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12/30/2002 11:23 808-935-4924 HIBR PAGE 04 <br /> HSkeModel2 Denartm nt <br /> o~ P Finance <br /> ia~z4ro2 Hamesite Valuation Model <br /> . NOW <br /> 3) John dedicates 9 acres to pasture use. <br /> HOMESITE <br /> (1 Acre) (Remainder of land: 9 Acres) <br /> Values <br /> Mit:If01 Aee~ AtterEremutinn <br /> Building: 5140,000 x140,000 $100,000 <br /> Total Land: $100,000 511,890 511,890 <br /> Land,HomesJte: 510,000 (1/t0of5100,000) <br /> Land, Remainder. 51,990 (S2t0/acre) <br /> Total Bullding 8< Land: ;240,000 5151,890 6111,890 ' ~ - ~ i `02 ~ <br /> 10 Acres <br /> NOVA <br /> <br /> 4) John's neighbor, Frank, builds a similar house on his 1 <br /> acre lot and compares his tax assessment with John's. <br /> HAMFCITF <br /> 1 Acre <br /> Values <br /> Q~(((gt Amp sed A -r t3cemnt en <br /> Bullding: 5140,000 5140,000 5100,000 <br /> Total Land: 580,000 $80,000 660,000 <br /> Land, Homesite: <br /> Land, Remainder. <br /> Total Building & Land: §200,000 5200,000 $180,000 ~ G O = ~ ~ <br /> <br />