| Prior
Law Payable 1998 |
Current
Law Payable 1998 |
Target
Class Rate | |
| Residential homestead:
Less than $72,000 $72,000 - $75,000 More than $75,000 |
1.0 2.0 2.0 |
1.0 1.0 1.85 |
--- --- --- |
| Residential non-homestead:
Single unit: Less than $75,000 More than $75,000 2 or 3 units (& undeveloped land) |
2.3
2.3
<2.3 |
1.9 2.1 2.1 |
1.25 1.85 --- |
| Apartments:
Regular Subsidized (Title II)* Subsidized (FmHA)* |
3.4 2.3 2.0 |
2.9 2.0 1.9 |
2.5 --- --- |
| Agricultural land & buildings:
Homestead < $115,000 Homestead > $115,000, < 320 acres Homestead > $115,000, > 320 acres Non-homestead |
0.45 1.0 1.5 1.5 |
0.4 0.9 1.4 1.4 |
--- --- --- --- |
| Noncommercial seasonal
recreational (cabins):
Less than $72,000 $72,000 - $75,000 More than $75,000 |
1.5 2.5 2.5 |
1.4 1.4 2.5 |
--- --- --- |
| Commercial seasonal
recreational:
Homestead resorts (1c) Seasonal resorts (4c) |
1.0 2.3 |
1.0 2.1 |
--- --- |
| Disabled homestead |
0.45 |
0.45 |
--- |
| Commercial/Industrial:
Less than $100,000 $100,000 - $150,000 More than $150,000 |
3.0 4.6 4.6 |
2.7 2.7 4.0 |
--- --- 3.5 |
| Public utility:
Land and buildings Attached machinery Public utility personal property |
4.6 4.6 4.6 |
4.0 4.0 4.0 |
3.5 3.5 3.5 |
Return to the "Local Property Tax Aids and Credits" section of the Fiscal Review