Fiscal Plan for EMRO/NDCU Annexation Area in Centre & Penn Townships

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EMRO I NDCUAnnezation Area -Fiscal Plan H. Tax Rate The tax rates used are those of 1996 payable in 1997. Centre Township - The Township Rate will decrease with the deletion of the Fire Fighting Fund, the Fire Debt Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $6.5486 per $100.00 of assessed valuation. Table 2, located in the back of this Fiscal Plan, shows representative tax rate information as published by the St. Joseph County Auditor. Penn Township - The Township Rate will decrease with the deletion of the Fire Fighting Fund and the Cumulative Fire assessments. The tax rate for the Annexation Area will increase by the addition of the City and Town Rate, the Redevelopment District Rate and the South Bend Transpo Rate. The net increase in property taxes will be $6.7477 per $100.00 of assessed valuation. Table 2.1, located in the back of this Fiscal Plan, shows representative tax rate information as published by the St. Joseph County Auditor. I. Assessments Net Assessment, 1996 payable 1997, from the St. Joseph County Auditor tax records: Net Assessment: $251,030.00 I Councilmanic District The Annexation Area will be in City Councilmanic District 5.