Fiscal Plan for Frances C. Haley Annexation Area in German Township

Home Browse Search

H. Tat Rate Tax rate information is based upon published tax rates for tax year 1993 payable in 1994. Tax rates may, and generally do, change every year. Depending upon the effective date of the annexation, the rates used in this Fiscal Plan may no longer be applicable. The City of South Bend will be providing fire service upon incorporation of the Annexation Area. Therefore, the Township Rate will decrease by $0.2898 per $100.00 of assessed valuation with the deletion of the Fire Fighting Fund assessment. The tax rate for the Annexation Area will increase by $6.1844 per $100.00 of assessed valuation with 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 $5.8946 per $100.00 of assessed valuation. Table 3 in the Appendix shows the current, representative tax rate information as published by the St. Joseph County Auditor. Property tax records indicate that the total tax bill, payable in 1994, is $262.10. Assuming the property remains vacant and the tax rates remain the same, annexation of the property would result in a new net tax of $423.54, based on current tax rates and calculations. L Assessments The following net assessments in the Annexation Area are from the 1993 payable 1994 property tax records: Land $3,400.00 Improvements $ 0.00 J. Councilmanic District The Annexation Area will be in Councilmanic District 1. K Comparable Area One of the requirements of the Fiscal Plan is to show that the Annexation Area will receive services in a manner equivalent in standard and scope to services provided to areas within the City that have similar topography, patterns of land use, and population density. The Comparable Area for this Fiscal Plan is approximately 2,400 feet west of the Annexation Area, on the south side of Brick Road. The area is generally flat with some moderate sloping. The area is vacant and contains no structures. There is zero population density. -7-