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• Additional debt <br />following: <br />Original <br />Issue Amount <br />1988 $ 1,800,000 <br />1992 4,760,000 <br />Total <br />Tax Increment Revenue Debt <br />is of October 2, 1998 which is not an obligation of the City includes the <br />Final Outstanding <br />Maturi 10/2/98 Purpose <br />2/01/05 $ 1,550,000 Tax Increment Revenue Bonds <br />2/01/04 3,640,000 Tax Increment Refunding Revenue Bonds <br />$ 5,190,000 <br />Assessed Valuation <br />Assessed valuation of real and personal property represents approximately one-third of true <br />tax value and is net of exemptions. <br /> City of South Bend <br />Payable Year Net Assessed Valuation <br />1994 $ 625,471,912 <br />1995 633,025,530 <br />1996 609,271,039 <br />• 1997 611,845,695 <br />1998 619,151,749 <br />Record of Taxes Levied and Collected <br />City of South Bend Totals <br /> Current and <br />Collection Delinquent <br />Year Levied Collected <br />1993 $ 34,280,698 $34,017,611 99.2% <br />1994 35,582,379 35,286,188 99.2 <br />1995 37,400,187 .37,654,344 100.7 <br />1996 39,952,871 39,425,356 98.7 <br />1997 40,843,172 39,294,436 96.2 <br /> Total Tax Rates <br /> City of South Bend, Portage Township <br /> (Per $100 Assessed Valuation) <br />Total Civil City and County Tax Rates (by year payable) <br /> 1994 1995 1996 1997 1998 <br />State $ .0100 $ .0100 $ .0100 $ .0100 $ .0100 <br />B-4 <br />