|
TABLE VII
GROWTH FACTOR
The "Growth Factor" is the Statewide percentage factor which is multiplied by a
property's full cash value to produce the assessment. An example of the application of
the Growth Factor is:
Property's Full Cash Value $100,000
Growth Factor (FY 86-87) x .434750
Assessment $ 43,475
The tax rates are applied to each $100 of assessment to produce the tax bill.
The following chart summarizes the applicable Growth Factors for each tax year.
|
Year
|
Percent
|
|
1972-73 .....................................................
|
60%
|
|
1973-74......................................................
|
60%
|
|
1974-75 .....................................................
|
50%
|
|
1975-76.....................................................
|
50%
|
|
1976-77.....................................................
|
50%
|
|
1977-78 .....................................................
|
45%1
|
|
|
50%2
|
|
1978-79.....................................................
|
45%1
|
|
|
50%2
|
|
1979-80.....................................................
|
45%1
|
|
|
50%2
|
|
1980-81 .....................................................
|
46.8252
|
|
1981-82.....................................................
|
46.8252
|
|
1982-83 .....................................................
|
45.6343
|
|
1983-84.....................................................
|
44.2617
|
|
1984-85.....................................................
|
43.4925
|
|
1985-86.....................................................
|
43.4750
|
1Residential Owner Occupied
2A11 Other Property
18
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