Laserfiche WebLink
� <br />T0: Pequot Lake Fire District and Ideal Township Fire Department <br />FROM: )oe Rudberg, Clerk/Administrator, City of Breezy Point <br />April 20, 2011 <br />RE: Fire Contract Costs, 2010 and 2011 <br />The city of Breezy Point has recently seen a tax appeal that significantly affects our <br />taxable value for the city. This appeal reduced values for taxes payable in 2010 making <br />it retroactive. It also adjusted the value in 2011 with no corresponding change in the <br />total value shown by the county for taxes payable in 2011. <br />The tax appeal was made by Whitebirch, Inc. and included all property they own. Their <br />total market value went from $26,787,300 to $16,935,900 for 2010. For taxes payable <br />in 2011 the values had been established at $24,349,700 to $11,491,300. In looking at <br />Tax Capacity the impact is shown as follows: <br />2010 Tax Capacity Loss is $148,173 <br />� 2011 Tax Capacity Loss is $202,631 <br />The result of this is the city will collect $117,782 less anticipated tax revenue in 2011 <br />than was anticipated. <br />With the Fire Contract costs being, in part, calculated using taxable values of the city of <br />Breezy Point we wish to see consideration made to address the reduction in value. The <br />value change was retroactive and as such we would like to see some credit made in <br />future fire contract amounts as we paid more than the formula determined based on <br />past valuations that have since been changed. <br />`... ' <br />