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1991 Tax Impact i'' • TAX IMPACT OF PROPERTY APPRAISAL ADJUSTMENT BOARD MEMBERS OF THE BOAR!) Honorable Jack London John Stormont Honorable • Board of County Commissioners— District No. 2 Board of County Commissioners— District No. S Honorable A. Earl Cheal •' Honorable Clarence Phillips Board of County Commissioners— District No. 4 School Board —District No. 1 Honorable Paula Wolgast School Board—District No. 3 The Property Appraisal 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 c— _ I. 4 A _ 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 Dun Dollars* Granted by Requests the Board Assessment to Board the Board Reductions Action r- - -a -- - . Residential 6 42 2 215 158,761 2,337. 16 Commercial r 7 83 � 1 7 3,455,84754 ,734-.59 Industrial and Miscellane- 1 39 1 ,048, 715 17,231 .96 ous Agricul- tural 1 — - -4 • Business Machinery and Equipment 15 Vacant Lots and Acreage 3 I I I 36,221 503. 10 TOTALS 7 50 1'— 3 — 463 4,699,544 74,806. I ALL TAXPAYERS SHOULD BE AWARE THAT BOARD ACTIONS WHICH REDUCE TAXABLE VALUE CAUSE TAX RATES APPLICABLE TO ALL PROPERTY TO BE PROPORTIONALLY HIGHER • Questions con rning the actio tak y t • and may be addressed to the chair- person or cler t the follow tel on urn CHAIRPERSON 292-4512 Londo war'ri � '� E641 CLERK ba Ke3} April 5, 1992