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What is Taxpayer Savings and why is it measured?

April 26, 2017measured savings taxpayer

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What is Taxpayer Savings and why is it measured?

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A. When Recurring Savings are divided into the full market value of assessed property (Full Value) and multiplied by 1,000, the result is an estimate of the annual savings per $1,000 of assessed value that will be realized by taxpayers as a result of the project. It is important to measure Taxpayer Savings to evaluate the impact of a project on property taxes.