HomeMy WebLinkAboutC.054.93008_1436 (2)District, in compliance with a contract adopted by the respective two governing boards. A charge of
one and one-half (11) per cent of all taxes collected for the taxing districts will be payable to
Iredell County for said collection services.
Section 13. There is hereby levied a tax rate of $.035 per One Hundred Dollars ($100.00)
valuation of property within the Shepherds Fire District, a tax rate of $.025 per One Hundred
Dollars ($100.00) valuation of property within the Mt. Mourne Fire district, a tax rate of $.035 per
One Hundred Dollars ($100.00) valuation of property within the East Alexander Fire District, and a
tax rate of $.038 per One Hundred Dollars ($100.00) valuation of property within the Iredell County
Fire Service District. The estimated tax collection rate for the four fire districts is 96.3%.
Property valuation for ad valorem taxes for the first districts for the 1988-89 fiscal year is
estimated to be as follows:
Shepherds $ 161,756,416
Mt. Mourne 117,923,157
East Alexander 21,391,485
INedeil County Fire Service District 1,506,602,175
Section 14. The following amounts are to be appropriated for the four fire districts for the
Fiscal Year beginning July 1, 1988 and ending June 30, 1989:
Shepherds 59,092
Mt. Mourne 31,974
East Alexander 7,917
Iredell County Fire Service District 632,886
It is estimated that the following revenues will be available for the four fire districts for
the Fiscal Year beginning July 1, 1988 and ending June 30, 1989:
Shepherds
Current Ad Valorem Taxes 54,520
Delinquent Ad Valorem Taxes 1,100
Elderly Exemption Reimbursement 275
Inventory Tax Reimbursements 3,037
Interest on Investments 160
Fund Balance Appropriated -
Total Revenues 59,092
Mt. Mourne
Current Ad Valorem Taxes 28,390
Delinquent Ad Valorem Taxes 568
Elderly Exemption Reimbursement 230
Inventory Tax Reimbursements 2,586
Interest on Investments 200
Fund Balance Appropriated -
Total Revenues 31,974
East Alexander
Current Ad Valorem Taxes 7,210
Delinquent Ad Valorem Taxes 144
Elderly Exemption Reimbursement 59
Inventory Tax Reimbursements 419
Interest on Investments 85
Fund Balance Appropriated -
Total Revenues 7,917
Iredell County Fire Tax District
Current Ad Valorem Taxes 551,326
Delinquent Ad Valorem Taxes 13,850
Elderly Exemption Reimbursement 2,579
Inventory Tax Reimbursements 56,947
Interest on Investments 1,000
Fund Balance Appropriated 7,184
Total Revenues 632,886
911 Section 15. The Board of County Commissioners does hereby agree to contract with existing