05-12-14 Council Agenda & Packet

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SECTION V -FOR AREAS, EXCEPT FOR A RESIDENTIALLY DISTRESSED AREA, WHERE THE STATEMENT OF BENEFITS WAS APPROVED BEFORE JULY 1, 2013 -DEDUCTION SCHEDULE PER IC 6-1.1. 12.1.17 YEAR OF DEDUCTION /ASSESSED VALUE /PERCENTAGE /DEDUCTION" YEAR OF DEDUCTION /ASSESSED VALUE / PERCENTAGE /DEDUCTION ** (1) For deductions allowed over a 1 year period: (8) For deductions allowed over a solim (8) year pence: 1 20_ pay 20_ $ 100% • _% § 1 20_ pay 20_ $ 100% (2) For deductions allowed over a two (2) year period: 2 20_ pay 20_ $ 88% 3 20,_pay 20_ $ 75% •_% 5 1 20_ pay 20_ $ 100% • __% $ 4 20_ pay 20_ $ 83 % 63% 2 20_psY2O_ $ 50% - _% $ 5 20-- pay 20_ $ (3) For deductions allowed over a Three (3) year period: 8 20_ pay 20_ $ 38% 7 20 pay 20_ $ 25% *_% $ 1 20 — pay 20_ $ 100% •_% $ 8 20 pay 20_ $ 13% ' % $ 2 20_ pay 20_ $ 66% ' _% $ 3 20_ pay 20_ $ 33% ' _% $ (9) For deductions allowed over a nine (9) year period: (4) Fordeductions allowed over a four(4)year period: 1 20 pay 20_ $ 100% •_% $ 2 20 pay 20_. li 88% •_% $ 1 20_ pay 20_ § 100 °h • __% $ 3 20 ._ pay 20_ $ 77% • § 2 20_ pay 20_ $ 75% • _% $ _% 4 20_ pay 20_ $ 66% • $___ 3 20_ pay 20_ 5 50°/ ' _% $ _% 5 20_ pay 20_ $ 55% • $ 4 20_ pay 20_ $ 25% ' _% $ _% 6 20_ pay 20 44% • _% $ (5) For deductions allowed over a five (5) year period: 7 20_ pay 20_ Ii 33% • _% $ 8 20_ pay 20_ $ 22% • $ 1 20 pay 20_ § 100% % 8 _% 9 20_ pay 20_ $ 11% • / $ 2 20_ pay 20_ $ 80% • _% $ 3 20 pay 20_ $ 60% •_% $ (10) For deductions allowed over a ton (10) year pedod: 4 20_ pay 20_ $ 40% ' _% $ 1 20 pay 20_ $ 100% •_/ $ 5 20_ pay 20_ $ 20% • _% $ 2 20— 20_ $ 95% • _% g (6) For deductions allowed over a six (6) year period: 3 20_ pay 20_ g 80% - _% $ 4 20_ pay 20_ 5 65 % - $ 1 20 pay 20_ $ 100% •_% $ _% 5 20_ pay 20_ $ 50% `_% $ 2 20_pay 20_ $ 85% •_% $ 6 20 pay 20_ $ 40% •_% $ 3 20_ pay 20_ $ 66% ` % 8 7 20_ pay 20_ $ 30% • % 4 20_ P6Y 20. $ 50% --% % $ _ 8 20_ Pay 20— 20% • § 5 20_ pay 20_ $ 34% • $ _% 9 20_ pay 20_ $ 10% • $ 6 20 pay 20_ $ 17% '_% $ _% 10 20 pay 20_ $ (7) For deductions allowed over a seven (7) year penes: 1 20 pay 20_ $ 100% ' $ ` The deduction percentages shown in this section apply to a statement _% of benefits approved before July 1, 2013, that did not have an alternative 2 20 pay 20_ $ 85% '_% $ deduction schedule adopted bythe designating body. All other abatements 3 20 20_ $ 71% •_% $ shall use the percentages reflected in the abatement schedule adopted 4 20_ pay 20_ $ 57% • % $ by the designating body per IC 6 -1.1- 12.1 -17. 5 20` pay 20_ $ 43 °% • $ ** 6 20_ pay 20_ $ 29% - _% $ The amount of the deduction shall be adjusted annually to reflect changes _-A to the assessed valuation resulting from a reassessment or an appeal of 7 20_ pay 20_ $ 14% _h $ the assessment per IC 6 -1.1- 12.1 -4 (b). SECTION VI - FORA RESIDENTIALLY DISTRESSED AREA WHERE THE STATEMENT OF BENEFITS WASAPPROVED BEFORE JULY 1, 2013 DEDUCTION SCHEDULE PER -IC 6 -1.1 -02.1.17 TYPE OF DWELLING DEDUCTION IS THE LESSER OF: DEDUCTION IS ALLOWED FORA FIVE (5) [IC 6-1.1- 12.1- 4.1(b)] YEAR PERIOD WHICH INCLUDES YEARS: ❑ One (I) familydwelling Assessed value (after rehabilitation or redevelopment) S or $74.680 AV , pay__ through_ pay_ ❑ Two (2) family dwelling Assessed value (after rehabilitation of redevelopment) S or 6106,080 AV , pay_ through_ pay ❑ Three (3) unit mull'Aamiy dwelling Assessed value(afler rehabilitation or redevelopment) 6 or $156,000 AV _ pay__ In rough_ pay_ ❑ Four (4) unit multifamily dwelling Assessed value (after rehabilitation or redevelopment) It or $199,680 AV — pay_ through_ pay_ Assessed value limits for taxes due and payable prior to January 1, 2005 were $38,000, $1 $75,000, and $96,000 for one to four family dwellings respectively, 'SECTION VII- APPROVAL OFCOUNTYAUDITOR COMPLETE ONLY IPAPPROVEO This application is approved in the amounts shown above. Signature of County Auditor nled name ofCounlyAudilor Date signed (monM, day, year)