| ECONOMIC DEVELOPMENT |
VANDY JONES |
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Taxes
- Real Estate . . . . . . . . . . . . . . . . . .$1.41/$100 at 100% FMV
- Personal Property (vehicles) . . . . . . .$4.30/$100 at 100% NADA loan value
- Machinery & Tools . . . . . . . . . . . . .$3.80/$100 at
- 40%* - 1st Year
- 35% - 2nd year
- 30% - 3rd year
- 25% - 4th year
- 20% - life of property
- Electricity Purchases . . . . . . . . . . . .15% of 1st $500
- Telephone . . . . . . . . . . . . . . . . . . .15% of local service charge
- Gas . . . . . . . . . . . . . . . . . . . .15% of first $50
- Water . . . . . . . . . . . . . . . . . . . .15% of charge for monthly consumption up to 30,000 cubic feet
*Original Cost
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