HomeMy WebLinkAbout2022 L2 City of Rexburg(1)$5,918,967
(2)$177,569
(3)
2022 New construction preliminary levy rate (box G from 'Calculator')(4)0.003170678
County Name
Madison (4a)$33,761,791
(4b)
(4c)
(4d)
Total new construction roll (total of lines 4a thru 4d)(5)$33,761,791
(6)$107,048
2022 annexation preliminary levy rate (box H from 'Calculator')(7)0.003170670
2022 full taxable value of annexation from property assessed by the county (8)$762,852
90% of annexation value (9)$686,567
(10)$2,177
Total expiring Urban Renewal value (11)$32,361,913
80% of expiring Urban Renewal value (12)$25,889,530
(13)$82,087
Total uncapped budget growth potential (Add lines 1+2+3+6+10+13)(14)$6,287,848
Total capped growth (max 8%) (line 1 X 1.08 + line 3 + line 13)(15)$6,474,571
Total non-exempt budget allowed (lesser of lines 14 and 15)(16)6,287,848$
Enter yearly amount of the agricultural equipment replacement money (17)$498
Enter yearly amount of the personal property replacement money (18)$51,406
Enter the Solar Farm Tax reported in column 1 (7/1/21 - 6/30/22)(19)
Enter the recovered Homeowner's Exemption property tax reported in column 2 (20)
Enter the total amount reported in columns 3 thru 6 (21)
(22)$51,904
If annexed by a fire district, amount spent on fire services in the prior year (23)
Enter the total forgone amount reported on the 'Maximum Budget and Forgone Amount Worksheet'(24)$158,351
(25)
(28)$6,235,944
District Name: City of Rexburg
Form Type: City
2022 L-2 Worksheet (must be attached to the L-2 form)
Property Tax Replacement:
Total of New Construction Roll Value (NOT including expiring Urban Renewal):
New Construction, Annexation, & expiring Urban Renewal allowable budget increases calculation:
Allowable Base Budget Calculation Plus Solar:
2022 Value of District's New Construction Roll from Each Applicable County Below:
Highest Non-Exempt P-Tax Budget + P-Tax Replacement (from the 'Maximum Budget and Forgone Amount Worksheet')
Up to 3% Base Budget Growth (multiply line 1 by 3%)
Enter the total amount you received for Solar Farm Tax from the immediate prior year (7/1/20 - 6/30/21)
Value
Total of lines 17 thru 21 (Col. 5 of L-2 must equal this amount)
New construction roll allowable budget increase (multiply line 5 by line 4)
2022 Value of District's Annexation:
Annexation allowable budget increase (multiply line 7 by line 9)
Total Non-Exempt Allowable Budget (before P-tax Replacement and P-tax Substitute Funds deductions):
Information below is reported in indicated columns of the 'Recovered/Recaptured Property Tax and Refund List':
Expiring Urban Renewal:
Expiring Urban Renewal budget increase (line 12 multiplied by line 4)
Maximum Allowable Non-exempt Property Tax That Can Be Levied (Including Forgone Amount):
Maximum non-exempt property tax budget including forgone amount (lines 16-22-23+25)
Fire District Annexation (Cities Only):
Forgone Amount Section:
Enter the forgone amount to be recovered in your budget. This amount can't exceed what is reported on the attached resolution
Tort Fund Less Property Tax Replacement (Schools Only):
(26)
(27)
Not Applicable
Not Applicable