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This year Company A built a manufacturing facility in

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This year Company A built a manufacturing facility in

 

This year, Company A built a manufacturing facility in Tennis County. The assessed property tax value of the plant is $10 million.

To convince Company A to locate within Tennis County, the county abated its 2% property tax for five years.

The new facility caused other companies to locate in A County raising the assessed value of Tennis property tax base by $15 million (including A’s new facility).

Calculate the net effect on Tennis County’s current year tax revenue from the above facts.

increase by $100,000
increase by $300,000
increase by $200,000
no change

 

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