Business & Tech
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.
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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
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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.
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$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
Property tax bill without 25 percent discount approved by village.
$21,670
Property tax bill with discount.
All values with the discount are what is currently in place. The Myers' land is valued at that discounted rate with that discounted tax value and results in that discounted property tax bill. We offer the other numbers (without the 25% discount) only as a point of comparison.