Title
Action to abate property taxes in the amount of $1,779.39 for Parcel #40120-00100-017-00, also known as 659 Faculty Drive, City of Brookings, owner. Legal description: Lot 17 College Addition.
Body
Summary:
The City of Brookings has applied to abate a portion of their property taxes in the amount of $1779.39 for Lot 17 College Addition, City of Brookings (659 Faculty Drive). Parcel #40120-00100-017-00. This property was purchased on April 9, 2020.
County Assessor Calculations:
2020 pay 2021 tax = $2,372.48
$2,372.48/12 = $197.71 per month
Abate 9 months = $1,779.39
Fiscal Impact:
The property tax revenue will be reduced by $1,779.39.
Recommendation
Recommendation:
County Assessor recommends approval.
Body2
Attachments:
Abatement Application
Location Map