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BUSINESS RETENTION AND <br />DEVELOPMENT COMMITTEE <br />SUBJECT:ECONOMIC DEVELOPMENTUPDATE <br />DATE:MARCH4, 2013 <br />PRESENTED BY:AARON DEJONG, ECONOMIC DEVELOPMENT <br />The BRaDcommittee asked for a discussion on comparative property tax rates/bills for <br />businesses and the impact a debt issuance could have on those rates/bills.The <br />following tables reflect the relative total tax bill for both residential property and non- <br />residential propertyin Louisville and surrounding communities and the property tax bill <br />IF <br />increase debt is issued in various amounts. Finance staff attempted to create an <br />‘apples to apples’ comparison among the communities, but the service delivery and <br />finance structures are different in each community. Property tax bills vary property by <br />property due to special districts and other boundaries, making the comparison difficult. <br /> <br />