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1992 Tax Impact IyV 1 IVG TAX IMPACT OF PROPERTY APPRAISAL ADJUSTMENT BOARD MEMBERS OF THE BOARD Honorable Earl Cheal Honorable Shirley Freeman Board of County Commissioners— District No. 4 Board of County Commissioners— District No. 3 Honorable Mary Kay Reich Honorable Clarence Phillips Board of County Commissioners—District No. 5 School Board—District No. 1 Honorable Andy Griffiths School Board—District No. 2 i The Property Appraisal Adjustment Board meets each year to review complaints regarding properq: tax assessment and exemptions. ;.' -- The purpose of the board is to enhance fairness in property taxes by correcting errors when then found to exist. -- THE FOLLOWING TABLE SUMMARIZES THIS YEAR'S ACTION BY THE BOACRD Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 II 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 6 55 7 93 514,259 7,605.03 Commercial 0 0 3 54 1 ,494,949 23,027.94 Industrial and 0 0 0 6 0 0 Miscellane- ous Agricul• 0 0 0 0 04400 0 e. tural Business Machinery 0 0 0 9 0 0 and Equipment Vacant Lots and Acreage 0 0 1 116 3, 168 53.86 TOTALS 6 55 II 278 2,012,376 30,686.83 ALL TAXPAYERS SHOULD BE AWARE THAT BOARD ACTIONS WHICH REDUCI 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 chair- person or clerk at the following tel phone numb CHAT $esS Zg`Z—GOOD am (Ph e) ISC CLERK ' 3a1 Zf 2 —35ro ( ame) (Phone) 5/5/93