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Attachment C <br />2025 COMPARTATIVE ANALYSIS - PROPERTY TYPE <br />A new fire station for the Lake Johanna Fire Department is expected to be constructed in the Spring of 2025. The City has chosen to <br />finance its proportionate share (25%) of the new fire station through the issuance of bonds. In order to pay back those bonds, the City <br />will generate revenues by assessing a franchise fee tax on property owners. <br />For comparative purposes, the below tables provide an estimate of what it would cost a property owner if 1) a franchise fee were <br />imposed or 2) if a property tax levy increase were imposed, in order to generate $435,000 (an 8.2% increase over 2024) of revenue <br />annually for the City. Also shown in the tables below, and for informational purposes, is the 2025 preliminary property tax increase of <br />15.5% and its impact to property owners. The below tables are based on the 2024 property tax values. The monthly impact <br />to property owners are estimates only. The actual 2025 property taxes and impact to property owners will vary based <br />upon the County Assessor's final property valuations. <br />RESIDENTIAL HOMEOWNERS <br />A $469,000 median residential homeowner would see an increase of: <br />• $3.00 per month on their utility bill under an electric -only franchise fee -or- <br />* $7.17 per month on their property tax bill <br />MONTHLY Impact on Homeowners <br />Home <br />Cost <br />per Home <br />Preliminary <br />Market <br />Franchise Fee <br />Property Tax <br />Property Tax <br />Value <br />Electric Only <br />Increase <br />Increase <br />#of Homes <br />%of Homes <br />$ <br />190,300 <br />$ <br />3.00 <br />$ <br />2.48 <br />$ <br />6.27 <br />135 <br />5.1% <br />$ <br />285,500 <br />$ <br />3.00 <br />$ <br />4.08 <br />$ <br />10.16 <br />336 <br />12.7% <br />$ <br />469,000 <br />$ <br />3.00 <br />$ <br />7.17 <br />$ <br />17.62 <br />983 <br />37.1% <br />$ <br />528,700 <br />$ <br />3.00 <br />$ <br />8.26 <br />$ <br />20.76 <br />343 <br />12.9% <br />$ <br />608,000 <br />$ <br />3.00 <br />$ <br />9.79 <br />$ <br />24.46 <br />313 <br />11.8% <br />$ <br />750,300 <br />$ <br />3.00 <br />$ <br />12.53 <br />$ <br />31.10 <br />344 <br />13.0% <br />$ <br />897,900 <br />$ <br />3.00 <br />$ <br />15.38 <br />$ <br />38.01 <br />86 <br />3.2% <br />$ <br />1,002,100 <br />$ <br />3.00 <br />$ <br />17.39 <br />$ <br />42.86 <br />24 <br />0.9% <br />$ <br />2,175,400 <br />$ <br />3.00 <br />$ <br />40.00 <br />$ <br />97.66 <br />79 <br />3.0% <br />$ <br />3,358,500 <br />$ <br />3.00 <br />$ <br />62.81 <br />$ <br />152.90 <br />1 6 <br />0.2% <br />2,649 <br />100.0% <br />MANUFACTURED HOMEOWNERS <br />A $38,100 average manufactured homeowner would see an increase of: <br />• $3.00 per month on their utility bill under an electric -only franchise fee -or- <br />* $1.25 per month on their property tax bill <br />MONTHLY Impact on Manufactured Homeowners (MH) <br />Home <br />Cost <br />per Home <br />Preliminary <br />Market <br />Franchise Fee <br />Property Tax <br />Property Tax <br />Value <br />A- Electric Only <br />Increaser <br />Increase <br />$2.30 <br />#of Homes <br />57 <br />%of Homes <br />21% <br />$ 5,400 $ 3.00 $0.95 <br />$ <br />13,400 <br />$ 3.00 <br />$1.02 <br />$2.48 <br />54 <br />20% <br />$ <br />27,700 <br />$ 3.00 <br />$1.15 <br />$2.80 <br />54 <br />20% <br />$ <br />38,100 <br />$ 3.00 <br />$1.25 <br />$3.02 <br />54 <br />20% <br />$ <br />56,600 <br />$ 3.00 <br />$1.41 <br />$3.43 <br />54 <br />20% <br />$ <br />177,200 <br />$ 3.00 <br />$3.09 <br />$7.77 <br />1 <br />1 <br />0% <br />1: Includes an equal share of MH Park Land Property Taxes <br />1 <br />1 <br />274 <br />100% <br />Franchise Fees Page 1 <br />