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Digital ID
upr000270-115
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I agree.Under County and City taxes are included the ad valorem tax which is predicated upon a tax rate of $5»00 per $>100 of assessed valuation® The municipal license, tax is included at the rate of 3 /4 of 1% of the gross revenue ® The rate base is predicated on an "original cost" estimate of the fixed capital actually in service, less the depreciation reserve requirement with an allowance for working capital. The details are as follows; Fixed Capital as of 12-31-49 $ 803,011 Additions 1950 (estimated) 140,000 Total | 943,011 Less Depreciation reserve requirement 98,933 $ 844,078 Working cash 10,000 Material & Supplies 5,000 Rate Base # 859,078