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\ JUNE 2005 Page 2 EXEMPT 2005 NET 2006 NET STATE TAX FROM DESCRIPTION I CLASSIFICATION CLASS RATES I CLASSIFICATION CLASS RATES I CLASS RATES RMV TAX - -_-------------_ ------------- ----------------------------------- ------------ --------------------- ------------- RESIDENTIAL NON-HOMESTEAD I 1 Single unit rental 1 4bb(1) 1 4bb(1) I I Class Codes: 201, 202,203, 204 1 1st 500,000 MV 1.00% 1 1st 500,000 MV 1.00% 1 1 over 500,000 MV 1.25% 1 over 500,000 MV 1.25% Duplex,Triplex,vacant land only 1 4b(1) 1.25% 4b(1) 1.25% I Class Codes: 200,207 I 1 I I I I 4 or more units 1 4a 1.25% 1 4a 1.25% I 1 Class Code:205 Low Income Rental Housing I 1 4d 0.75% Class Code:321-1 unit.322-2 units.323-3units. 324-4+ I I I I ----------------- ------ ----- ----------------- ---------------------------------- ------------------ ----------------------- -------------- SEASONAL COMMERCIAL 1 Receives 40%receipts Mem Day to Labor Day 1 1c 1 1c 1 I with 60%of bookings 2 nights or more 1 1st 500,000 MV 1.00% 1 1st 500.000 MV 0.55% I I Class Code: 221 I over 500,000 MV 1.00% 1 1st 500.001 to 2.200.000 MV 1.00° 1 Includes homestead I 1 over 2.200.000 MV 1.25% 1 1.25% 1 i I I I Non-homestead 14c(1) 1 4c(1) I I Class Code: 232 1 1st 500,000 MV 1.00% 1 1st 500,000 MV 1.00% 1 1.00% 1 1 over 500,000 MV 1.25% 1 over 500,000 MV 1.25% 1 1.25% 1 Starting payable 2006 state general tax is calculated using the 1 I I I Seasonal Residential Recreational State General Tax Rate. 1 1 Golf Courses Class Code:238 1 4c(2) 1.25% 1 4c(2) 1.25% I I - --_ ----- -_ _-_-___-- -- ---- ----------------- -------------- COMMERCIALIINDUSTRIAL-PERS.PROP.UTILITIES 1 3a 1 3a Commercial Class Code: 233, JOBZ 251 I 1st 150,000 MV 1.50% 1 1st 150,000 MV 1.50% 1 1.50% 1 243, JOBZ 252 1 over 150,000 MV 2.00% 1 over 150,000 MV 2.00% 1 2.00% 1 Industrial Class Code: 234, JOBZ 253 1 3a 3a 244, JOBZ 254 1 All value 2.00% I All value 2.00% 1 2.00% 1 Starting payable 2006 state general tax is calculated using 1 I I the Comm-Ind State General Tax Rate. 1 I I I MINERALS Class Code: 390 15 2.00% 1 5 2.00% 1 2.00% 1 __------------------- ------------ --------------------------------- ----------------- ---------------------- ------------- ATTACHED MACHINERY 1 3a 2.00% 1 3a 2.00% 1 2.00% 1 COMM. SERVICE ORG.(Masons) Class Code:312 4c(3) o o-_- 1 1.50/o 14c(3) 1.50/o I I CERTAIN AIRCRAFT HANGARS Class Code: 437, 239 1 4c(7) 1.50% 1 4c(7), 4ct81 1.50% I I -_--------- --------------------------------- __-------- ------_---------- -------------- RAILROADS(1 preferred class in each county) 13a 2.00% 1 3a 2.00% I 2.00% 1 Class Code: 235,245 I I I I