Taxes
Buena Vista County Tax Bill
(for an industrial property within the corporate limits of Storm Lake)
Storm Lake Corp consolidated levy (for '08-09): 40.15282
For an industrial property with a $22,000,000 assessed valuation, it is likely that the taxable valuation will also be $22,000,000. (It is rare that there would be a rollback on industrial property, which is usually the reason that taxable valuation is less than assessed valuation.
| |
|
|
|
|
|
| School |
17.28643 |
|
Taxes on: |
|
| Community College |
1.03807 |
|
$22,000,000 |
assessed valuation |
| City |
12.72222 |
|
$883,362.04 |
1 Year |
| County |
6.94981 |
|
$4,416,810.20 |
5 Years |
| County HM-DD |
0.66220 |
|
$8,833,620.40 |
10 Years |
| Assessor |
0.29916 |
|
|
|
| Miscellaneous |
1.19493 |
|
Portion of taxes going to City only: |
| |
|
40.15282 |
|
$279,888.84 |
1 Year |
| |
|
|
|
$1,399,444.20 |
5 Years |
| |
|
|
|
$2,798,888.40 |
10 Years |
| |
|
|
|
|
|
| 5 Year Industrial Tax Exemption |
|
|
|
| |
|
|
|
Storm Lake |
Storm Lake |
| |
|
Exempt |
Payable |
Portion |
Portion |
| |
|
Taxes |
Taxes |
Exempt |
Payable |
| Year 1 |
75% |
$662,521.53 |
$220,840.51 |
$209,916.63 |
$69,972.21 |
| Year 2 |
60% |
$530,017.22 |
$353,344.82 |
$167,933.30 |
$111,955.54 |
| Year 3 |
45% |
$397,512.92 |
$485,849.12 |
$125,949.98 |
$153,938.86 |
| Year 4 |
30% |
$265,008.61 |
$618,353.43 |
$83,966.65 |
$195,922.19 |
| Year 5 |
15% |
$132,504.31 |
$750,857.73 |
$41,983.33 |
$237,905.51 |
| |
|
|
|
|
|
| a 5 Year 50% Exemption: |
$2,208,405.10 |
$2,208,405.10 |
$699,722.10 |
$699,722.10 |
| |
|
|
|
|
| a 5 Year 75% Exemption: |
$3,312,607.65 |
$1,104,202.55 |
$1,049,583.15 |
$349,861.05 |
| |
|
|
|
|
| a 5 Year 100% Exemption: |
$4,416,810.20 |
$4,416,810.20 |
$1,399,444.20 |
$0.00 |