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05-12-14 Council Agenda & Packet
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05-12-14 Council Agenda & Packet
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5/8/2014 11:40:42 AM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
5/12/2014
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SECTION V -FOR AREAS, EXCEPT FOR A RESIDENTIALLY DISTRESSED AREA, WHERE THE STATEMENT OF BENEFITS WAS <br />APPROVED BEFORE JULY 1, 2013 -DEDUCTION SCHEDULE PER IC 6-1.1. 12.1.17 <br />YEAR OF DEDUCTION /ASSESSED VALUE /PERCENTAGE /DEDUCTION" <br />YEAR OF DEDUCTION /ASSESSED VALUE / PERCENTAGE /DEDUCTION ** <br />(1) For deductions allowed over a 1 year period: <br />(8) For deductions allowed over a solim (8) year pence: <br />1 20_ pay 20_ $ 100% • <br />_% § <br />1 20_ pay 20_ $ 100% <br />(2) For deductions allowed over a two (2) year period: <br />2 20_ pay 20_ $ 88% <br />3 20,_pay 20_ $ 75% •_% 5 <br />1 20_ pay 20_ $ 100% • <br />__% $ <br />4 20_ pay 20_ $ 83 % <br />63% <br />2 20_psY2O_ $ 50% - <br />_% $ <br />5 20-- pay 20_ $ <br />(3) For deductions allowed over a Three (3) year period: <br />8 20_ pay 20_ $ 38% <br />7 20 pay 20_ $ 25% *_% $ <br />1 20 — pay 20_ $ 100% •_% <br />$ <br />8 20 pay 20_ $ 13% ' % $ <br />2 20_ pay 20_ $ 66% ' <br />_% $ <br />3 20_ pay 20_ $ 33% ' <br />_% $ <br />(9) For deductions allowed over a nine (9) year period: <br />(4) Fordeductions allowed over a four(4)year period: <br />1 20 pay 20_ $ 100% •_% $ <br />2 20 pay 20_. li 88% •_% $ <br />1 20_ pay 20_ § 100 °h • <br />__% $ <br />3 20 ._ pay 20_ $ 77% • § <br />2 20_ pay 20_ $ 75% • <br />_% $ <br />_% <br />4 20_ pay 20_ $ 66% • $___ <br />3 20_ pay 20_ 5 50°/ ' <br />_% $ <br />_% <br />5 20_ pay 20_ $ 55% • $ <br />4 20_ pay 20_ $ 25% ' <br />_% $ <br />_% <br />6 20_ pay 20 44% • _% $ <br />(5) For deductions allowed over a five (5) year period: <br />7 20_ pay 20_ Ii 33% • _% $ <br />8 20_ pay 20_ $ 22% • $ <br />1 20 pay 20_ § 100% <br />% 8 <br />_% <br />9 20_ pay 20_ $ 11% • / $ <br />2 20_ pay 20_ $ 80% • <br />_% $ <br />3 20 pay 20_ $ 60% •_% <br />$ <br />(10) For deductions allowed over a ton (10) year pedod: <br />4 20_ pay 20_ $ 40% ' <br />_% $ <br />1 20 pay 20_ $ 100% •_/ $ <br />5 20_ pay 20_ $ 20% • <br />_% $ <br />2 20— 20_ $ 95% • _% g <br />(6) For deductions allowed over a six (6) year period: <br />3 20_ pay 20_ g 80% - _% $ <br />4 20_ pay 20_ 5 65 % - $ <br />1 20 pay 20_ $ 100% •_% <br />$ <br />_% <br />5 20_ pay 20_ $ 50% `_% $ <br />2 20_pay 20_ $ 85% •_% <br />$ <br />6 20 pay 20_ $ 40% •_% $ <br />3 20_ pay 20_ $ 66% ` <br />% 8 <br />7 20_ pay 20_ $ 30% • % <br />4 20_ P6Y 20. $ 50% --% <br />% $ <br />_ <br />8 20_ Pay 20— 20% • § <br />5 20_ pay 20_ $ 34% • <br />$ <br />_% <br />9 20_ pay 20_ $ 10% • $ <br />6 20 pay 20_ $ 17% '_% <br />$ <br />_% <br />10 20 pay 20_ $ <br />(7) For deductions allowed over a seven (7) year penes: <br />1 20 pay 20_ $ 100% ' <br />$ <br />` The deduction percentages shown in this section apply to a statement <br />_% <br />of benefits approved before July 1, 2013, that did not have an alternative <br />2 20 pay 20_ $ 85% '_% <br />$ <br />deduction schedule adopted bythe designating body. All other abatements <br />3 20 20_ $ 71% •_% <br />$ <br />shall use the percentages reflected in the abatement schedule adopted <br />4 20_ pay 20_ $ 57% • <br />% $ <br />by the designating body per IC 6 -1.1- 12.1 -17. <br />5 20` pay 20_ $ 43 °% • <br />$ <br />** <br />6 20_ pay 20_ $ 29% - <br />_% <br />$ <br />The amount of the deduction shall be adjusted annually to reflect changes <br />_-A <br />to the assessed valuation resulting from a reassessment or an appeal of <br />7 20_ pay 20_ $ 14% <br />_h $ <br />the assessment per IC 6 -1.1- 12.1 -4 (b). <br />SECTION VI - FORA RESIDENTIALLY DISTRESSED AREA WHERE THE STATEMENT OF BENEFITS WASAPPROVED BEFORE <br />JULY 1, 2013 <br />DEDUCTION SCHEDULE PER -IC 6 -1.1 -02.1.17 <br />TYPE OF DWELLING <br />DEDUCTION IS THE LESSER OF: <br />DEDUCTION IS ALLOWED FORA FIVE (5) <br />[IC 6-1.1- 12.1- 4.1(b)] <br />YEAR PERIOD WHICH INCLUDES <br />YEARS: <br />❑ One (I) familydwelling <br />Assessed value (after rehabilitation or redevelopment) S or $74.680 AV <br />, pay__ through_ pay_ <br />❑ Two (2) family dwelling <br />Assessed value (after rehabilitation of redevelopment) S or 6106,080 AV <br />, pay_ through_ pay <br />❑ Three (3) unit mull'Aamiy dwelling <br />Assessed value(afler rehabilitation or redevelopment) 6 or $156,000 AV <br />_ pay__ In rough_ pay_ <br />❑ Four (4) unit multifamily dwelling <br />Assessed value (after rehabilitation or redevelopment) It or $199,680 AV <br />— pay_ through_ pay_ <br />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, <br />'SECTION <br />VII- APPROVAL OFCOUNTYAUDITOR COMPLETE ONLY IPAPPROVEO <br />This application is approved in the amounts shown above. <br />Signature of County Auditor <br />nled name ofCounlyAudilor <br />Date signed (monM, day, year) <br />
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