Cotton Plant is appraised for 2008 is $2,215,400.
City tax is 2,215,400 x 40% x tax rate of 3.25 = $28,800.20.
2008 County tax for CP is 2,215,400 x 40% x tax rate of 4.04 = $35,800.86
So combined 2008 tax amount is $64,601.06.
Per foot that is 64,601 / 37,770 = $1.71 per foot for city and county taxes for 2008
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If CP were in OB, the tax would be as follows:
2,215,400 x 15% x 98.3 = desoto county tax = $32,666
2,215,400 x 15% x 34.5 = OB city tax = $11,464.70
That's a total combined tax of $44,130.70
That would be $44,130.70 / 37,770 = 1.17 per foot.
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If CP were in Collierville tax would be as follows:
2008 County tax for CP is 2,215,400 x 40% x tax rate of 4.04 = $35,800.86
2008 City of Collierville tax is 2,215,400 x 40% x tax rate of 1.28 = $11,342.85
That's a total combined tax of approx $47,142
That would be $47,142 / 37,770 = 1.25 per foot
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If CP were in Piperton TN tax would be as follows:
Piperton tax is 48 cents per $100 of assessed value. Assessment on commercial property is 30% of appraised value.
2,215,400 x 30% = $664,620 is assessment for city of Piperton
$664,620 /100 x .48 = $3190.18 is city of Piperton tax
Fayette County property tax is $1.74 of assessed value. Assessment on Commercial property is 40% of appraised value.
2,215,400 x 40% = $886,160 is assessment for Fayette County
$886,160 /100 x 1.74 = $15,419.18 is Fayette County tax
Tuesday, August 19, 2008
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