| WORKSHEET |
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| CALCULATING THE REDUCED LEVY RATE |
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ROLL BACK VALUE |
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WEIGHTED |
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| CLASS |
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(Column D) |
X |
WEIGHTING |
= |
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ASSESSED VALUE |
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| Class 1 |
$ |
6,714,576 |
X |
0.01 |
= |
$ |
67,146 |
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| Class 2 |
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2,329,464,771 |
X |
0.02 |
= |
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46,589,295 |
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| Class 3 |
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1,038,002,371 |
X |
0.04 |
= |
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41,520,095 |
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| Class 4 |
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346,345,482 |
X |
0.04 |
= |
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13,853,819 |
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| Total RBV |
$ |
3,720,527,200 |
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Total WAV |
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$ |
102,030,355 |
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| Amount
to be raised by levy (Current Year
projected revenue X 101% + % for Assessor): |
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$ |
9,915,387 |
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103 |
% |
$ |
1,021,284,861 |
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| Divide by the |
TOTAL WEIGHTED ASSESSED
VALUE |
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(Total WAV) |
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$ |
102,030,355 |
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result of this division is then multiplied x 100 |
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(use 4 decimal places here) |
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10 |
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this will = the Class 1 Levy Rate in cents per $100
of |
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valuation |
(use 2 decimal places here) |
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1001 |
¢ |
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| The
Class 2, 3, and 4 Levy Rates are determined by multiplying |
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Class 1 Rate as follows: |
DO NOT USE RATES IN
EXCESS OF 2 DECIMAL PLACES |
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Class 2 Rate: |
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| Class
1 Rate |
10.01 |
¢ |
X 2
= |
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20.02 |
¢ |
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Class 3 & 4 Rate: |
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| Class
1 Rate |
10.01 |
¢ |
X 4
= |
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40.04 |
¢ |
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