READ ALONGSIDE THE SOURCE
Okaloosa County BOCC — December 18, 2012 — Exhibit C - Project Machine PA Calculations — reading text
Part 1 of 1. These parts divide the reading text for browsing; they are not the source document's page numbers.
Machine-extracted text — 11-Exhibit C - Project Machine PA Calculations.pdf
Machine-extracted OCR text · Review label: Machine produced / unreviewed
Compare this copy with the preserved source. Review labels describe the recorded status of this file; they do not guarantee that the text is error-free. Spacing and line breaks are retained, with long lines wrapped to fit the screen.
Exhibit C
Property Appraiser Exhibit "A"
Project Machine; County Abatement (10-Year Duration)
Tax Year Start: 2014
Total Equip Cost Estimate Annual Annual Cumulative Tax Amounts
869,362 Assessment Tax Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10
2014 Taxable Value (100% of Asmt) 788,563 8,663 8,663
2015 Taxable Value (100% of Asmt) 709,025 7,789 16,452
2016 Taxable Value (100% of Asmt) 612,687 6,731 23,183
2017 Taxable Value (100% of Asmt) 541,146 5,945 29,128
2018 Taxable Value (100% of Asmt) 476,836 5,238 34,367
2019 Taxable Value (100% of Asmt) 429,345 4,717 39,083
2020 Taxable Value (100% of Asmt) 354,611 3,896 42,979
2021 Taxable Value (100% of Asmt) 296,551 3,258 46,237
2022 Taxable Value (100% of Asmt) 247,423 2,718 48,955
2023 Taxable Value (100% of Asmt) 220,403 2,421 51,377
2014 Taxable Value (70% of Asmt) 551,994 6,064 6,064
2015 Taxable Value (70% of Asmt) 496,318 5,452 11,517
2016 Taxable Value (70% of Asmt) 428,881 4,712 16,228
2017 Taxable Value (70% of Asmt) 378,802 4,161 20,390
2018 Taxable Value (70% of Asmt) 333,785 3,667 24,057
2019 Taxable Value (70% of Asmt) 300,542 3,302 27,358
2020 Taxable Value (70% of Asmt) 248,228 2,727 30,085
2021 Taxable Value (70% of Asmt) 207,586 2,281 32,366
2022 Taxable Value (70% of Asmt) 173,196 1,903 34,269
2023 Taxable Value (70% of Asmt) 154,282 1,695 35,964
2,599 4,936 6,955 8,738 10,310 11,725 12,894 13,871 14,687 15,413
Cumulative Tax Savings
2,337 2,019 1,783 1,572 1,415 1,169 977 815 726
Considerations
1. 2012 Millage Rates Applied Max at $262
Total: 10.9859
County: 3.2899
2. 2012 index rates applied
3. No change to 2014 millage rate
4. Equipment purchased in 2013
Exhibit C