Sample Bill Calculation
(Supplemental (secured) tax - High Year Bill, FY97)
RA 001-012, Tax rate area (TRA)
determines the tax
rates applicable. This billing is for fiscal year 1997 taxes (7/1/97-6/30/98) based on new construction event date of
3/1/97. As of 7/1/97 the new owner possessed this property but has been billed for land value alone. improvement
value - a home - must be billed.
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Supplemental Bill Current fiscal year, 1997
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Bill Calculation
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Payment Distribution
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Assessed Value
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Effective date
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Amount-$
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As originally billed in FY97:
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Land Value (3)
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07/01/97
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7,780
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As billed forsupplemental in FY97:
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Land Value
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04/01/97
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7,780
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Improvement Value
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04/01/97
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25,037
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Net Assessed Value Difference (original vs. supplemental)
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25,037
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Proration period
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7/1/97-6/30/98
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1.00
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Prorated net assessed value
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25,037
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Tax rate-%
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Computation
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Both Installments
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General levy 1% - local government services (1)
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Gen. local govt.
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1.000000
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250.37
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County
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49.57
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Summary
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County Fire
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20.78
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distribution
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Cities
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15.02
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Special districts
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13.27
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Schools
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151.72
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Debt - voter approved bond or debt re-payment (1)
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KCWA Zn 7 debt
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0.041135
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10.30
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10.30
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KCWA Zn 17 debt
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0.014016
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3.51
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3.51
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KCWA Zn 19 debt
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0.021584
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5.40
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5.40
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Bkfld Sch Bd 89-A
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0.006426
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1.61
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1.61
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Bkfld Sch Bd 89-B
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0.007947
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1.99
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1.99
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Bkfld Ref A & B
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0.022692
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5.68
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5.68
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Bkfldrefnd 89C & 89D
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0.022878
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5.73
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5.73
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KHS Refunding 96
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0.035811
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8.97
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8.97
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Special district - voter approved debt re-payment (2)
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KCWA Imp #4
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0.009137
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2.29
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2.29
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Total
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295.84
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295.84
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Note: X=Multiplication
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(1) Formula: Net Assessed Value X Tax rates
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(2) Formula: Net Assessed Value less Mineral X Tax rates. (Land Value only may also be billed with a special tax rate).
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(3) FY96 land value incremented by Consumer Price Index (max. to 2% annually).
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