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<br />. <br /> <br />e <br /> <br />e <br /> <br />1993 TAX RATE <br /> <br />CLASSIFICATION CORRECTIONS WERE MADE IN 1993 FOR COMMERCIAL/INDUSTRIAL <br />PROPERTY INCORRECTLY INCLUDED IN THE RURAL TAX DISTRICT. THIS CORRECTION <br />SIGNIFICANTLY CHANGED THE RURAL TAX RATE CAUSING IT TO BE ARTIFICIALLY <br />LOW. IN ORDER TO MAKE COMPARABLE COMPARISONS FOR 1994 TAXES, IT <br />IS NECESSARY TO RECALCULATE THE 1993 TAX RATES ASSUMING A RATIO <br />OF .9. <br /> <br />ACTUAL 1993 TAX RATE: <br />(Based on a tax ratio of .6 ) <br /> <br />URBAN <br />RURAL <br /> <br />20.560% <br />13.122% <br /> <br />RECALCULATED 1993 TAX RATE: <br />(Based on a tax ratio of .9) <br /> <br />URBAN <br />RURAL <br /> <br />19.975% <br />18.034% <br /> <br />ACTUAL 1993 TAX DUE ON 1,000 NTC: <br /> <br />URBAN <br />RURAL <br /> <br />$205.60 <br />$131.22 <br /> <br />RECALCULATED 1993 TAX DUE ON 1,000 NTC: <br /> <br />URBAN <br />RURAL <br /> <br />$199.75 <br />$180.34 <br /> <br />CHANGE IN 1993 TAX DUE BASED ON RECALCULATED 1993 TAX RATE: <br />(All other 1 993 data remains constant) <br />(Based on an $86,000 house with a NTC of 1,000) <br /> <br />URBAN <br />RURAL <br /> <br />Decrease of $5.85 <br />Increase of $49. 1 2 <br /> <br />HISTORICAL TAX RATE DATA: <br /> <br />TAXES PAYABLE YEAR <br />1993 1992 <br /> <br />URBAN <br />RURAL <br /> <br />20.560% <br />13.122% <br /> <br />17.472% <br />17.102% <br /> <br />Page 1 <br />