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8/30/2011
<br />Tax Abatement Debt Service - Levy
<br />Tax Abatement Debt Service Impact
<br />• 2013-2032
<br />• General Levy
<br />1st Year Levy
<br />$100,504
<br />— +/- $100,000 /year
<br />— Subject to statutory limit in year resolution is approved
<br />$0
<br />3.361!4
<br />• 10% of NTC = $300,000 — current abatement of $28,000
<br />Homestead Resldantlal
<br />Increase
<br />• Current abatement capacity is $272,000
<br />200,000 1,808
<br />• Impact of General Levy
<br />TMC
<br />(2,990,132
<br />— $225k residential MV = $70 /yr
<br />225,000 2,090
<br />— $500k C/I MV = $311/yr
<br />70
<br />Tax Abatement Debt Service Impact
<br />1st Year Levy
<br />$100,504
<br />Less Ezlsting levy
<br />$0
<br />3.361!4
<br />Homestead Resldantlal
<br />Increase
<br />$100,504
<br />200,000 1,808
<br />TMC
<br />(2,990,132
<br />225,000 2,090
<br />Estimated Market Value a 2010/2011 Net Tax Ca aci[ Tax Rate Increase W:
<br />70
<br />250,000 2,353
<br />79
<br />500,000 5,000
<br />168
<br />cummeraal Industrial
<br />150,000 2,250
<br />76
<br />250,000 4,250
<br />143
<br />500,000 9,250
<br />311
<br />Apattrnerrts 14 a more units)
<br />100,000 1,250
<br />42
<br />200,000 2,500
<br />84
<br />Se awn aI l Re c ra atlonal (Re sldarrrap
<br />150,000 1.500
<br />50
<br />200,000 2,000
<br />67
<br />300,000 3,000
<br />101
<br />is
<br />rr
<br />3.361!4
<br />Homestead Resldantlal
<br />200,000 1,808
<br />61
<br />225,000 2,090
<br />70
<br />250,000 2,353
<br />79
<br />500,000 5,000
<br />168
<br />cummeraal Industrial
<br />150,000 2,250
<br />76
<br />250,000 4,250
<br />143
<br />500,000 9,250
<br />311
<br />Apattrnerrts 14 a more units)
<br />100,000 1,250
<br />42
<br />200,000 2,500
<br />84
<br />Se awn aI l Re c ra atlonal (Re sldarrrap
<br />150,000 1.500
<br />50
<br />200,000 2,000
<br />67
<br />300,000 3,000
<br />101
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