Title
Action on a request to abate property taxes from the City of Brookings in the amount of $1,413.17, located on the W ½ of Lot 4, All of Lot 5, Block 1, Hill Park Addition, City of Brookings (1110 4th Street). Parcel #40245-00100-004-00.
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Summary:
The City of Brookings has applied to abate a portion of their property taxes in the amount of $1,413.17 for the W ½ of Lot 4, All of Lot 5, Block 1, Hill Park Addition, City of Brookings (1110 4th Street). Parcel #40245-00100-004-00. This property was purchased from Barry Mielke on June 4, 2019.
County Assessor Calculations:
2019 pay 2020 tax = $2,546.22
$2,546.22/365 = $6.729 per day
Abate 210 days x $6.729 = $1,413.17
Fiscal Impact:
The property tax revenue will be reduced by $1,413.17.
Recommendation
Recommendation:
County Assessor recommends approval.
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Attachments:
Abatement Application