Res99 13611 - Laserfiche WebLink

Browse Search

Maximum Annual Special Tax Rate each Taxable Parcel, the Maximum Annual Special Tax Rate shall established for both Developed Commercial Square Feet and Approved Commercial Square Feet as that Maximum Annual Special Tax Rate in the year in which such commercial square footage first becomes taxation. The Maximum Annual Special Tax Rate applicable to Developed Commercial Square Feet or Approved Commercial Feet shall not increase after the year in which it is first so applied. A Parcel may have more than one Maximum Annual Special Tax Rate to it. Maximum Annual Special Tax Rates shall be established in accordance with the following schedule. year beginning which commercial Then for as long as the Parcel on which such commercial square footage first becomes feet is located is a Taxable Parcel, such commercial square feet taxation is: shall thereafter be taxed at: 1999 $0.232 per square foot 2000 $0.244 per square foot 2001 $0.258 per square foot 2002 $0.272 per square foot 2003 $0.287 per square foot 2004 $0.303 per square foot 2005 $0.319 per square foot 2006 $0.337 per square foot 2007 $0.355 per square foot 2008 $0.375 per square foot 2009 $0.395 per square foot 2010 $0.417 per square foot 2011 $0.440 per square foot 2012 $0.464 per square foot 2013 $0.490 per square foot Thereafter $0.490 per square foot Parcels, Prepaid Parcels and Tax-Exempt Parcels shall not be subject to of Special Taxes. Apportionment, Levy and Selection of Special Tax Rates Special Tax rate per Developed Commercial Square Foot or Commercial Square Foot allocable to each Taxable Parcel in the be established annually by the City Council. The Special Tax rate or Developed Commercial Square Foot or Approved Commercial Foot allocable to each Taxable Parcel shall then be multiplied by the Developed Commercial Square Feet or Approved Commercial Square Feet on Taxable Parcel to determine the Special Tax applicable to each such Parcel. C-6 13611