HomeMy WebLinkAboutDOCS - 06-00167 - Summerfield - Annexation & Rezone from RR1 to LDR2June 26, 2006
State Tax Cornnussioll
Attn: Jf� Serva-ti
+eus
8(]Q Pa-rk Blvd. Plaza IV
Boise, Idaho 83722
Dear Jeff,
h *>
I T O F
RE.XB.URG-
OW— -
?2?�
The CITY CSF R-EXBURG has competed an annexation of lands on the southwest
carper of the City., The City is tequest�g that the Idaho State Tax Cormai-ission. approve
the rnap and legal description as canta�.ned �n Ordinance No. 9 G 5, dated June Z1, 20 0 6.
The Ordinance was published on the 24hofjune,2006.
Otdinance 965 has been z�cluded for yout revaiew.
k you,
CITY OF REXBURG
W -
1W
I�
B10 -It D. may, Citi- Clerk
') On e 3'59.3020 exp 3 1 ; Fxv (208) X39+3022
Tax Impact of Annexation into the Lit
Essential city s
ervices: Felice, Fire, Nater, Garbage
Collection, Streets, and Sewer services. Additional
services include,*, pity Parks, Cultural Centers, and
Recreation Programs at a 25% swings to City residents.
Haw ars Property Taxes. Determined ?
• Each property is appraised to find its market value.
�
A'11 values within a taxing district (school, city,
etc.) are summed.
• Homeowners (and ether) exemptions are
subtracted.
•The tax d'Istrict determines its budget, subtracting
other revenue sources.
Rexburg Levy ExaMDle
Taxin
District Bud2et = Lew
Property Values (2005)
Hary Property Taxes are calculated?
of Rexbur
I 2004 CITY PROPERTY TAS( LEVY RATES
PER $104.0!]0 VALUE
�
BLACKFOOT
P(?GATELLD
L E11ViSTON
CAL DWELL
IDAHO FALLS
CHU 6S11GK
RIG6Y
SALMON
St. ANTHONY �
POST FALLS
Moscow
REXBURG
$1,792,050 = .003528866 = .3528866%
X507,826,027
1. Levies for taxing districts serving your property are added together:
a. bounty
b. School
C. City
d. Special Districts (Ambulance,
Library, Cemetery, Mosquito)
Total
0.00599
0.00603
0.00353
0.00,101
0.01656
Rexburg City property taxes are 21.32% of all property taxes for City residents.
**EXAMPLE: Rexburg tax increase on a $200,000 home**
$200, 000 - X50,000 = $150,000 * (0.003528866 - 0.000967) _ $384.45
2. The total of these levies minus the Fire District levy is multiplied by the taxable value of the home to
determine City resident's taxes; Rexburg City property taxes are 21..32% of the total property taxes.
I I LESS:
I
Home **Taxable Fire County Total Tax
Total County Fire Net Levy Tax Percent
Value Value County Di tri thool Other Levy rate *City district
. Rate Amount Increase
000
000 0M599 mamom -
000967
L:$:1:-$120- - - �.�1 �� 1 � 1. 1.��
$1505000 S1001000. � 0.0.00967 0,00603 0.00101 0i 13997 .00353 0.0009'6
�+ 1
$200,000 I , 0.00599 0.000967 .00603 0.001 1
0.00353 0.0,00967 0.016560 $2,484 1
X000 $2 00000 0.00599 0.000967 0.00603 .0 t 1 1
0.000967 0.016560 ,31 '1.
, 9 0.000967 0.,00603 +00101 ' 0.01 3997
.000967 0.016560 ,14 21.32%
Example Yearly
County Tax City Tax Net Tax Increase
$200 -poo �1 50,000 S898-�OJ
000:
1 9-�D 1 1 4
7484.00 84.4521.32%
CITY LEVY.INCUDES T14E FTRC� DI TIU T f.-FVy
Allows for a $50,000 Homeowners Exemption
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