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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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2,934,416,881 |
X |
0.02 |
= |
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58,688,338 |
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| Class 3 |
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1,248,525,048 |
X |
0.04 |
= |
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49,941,002 |
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| Class 4 |
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405,201,641 |
X |
0.04 |
= |
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16,208,066 |
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| Total RBV |
$ |
4,594,858,146 |
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Total WAV |
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$ |
124,904,551 |
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| Amount
to be raised by levy (Current Year
projected revenue X 101% + % for Assessor): |
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$ |
10,845,063 |
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112 |
% |
$ |
12,146,471 |
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| Divide by the |
TOTAL WEIGHTED ASSESSED
VALUE |
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(Total WAV) |
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$ |
124,904,551 |
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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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0 |
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| and
this will = the Class 1 Levy Rate in cents per $100
of |
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| assessed
valuation |
(use 2 decimal places here) |
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¢ |
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0.0972 |
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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 |
9.72 |
¢ |
X 2
= |
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19.44 |
¢ |
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Class 3 & 4 Rate: |
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| Class
1 Rate |
9.72 |
¢ |
X 4
= |
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38.88 |
¢ |
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