Tax Impact

Proposed Rainbow Beach Project First Mortgage Bonds, Series 2013
Tax Impact Analysis

Gross Assessed Value (GAV) of Home $75,000$100,000$150,000$200,00
Less Deductions:
Lesser of 60% of GAV or $45,000(45,000)(45,000)(45,000)(45,000)
35% of Remaining GAV(10,500)(19,250)(36,750)(54,250)
Mortgage Deduction(3,000)(3,000)(3,000)(3,000)
Net Assessed Value (NAV)$16,500$32,750$65,250$97,750
Estimated Tax Rate (1)0.07780.07780.07780.0778
Estimated, Annual Tax Payment$12.84$25.48$50.76$76.05