This year Company A built a manufacturing facility in
This year, Company A built a manufacturing facility in Tennis County. The assessed property tax value of the plant is $10 million.
To convince Company A to locate within Tennis County, the county abated its 2% property tax for five years.
The new facility caused other companies to locate in A County raising the assessed value of Tennis property tax base by $15 million (including A’s new facility).
Calculate the net effect on Tennis County’s current year tax revenue from the above facts.
| increase by $100,000 | ||
| increase by $300,000 | ||
| increase by $200,000 | ||
| no change
|
Categories: Uncategorized