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Agenda - 04-21-1998 - 10a
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Agenda - 04-21-1998 - 10a
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7/15/2010 3:19:04 PM
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BOCC
Date
4/21/1998
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
10a
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Minutes - 19980421
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\Board of County Commissioners\Minutes - Approved\1990's\1998
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(Note: Buildings are taxed at market value. It appears that the typical building valuation is low; <br />calculated to approximately $33,000 in 1997 valuation when spread across every parcel in the <br />program. This is due to the fact that large amounts of unimproved acreage are in the use program. <br />(Many or most have no building value.) This indicates that those in the use program with extensive <br />building value would receive larger then average tax bills and larger than average valuation <br />increases at revaluation.) <br />Payment of deferred taxes to Orange County is shown in the table below. The 1997 total reflects <br />the removal of the Meadowmont tract from the use-value program, which resulted in nearly <br />$300,000 in deferred taxes. <br />Tax Year Deferred Taxes, <br /> County Portion <br /> ~~) <br />1990 43,594.50 <br />1991 ~ 52,387.16 <br />1992 27,077.79 <br />1993 204,119.49 <br />1994 155,690.10 <br />1995 159,830.56 <br />1996 235,360.97 <br />1997 491,471.63 <br />REVENUES FROM FARM EQUIPMENT TAX <br />According to the 1997 billing, the total value of farm equipment was $7.1 million, and was taxed at <br />a rate of .00873. The County received $61,983 from taxes on farm equipment. <br />
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