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1994 Tax Impact DR-529 R. 12/92 NOTICE TAX IMPACT OF VALUE ADJUSTMENT BOARD COUNTY OF MONROE TAX YEAR 1994 MEMBERS OF THE BOARD Honorable MARY KAY REICH Honorable SHIRLEY FREEMAN Board of County Commissioners-District No. 5 Board of County Commissioners-District No. 3 Honorable WILHELMINA HARVEY Honorable FRANK BUTLER Board of County Commissioners-District No. 1 School Board - District No. 3 Honorable ANDY GRIFFITHS School Board - District No. 2 The Value Adjustment Board meets each year to review complaints regarding property tax assessment and exemptions. The purpose of the board is to enhance fairness in property taxes by correcting errors when they are found to exist. THE FOLLOWING TABLE SUMMARIZES THIS YEAR'S ACTION BY THE BOARD Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Type Number of Total Number of Total Number Reduction Loss in of Exemption Number of Assessments of Requests in Taxable Tax Property Requests Exemption Reduced by for Value Due Dollars Granted by Requests The Board Assessment to Board --- the Board Reductions Action Residential 2 3 9 54 712,591 10,546.35 Commercial 0 0 6 48 1,157,410 18,120.84 Industrial and 0 0 1 4 338,689 5,899.59 Miscellane- ous Agricul- 0 0 0 0 —0— .00 tural Business Machinery 0 0 1 5 290,331 4,978.86 and Equipment Vacant Lots and Acreage 0 0 6 28 1,539,016 26,755.21 TOTALS 2 3 23 139 4,038,037 66,300.85 1 ALL TAXPAYERS SHOULD BE AWARE THAT BOARD ACTIONS WHICH REDUCE TAXABLE VALUE CAUSE TAX RATES APPLICABLE TO ALL PROPERTY TO BE PROPORTIONALLY HIGHER Questions concerning the actions taken by this Board may be addressed to the chairperson or clerk at the following telephone numbers: CHAIRPERSON MARY KAY REICH (305)852-7175 (Name) (Phone) CLERK DANNY L. KOLHAGE (305) 292-3550 (Name) (Phone)