In order to calculate the impact of the property tax proposed by CJCFPD on personal property:

Calculation: Value of the vehicle X assessment rate for personal property tax X property tax rate /100 = Increase in property tax

Sample: $10,000 X .33 X .15/100 = $4.95

The CJCFPD tax will be implemented over a three year period, so in the above example, the new taxes would be:

2013 - $1.65
2014 - $3.30
2015 - $4.95