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South Bend Chocolate Annexation Area 4 <br /> E. Buildings & Land Use <br /> The Annexation Area contains commercial and residential buildings and wooded land. <br /> Commercial, industrial, and agricultural uses are proposed for a development site including <br /> the Annexation Area. <br /> F. Zoning&Subdivisions <br /> The four properties in the Annexation Area are currently zoned "C" Commercial District (one <br /> property) and "M" Manufacturing Industrial District (three properties) in St. Joseph County. <br /> With the annexation petition, the petitioner seeks to rezone the land to "PUD" Planned Unit <br /> Development District in the City. Two parcels fall within the Keller & Hall Minor Subdivision <br /> and one parcel falls within the Cascino Second Minor Subdivision. One parcel is not located <br /> within any subdivision of record. <br /> G. Population <br /> No people currently reside in the Annexation Area. After development, no residents are <br /> proposed to live in the Annexation Area. <br /> H. Tax Rate & Impact <br /> The tax rates used are those of 2017 payable 2018. The total tax rate for unincorporated <br /> German Township is 2.5922 per $100 of taxable real estate. The total tax rate for South <br /> Bend German Township is 5.9453 per $100 of taxable real estate. <br /> Per State law, the tax caps expressed as a percentage of the gross assessed value for <br /> different classifications of property are as follows, regardless of the property's location being <br /> within South Bend or unincorporated St. Joseph County: <br /> Property Type Cap <br /> Homestead Residential 1.0% <br /> Non-Homestead Residential 2.0% <br /> Agricultural 2.0% <br /> Other (Commercial) 3.0% <br /> For at least the four years after the effective date of the annexation, the expected tax rates, <br /> tax levies, expenditure levels, service levels, and annual debt service payments are estimated <br /> to be approximately the same as those in effect at the time of annexation for each of the <br /> political subdivisions to which the proposed annexation applies. <br /> Because of the relatively small size of the Annexation Area and its assessed value relative to <br /> the total size and tax base of the various political subdivisions, this annexation is expected, for <br /> at least four years after the effective date of this annexation, to have a negligible impact on <br />