What is the tax savings if the exemption criteria are met?

Since there are four different Tax Code Areas (TCA) that overlap the CIC Zone within the City of Marysville, the realized savings will differ.

All rates are expressed in dollars per thousand dollars of assessed value for the 2019 tax year.

TCA 00508: 7.092107221 of savings

TCA 00509: 7.366485104 of savings

TCA 00511: 6.573942603 of savings

TCA 00514: 6.947786762 of savings

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1. What is the tax savings if the exemption criteria are met?
2. What tax rate will apply?
3. Does the Refurbishment of an existing structure or building meet criteria for the Tax exemption?
4. Are the improvements made during the exemption also tax exempt?