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<br />HISTORICAL NET ASSESSED VALUATIONS OF THE CITY OF SOUTH BEND
<br />(Per St: Joseph County Auditor's Office)
<br />Year Real Personal
<br />Payable Estate Utilities Property Total
<br />1984 $282,089,259 $20,873,970 $114,996,397 $417,959,626
<br />1985 281,152,034 21,973,060 103,898,740 407,023,834
<br />1986 284,893,744 20,967,360 127,172,176 433,033,280
<br />1987 285,897,178 20,633,920 123,167,379 429,698,477
<br />1988 290,297,209 20,850,010 122,907,516 434,054,735
<br />1989 292,823,013 20,343,450 121,251,803 434,418,266
<br />1990 494,756,776 20,268,470 131,705,499 646,730,745*
<br />1991 450,489,492 23,934,710 140,156,562 614,580,764
<br />1992 447,541,974 25,291,440 144,739,673 617,573,087
<br />1993 451,886,055 24,673,830 146,769,523 623,329,408
<br />NOTE: The real property assessment in Indiana that was effective March 1, 1979, was based upon 1975
<br /> costs of land, material and labor, and applied to 1979 taxes payable in 1980 through 1988 taxes
<br /> payable in 1989. The real property reassessment effective March 1, 1989 is based upon 1985
<br /> costs of land, material and labor, and will apply to 1989 taxes payable in 1990 through 1994
<br /> taxes payable in 1995. For taxing purposes, assessments are made at 33 1/3 % of true tax value.
<br /> Net assessed valuations represent the assessed value less certain deductions, such as deductions
<br /> for mortgages, veterans, the aged, the blind and tax-exempt property.
<br />According to the St. Joseph County Auditor's office, the 1990 net assessed valuation was
<br />reduced by approximately $40,950,137 to $605,780,608 due to appeals following reassessment.
<br />A-14
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