Form Ms-1 Instructions For Completing Summary Inventory Of Valuation (Page 5 of 6) in pdf

SCENARIO 3 - GRAND FATHERED (PRIOR TO 4/29/00) ALL RETAINED

[all retained for bon/operations and development RSA 162-K:10, III (b)(1)]

Current Assessed Value

$100,000

Equalization = Current Assessed

Original Assessed Value

($40,000)

Value ($40,000, same as tax rate)

Captured Assessed Value

$60,000

Tax Rate (page2)=Current Assessed

Captured Assessed Value

$60,000

Value ($40,000 and then apply tax

Retained to Pay Bonds

($30,000)

rates to higher current assessed value

Retained for Operations & Maintenance

($30,000)

of $100,000)

ALL

Unretained (shared)

RETAINED

SENARIO 4 - Grand fathered (prior to 4/29/99) SOME UNRETAINED

[some not retained for bond/operations and development RSA 162-K:10, III (b)(2)]

Equalization = Current Assessed Value

Current Assessed Value

$100,000

plus Unretained Captured Assessed

Original Assessed Value

($40,000)

Value ($40,000 + $10,000 and then

Captured Assessed Value

$60,000

apply tax rates of the total current

assessed value of $100,000)

Tax Rate (page2)=Current Assessed

Captured Assessed Value

$60,000

Value plus Unretained Captured

Retained to Pay Bonds

($30,000)

Assessed Value ($40,000 + $10,000

Retained for Operations & Maintenance

($20,000)

and then apply tax rates to the total

current assessed value of $100,000)

Unretained (shared)

$10,000

SOME

UNRETAINED

- EXAMPLES -

The amount shown in the bolded boxes will be used for equalization purposes

Tax Increment Financing Districts

TIF #1

TIF #2

TIF #3

TIF #4

RSA 162-K

Scenario 1

Scenario 2

Scenario 3

Scenario 4

(Grand Fathered)

Date of Adoption

1/13/97

1/30/98

6/1/00

3/15/00

$40,000

Original Assessed Value

$40,000

+ Unretained Captured Assessed Value

$10,000

= Amount used must be included on

$50,000

$40,000

$50,000

$40,000

page 2 (tax rates)

+Retained Captured Assessed Value

$60,000

$50,000

$60,000

$50,000

Current Assessed Value

$100,000

PAYMENTS IN LIEU OF TAXES:

Enter the amount of monies your municipality is expecting to receive from Reimbursements for State & Federal Forest Land, Recreational Land or Flood Land.

If your municipality expects to receive a payment in lieu of taxes, enter in the appropriate space the amount of REVENUE (not assessed valuation) and the

SOURCE(S).

This number must coincide with the Revenue reported on account number 3186 on the Revised Estimated Revenues (MS-4).

EXCAVATION ACTIVITY TAX

(RSA 72-B:12) Enter the following in the appropriate box:

The amount of monies your municipality is expecting to receive from the Excavation Activity Tax.

The valuation of the pit area(s) affected by the Excavation Activity Tax. This figure must not be included on page 2 of the MS-1 as part of a

municipality’s land value.

MS-1

Instructions

Rev. 8/00