How much is the proposed library tax?
Based on the July, 2005 assessed taxable values of property located within the proposed district, the cost of the library tax will be 67 cents per $1,000 of full assessed value. Because property in the City of Jamestown is not assessed currently at full value, but rather at 31% of full value, the cost to city taxpayers will be $2.15 per $1,000. The following table illustrates the amount of the library tax: FOR PROPERTY LOCATED IN THE CITY OF JAMESTOWN Assessed Value (Currently 31% of Full Value) Annual Library Tax ($2.15 per $1,000) $10,000 $21.50 $15,000 $32.25 $20,000 $43.00 The average residential assessed value in the City of Jamestown is $17,050 (Full value assessment is $55,000). The homeowner with the average assessed value will pay a library tax of $36.66. FOR PROPERTY LOCATED OUTSIDE THE CITY OF JAMESTOWN, BUT WITHIN THE PROPOSED LIBRARY DISTRICT Assessed Value (100% Full Value) Annual Library Tax ($.67 per $1,000) $30,000 $20.10 $40,000 $26.80 $50,000 $33.50 $60,000 $40.02 $7
