Currently generates annual revenue of $26,500 (this is a paltry amount given a town our
size and the improvements needed) .
The Town Council is seeking to increase the Long Beach rate from $ .006 to. $0.03.
Long Beachs current rate is among the lowest in the State of Indiana (vast majority of
municipalities in Indiana tax at the max of $0.05 per $100 of Assessed Value) and the
Town Council is seeking to go only to 3 cents not 5 cents per $100 of assessed value
WHAT WILL RAISING THE RATE TO THREE CENTS PROVIDE THE TOWN?
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Estimate by Cender and Co. indicates impact on individual property owners as follows:
o For properties receiving homestead exemption:
$100,000 Assessed Value = $10/year net increase ($0.83/month)
$200,000 Assessed Value = $25/year net increase ($2.08/month)
$267,000 Assessed Value = $35/year net increase ($2.92/month)
o For properties NOT receiving homestead exemption:
$100,000 Assessed Value = $25/year net increase ($2.08/month)
$200,000 Assessed Value = $50/year net increase ($4.17/month)
$300,000 Assessed Value = $75/year net increase ($6.25/month)
$400,000 Assessed Value = $100/year net increase ($8.33/month)
$500,000 Assessed Value = $125/year net increase ($10.42/month)
$1,000,000 Assessed Value = $250/year net increase ($20.83/month)
The town is in dire need of many improvements. These improvements will likely raise your
property values more that the tax itself. The town needs to make major renovations to the
Community Center, including a roof and HVAC. The town needs to make improvements to the
Stop 24 Pump House and Stop that will greatly beautify what is currently a town eyesore.
Improve streetscapes with new street signs and more efficient and less expensive street lighting.
Other possible uses include purchase of new Leaf Machine, new front loader for Street
Department and new fire truck for the Fire Department.