 |
The Ashley Job Development Authority works closely with local financial institutions, the North Dakota State Economic Development Commission, the Bank of North Dakota and other capital sources to seek funding for new and expanding businesses.
|
| Real Property |
Taxable Value |
City |
|
|
| |
True and Full Value |
$18,465,421 |
|
|
| |
Assessed Value |
$9,232,711 |
|
|
| |
|
|
|
|
| 2003 Tax Rate (Mills) |
|
|
|
| |
City |
108.41 |
|
|
| |
School District |
164.17 |
|
|
| |
Park |
29.22 |
|
| |
County/State |
114.18 |
|
| |
Total |
415.98 |
|
| |
|
|
|
| |
|
|
|
| Tax Example |
|
|
| |
Assuming that a new building has been erected for industrial purposes, which costs $200,000 to build and is placed on land costing $20,000, the real estate taxes would be computed as follows: |
| |
$200,000 |
=Cost of Building |
| |
+ $20,000 |
=Cost of Land |
| |
|
| |
= $220,000 |
=True & Full Value |
| |
x 50% |
|
| |
|
| |
= $110,000 |
=Assessed Value |
| |
x 10% |
|
| |
|
| |
= $11,000 |
=Taxable Value |
| |
x .41598 |
(Mill Levy) |
| |
|
| |
= $4,575 |
=Tax (Before Discount) |
| |
x .95 |
(5% discount for early payment) |
| |
|
| |
Total |
= $4,346.25 |
| |
|
|
| Local Non-Property Tax |
City |
State |
| |
Inventory |
No |
No |
| |
Machine-Equipment |
No |
No |
| |
Retail Sales |
Yes |
Yes |
| |
Income Wages |
No |
No |
|
|
 |
