The City of Chi_ibbuck has proposed to increase its annual budget bny
an a.mour:t of ad valorem tax revenues that exceeds one hundred five
percent of the ad valorem tax revenues certified for its annual
budget during the previous year by 29.2 percent, or its ad valorem
property tai: rate by 26.4, which will increase its property rax
revenue by 35.6 percent.
The following schedule is an estimate of what this change may mean
to a taxpayer:
For a typical homy
of Y50, 003 — 00 taxable
value last year
For a typical farm
of 4100,000. taxable
value last year
For a typical
Business of 4200,000.
taxable value last
year.
Last This year's Last
Year's estimated years
taxable taxable actual
val'up val'l.F taxes
�J21.26
5642.52
Tris
year's
estimated
taxes=
;475. i8
4812.28
4200,000. 4204,000. 41,265.03 41,657.03
Ail citizens are invited to attend a public hearing on the
increased budget request or increased tax collections on 1:ugust 23,
1894, at 7:300 p.m., in the City Council Chambers, 5160 Yellowstone
Z.ve., Chubbuck, Idaho 83202.
CAUTION TO TAXPAYERS: The amounts shown in this schedule do not
reflect tax charges that are made because of voter approved bond
levies, override levies, supplemental levies, or levies applicable
to newly annexed property, or levies applicable to newly created
taxing districts.