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<br /> Historical Net Assessed Valuations of the City of South Bend
<br /> (Per St. Joseph County Auditor's Office)
<br /> Personal
<br />Year
<br />Payable Real Estate Utilities Provert~_ Total
<br />-1981 $18,358,130 $112,828.,..582 $409,627,365
<br />653
<br />440
<br />$278
<br />1982 .
<br />,
<br />,
<br />874,483 18,957,970 114,710,976 .413,.543,429
<br />279
<br />1983 ,
<br />282,.619 20,455,950 122,148,057 .422,886,626
<br />280
<br />1984 ,
<br />089,259 20,873,970 114,99.6,397 417,959,626
<br />282
<br />1985 ,
<br />152,034 21,973,060 103,898,740 407,023,834
<br />281
<br />1986 ,
<br />893,744 20,967,360 127,172,176 433,033,280
<br />284
<br />87
<br />19 ,
<br />897,178 20,633,920 123,167,379 429,698,477
<br />285
<br />.
<br />1988 ,
<br />297,209 20,850,010 122,907,516 434.,054,735
<br />290
<br />1989 ,
<br />823,013 20,343,450 121,251,803 434,418,266
<br />292
<br />*
<br />1990 ,
<br />776 20,268,470 131,705,499 646,730,745
<br />756
<br />494
<br /> ,
<br />.,
<br />279,000 est.-~
<br />607
<br />1991 ,
<br />NOTE:. The real property assessment in Indiana that .was effective March 1,
<br />d
<br /> was based upon 1975 costs of land, material .and labor, an
<br />1979
<br /> ,
<br />applied to 1979 taxes payable in 1980 through 1988 taxes payable in
<br /> The real property reassessment effective March 1, 1989 and is
<br />1989
<br /> .
<br />based upon 1985 costs of land, material and labor, and will apply to
<br /> 1989 tares payable in '990 through 1994 taxes payable in 1995.. For
<br /> taxing purposes assessments are made at 33 1/3~ ofJtrue tax value. Net
<br />-
<br /> less certain
<br />assessed valuations represent the assessed value
<br /> deductions, such as deductions for mortgages, veterans, the aged, the
<br /> blind and tax-exempt property.
<br /> The net assessed valuations also do not include valuation of.the City's
<br /> Urban Enterprise Zone,- abated valuations, .and tax incremental assessed
<br /> valuation: The personal property assessed value of the Urban Enterprise
<br /> Zone totalled $24,468,820 for tax year payable 1990. This valuation is
<br /> removed from the tax rolls for a period of ten years which began in
<br /> 1984. Real and personal property tax abatements reduce the taxable
<br /> valuation of property by decreasing amounts over a term of up to ten
<br />848;630
<br />$32
<br />1990
<br /> .
<br />,
<br />was
<br />years. The total abated valuation in payable year
<br /> The tax incremental assessed valuation which will eventually become part
<br /> of the tax base totalled $28,447,694.
<br />* According to the St. Joseph County Auditor's office, appeals have been
<br /> filed regarding the property tax values; consequently, the net assessed
<br /> value is subject to change.
<br />
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