Column | (1) | (2) | (3) | (4) | (5) | (6) | (6a) |
---|---|---|---|---|---|---|---|

Property Class | Matched Year-end 2005 CVA |
2006 CVA | 2005
General Tax Rates |
Annualized Year-end Taxes |
Revenue Neutral 2006 Rates |
RevenueNeutral Ratios |
2006
StartingTax Ratios |

1. Residential |
$1,000,000 | $1,100,000 | 0.800000 % | $8,000 | 0.728814 % | 1.000000 |
1.000000 |

2. Multi-residential |
$500,000 | $550,000 | 1.000000 % | $5,000 | 0.909091 % | 1.247357 |
1.250000 |

3. New multi-residential |
$0 | $0 | 0.000000 % | $0 | 0.000000 % | 0.000000 |
0.000000 |

4. Commercial |
|||||||

4a Occupied |
$800,000 | $800,000 | |||||

4b Vacant Excess |
$50,000 | $50,000 | |||||

4c Vancany
Adjustment |
70% | 70% | |||||

4d Total Vacancy Adjusted |
$835,000 | $835,000 | 1.600000 % | $13,360 | 1.600000 % | 2.195349 |
2.000000 |

5. Industrial |
|||||||

5a Occupied |
$500,000 | $450,000 | |||||

5b Vacant Excess |
$2,000 | $1,800 | |||||

5c Vacany Adjustment |
65% | 65% | |||||

5d Total Vacancy Adjustment |
$501,300 | $451,170 | 2.000000 % | $10,026 | 2.222222 % | 3.049096 |
2.500000 |

6. Pipeline |
$10,000 | $10,200 | 0.600000 % | $60 | 0.588235 % | 0.807114 |
0.750000 |

7. Farm |
$200,000 | $210,000 | 0.200000 % | $400 | 0.182203 % | 0.250000 |
0.250000 |

8. Managed Forest |
$100,000 | $110,000 | 0.200000 % | $200 | 0.182203 % | 0.250000 |
0.250000 |

Totals |
$3,162,000 | $3,282,000 | $37,046 |

Ratio Calculation Verification | ||||
---|---|---|---|---|

Column | (7) | (8) | (9) | (10) |

Property Class | Ratio Weighted 2006 CVA | Verification Rules |
Verification Revenues |
Revenue Difference |

1. Residential |
$1,100,000 | 0.728814 % | $8,017 | $17 |

2. Multi-residential |
$686,047 | 0.909091 % | $5,000 | $0 |

3. New multi-residential |
$0 | 0.000000 % | $0 | $0 |

4. Commercial |
||||

4a Occupied |
||||

4b Vacant Excess |
||||

4c Vancany
Adjustment |
||||

4d Total Vacancy Adjusted |
$1,833,116 | 1.600000 % | $13,360 | $0 |

5. Industrial |
||||

5a Occupied |
||||

5b Vacant Excess |
||||

5c Vacany Adjustment |
||||

5d Total Vacancy Adjustment |
$1,375,660 | 2.222222 % | $10,026 | $0 |

6. Pipeline |
$8,233 | 0.588235 % | $60 | $0 |

7. Farm |
$52,500 | 0.182203 % | $383 | -$17 |

8. Managed Forest |
$27,500 | 0.182203 % | $200 | $0 |

Totals |
$5,083,056 | $37,046 | $0 |

- 2005 matched year-end assessment based on RTC's with taxable RTQ's of T, U, X, P, Q, R, H, J, K, and M. Also includes PIL RTQ's of F, G, V, W, Y, and Z.

Enter the commercial and industrial vacancy adjustment factors adopted by the municipality (rows 4c and 5c).

For row 4d, multiply row 4b by 4c and add 4a. For row 5d, multiply row 5b by 5c and add 5a. - 2006 current value assessment from roll as returned or adjusted based on RTC's with taxable RTQ's of T, U, X, P, Q, R. H, J, K, and M. Also includes PIL RTQ's of F, G, V, W, Y, and Z.

Enter the commercial and industrial vacancy adjustment factors adopted by the municipality (rows 4c and 5c).

For row 4d, multiply row 4b by 4c and add 4a. For row 5d, multiply row 5b by 5c and add 5a. - Single-tier or upper-tier general municipal tax rates including any 2005 levy increase under the levy restriction.

- Product of respective rows in columns 1 and 3.
- Row 1 residential rate is the sum of column 4, rows 1,3, 7, and 8 divided by sum of column 2, row 1 plus column 2, row 3 multiplied by the new multi-residential ratio adopted by the municipality

plus 0.25 or farm ratio adopted by the municipality multiplied by column 2, row 7

plus 0.25 multiplied by column 2, row 8.

For row 2 and rows 4-6, divide respective rows in column 4 by respective rows in column 2

For row 3, multiply column 5, row 1 by the new multi-residential ratio adopted by the municipality.

For row 7, multiply column 5 row 1 by 0.25 or farm ratio adopted by the municipality.

For row 8, multiply column 5 row 1 by 0.25. - For rows 1 to 6, divide respective rows in column 5 by column 5, row 1.

For row 3, enter the new multi-residential ratio adopted by the municipality.

For row 7, enter 0.25 or farm ratio adopted by the municipality. For row 8, enter 0.25. - Product of respective rows in columns 2 and 6.
- Row 1 is the sum of column 4 divided by the sum of column 7.

Rows 2 to 8 are products of column 8, row 1 multiplied by the respective rows in column 6. - Product of respective rows in columns 2 and 8.
- For each row, take the difference between the respective rows in column 9 less column 4.

Rows 2, 4d, 5d, and 6 should equal zero. Rows 1, 7, and 8 may vary. The sum of column 10 should equal zero.

DATE:__________________________ |
CLERK /
TREASURER'S ___________________________________SIGNATURE: |

MUNICIPALITY: ___________________________________ |