Here is a copy of the Rainmans, AKA Mr. Cedric Kuykendall, tax - TopicsExpress



          

Here is a copy of the Rainmans, AKA Mr. Cedric Kuykendall, tax bill. It represents at least five years of non-payment, possibly even longer. SPECIAL MESSAGE TO PROPERTY OWNER Property taxes are constitutionally capped at 1% of property value for homesteads (owner-occupied), 2% for other residential property and farmland, and 3% for all other property. Property Number Property Type Taxing Unit Tax Year 45-08-28-479-025.000-004 Real Property Gary-Calumet 2013 Pay 2014 Name / Address: Cedric Kuykendall 4360 Broadway Gary IN 46408 Location: 4360 BROADWAY , GARY IN 46408 Legal Description: KELLEY-SEMMES BLVD. HGHTS. ADD. ALL L.34 & 35 BL.1 Please contact the Treasurer`s Office to pay this amount. TABLE 1: SUMMARY OF YOUR TAXES Assessed Value And Tax Summary 2013 Pay 2014 1a. Gross Assessed Value (AV) of homestead property (capped at 1%) 83,100 1b. Gross AV of residential property and farmland (capped at 2%) 0 1c. Gross AV of all other property, including personal property (capped at 3%) 0 2. Equals Total Gross Assessed Value of Property 83,100 2a. Minus Deductions (See Table 5 Below) - 61,335 3. Equals Subtotal of Net Assessed Value of Property 21,765 3a. Multiplied by Your Local Tax Rate 5.9023 4. Equals Gross Tax Liability (See Table 3 Below) 1,284.64 4a. Minus Local Property Tax Credits - 158.06 4b. Minus Savings Due to Property Tax Cap (See Table 2 Below) - 241.80 4c. Minus Savings Due to 65 Years & Older Cap - 0.00 5. Total Property Tax Liability 884.78 Please See Table 4 for a Summary of Other Charges to This Property TABLE 2: PROPERTY TAX CAP INFORMATION Property Tax Cap (Equal to 1%, 2% or 3% of Line 2, Depending on Type of Property)1 831.00 Adjustment to Cap Due to Voter-Approved Projects And Charges2 53.78 Maximum Tax That May Be Imposed Under Cap 884.78 TABLE 3: GROSS PROPERTY TAX DISTRIBUTION AMOUNTS Taxing Authority 2013 Pay 2014 County 130.38 Township 51.71 School District 310.04 City 673.76 Library 67.91 Tax Increment 0.00 Special District 50.84 Total 1,284.64 TABLE 4: OTHER APPLICABLE CHARGES TABLE 5: APPLICABLE DEDUCTIONS Levying Authority 2013 Pay 2014 Type of Deduction 2013 Pay 2014 Little Cal River Basin 45.00 Blind/Disabled 0 Storm Water Gary 60.00 Geothermal 0 Homestead/Standard 45,000 Mortgage 3,000 Over 65 0 Veterans 0 Abatement 0 Enterprise Zone 0 Investment 0 Supplemental Standard 13,335 Other 0 TOTAL OTHER CHARGES 105.00 TOTAL DEDUCTIONS 61,335 1. The property tax cap is calculated separately for each class of property owned by the taxpayer. It is possible, therefore, that you may receive credit for the tax cap on line 4c even if your net property tax bill is lower than this amount. 2. Charges not subject to the property tax cap include property tax levies approved by voters through referendum. In Lake County and St. Joseph County, this line also reflects debt obligations incurred prior to the creating of the property tax caps. When added to the base property tax cap amount for your property, this creates the effective tax cap rate. 3. If any circumstance has changed that would make you ineligible for a deduction that you have been granted per Table 5 of this tax bill, you must notify the county auditor. If such a change in circumstances has occurred and you have notified the county auditor the deduction will be disallowed and you will be liable for taxes and penalties on the amount deducted. FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL) Delinquent After Monday, May 12, 2014 Delinquent After Monday, November 10, 2014 Current Property Tax 442.39 Current Property Tax 442.39 Other Charges (See Table 4) 75.00 Other Charges (See Table 4) 30.00 Delinquent Tax 6,166.54 Delinquent Tax 0.00 Delinquent Penalty 4,179.14 Delinquent Penalty 0.00 LESS PREPAYMENTS 0.00 LESS PREPAYMENTS 0.00 Amount Due for SPRING 10,863.07 Amount Due for FALL 472.39 11335.46 A five percent (5%) penalty will be added if the installment of the tax bill is paid within thirty (30) days after the due date and there are no other outstanding delinquent charges. A ten percent (10%) penalty will be added if an installment of the tax bill is not paid within thirty (30) days after the due date. PREVIOUS YEAR TAX INFORMATION FOR 2012 PAY 2013 (*As of Nov 12, 2013 ) TAX DETAILS Gross Assessed Value of Land 10,900 Gross Assessed Value of Improvements 75,700 Total Deduction Amount 62,560 Tax Rate 6.0728 Gross Tax Liability 1,459.90 Minus Total Credit Amount (State, Local and Circuit Breaker) 516.92 Net Tax 942.98 FIRST INSTALLMENT (SPRING) SECOND INSTALLMENT (FALL) Property Tax Amount 471.49 Property Tax Amount 471.49 Other Charges 75.00 Other Charges 30.00 Delinquent Tax 5,118.56 Delinquent Tax 0.00 Delinquent Penalty 3,011.74 Delinquent Penalty 530.50 Amount Paid 0.00 Amount Paid 0.00 Balance Due At Year End* 8,676.79 Balance Due At Year End* 1,031.99 nwitimes/news/local/lake/gary/gary-s-rainman-of-demolition-out-to-change-city-s/article_506da322-fd57-55ab-9977-c17326ae7d7c.html
Posted on: Thu, 30 Oct 2014 06:45:47 +0000

Trending Topics



Recently Viewed Topics




© 2015