The Impact Of Easements On Royse Myers' Property

The Village gives Myers a 25 percent discount on his tax bill because of the easements on his property, but here's how that discount affects the Village's bottom line.

Want to read more about this topic? "Like" this story on Facebook by clicking on the "like" link above this story. If we get more than 10 "likes," we'll know to do a follow-up story. By his count, Marty Kuehn, the Village assessor, said Royse Myers owns more than 221 acres. By his tally, here's how the numbers shape up. $895,800 The estimated value of the land, including the house and its 10-acre parcel which is valued at $134,300 of that total. $7,500 per acre The value of the land per acre without the 25 percent discount approved by village. $5,600 per acre The value of land per acre with the discount. $131.30 The per acre tax rate without the 25 percent discount approved by village. $98.50 Per acre tax rate with discount. $28,900 …

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