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<br />TWIN LAKES REDEVELOPMENT AREA
<br />5 - IV.....;;..~, Pond
<br />,.."........v.... IIUN::i
<br />I : _~!__~_.~~J____~___~~~_
<br />-- . Area oTParceT-~----l--=~_----~ I 1/2/2004 Market Value (Pay 2005)
<br />(Acres) I (Sq. Feet) I . Land I Building I I
<br />I
<br />
<br />o 15 9.46 411,969
<br />...-- ..-
<br /> I . ....-_.
<br />.-..
<br /> Totals 9.46 411,969
<br /> Original Tax Capacity % of new ETC
<br /> C Commercial/Retail 0.0% 0
<br /> Rental 0.0% 0
<br /> Owner uccup,ea 100.0% 2,093,700
<br /> I 100.0% 2,093,700 I
<br /> I
<br />
<br />2007
<br />2008
<br />-.--.J _
<br />-.---- - _...__~.._.~_~I___o__._._o________.j_____I-----_
<br />131 lunits 41,594,900
<br />2008 0 Isq. ft. 415,949
<br />2009 I 414,454
<br />
<br />I I
<br />I Phase 8 (combined)
<br />I Estimated Market Value I
<br />1--./ Estimated Tax Capacity 20121
<br />~--I------' Estimated Taxes 2013 .
<br />Estimated Tax Increment I
<br />I I I I
<br />Local Tax Rate Pay 2004 ! ISO #621 I 1.04922 I*_____~_
<br />,State Tax Rate Pay 2004 I 0.54109 (CII only)
<br />
<br />1~!ff~;~'brn~e~~~}xt~~fE;!.~f~r.!Clxes.-Clt-o~:.~:!ate.I ~:~~~~~ I (CII only)
<br />
<br />I i I * used for tax increment calculations
<br />I [Admin Fees 10.00% I
<br />I~. -I Inflation I -0- (2008/2009) 2.50%
<br />1---;-. Fiscal Disparities Sharing Factor 31.8268% Pay 2004
<br />I Present Value Rate 6/1/2006 7.00%
<br />I Bonds I ! 5.50%
<br />Bond Coverage I 111.11 %
<br />
<br />I 1
<br />- -lOev-1 OrigfnaTMarketValues-
<br />rAr-eaTr- -.; .--T--T-----
<br />
<br />Phase 1
<br />1::::':'" Ila'C:U Market Value
<br />: ::::"'''' IIO\CU Tax Capacity
<br />11-::"" Id ll:;;U Tax 11,..., 1:;;11 II:;;I Il
<br />I I
<br />,Phase 2 ('-v.....,..."'...,
<br />Market Value
<br />Tax Capacity
<br />I Estimated Tax Increment
<br />-+- I 1
<br />----L Phase 3 (combined) L-
<br />I I Estimated Market Value I
<br />I Estimated Tax Capacity
<br />--i i Estimated Tax Increment !
<br />. !. I I, I
<br />~I--l Phase 4 (combined) 1
<br />-~=l~-~-LJ Estimated Market Value_ - 1--
<br />_.J______J I Estimated Tax Capacity I
<br />=1=. I.' I Estimated Tax Increment I
<br />___1-1- I
<br />, I Phase 5 (combined)
<br />-t-- Estimated Market Value
<br />Estimated Tax Capacity
<br />Estimated Tax Increment I
<br />I I
<br />Phase 6 (combined)
<br />Estimated Market Value
<br />--- I Estimated Tax Capacity 2010
<br />=-=-~----~ - I Esrmatt Tr IncremenD=-=-~~=--- 201I-1
<br />
<br />=t--- I Phase 7 (combined) II 11
<br />I I Estimated Market Value '
<br />Estimated Tax Capacity 2011
<br />Estimated Tax Increment 2012
<br />
<br />~
<br />
<br />2005
<br />2006
<br />
<br />--
<br />
<br />2006
<br />2007
<br />
<br />--
<br />
<br />2009
<br />2010
<br />
<br />I
<br />=-+=
<br />I
<br />~
<br />I
<br />
<br />:
<br />
<br />Twin Lakes 17a.xls
<br />
<br />Total
<br />
<br />I
<br />1,465,100 I
<br />
<br />628,600 ---i $
<br />
<br />2,093,700
<br />
<br />1,465,100
<br />
<br />I _n_n____n______n_
<br />
<br />$ 2,093,700
<br />
<br />628,600
<br />
<br />@
<br />@
<br />@
<br />
<br />Class Rate *
<br />2.00% =
<br />1.25% = I
<br />I 1.00% -
<br />
<br />o
<br />o
<br />20,937
<br />
<br />20,937
<br />
<br />* Final rates for Pay 2004
<br />I
<br />
<br />0 units $0
<br />0 sq. ft. 0 I
<br /> 0
<br /> --------+--
<br /> I
<br />44 units 13,196,875
<br />o I sq. ft. 131,969
<br /> 116,497
<br />
<br />--
<br />
<br />88 units
<br />o sq. ft.
<br />
<br />27,053,594 ,
<br />270,536
<br />261,884
<br />
<br /> 175 [units 56,846,364
<br /> 0 sq. ft. 568,464 I
<br /> 574,476
<br /> 175 units 58,267,523
<br />~ -"^_._-~~--- o sq. ft. .~._- 582,675 ..... .00....
<br /> -----r-- -~- I 589,387
<br />
<br />175 units
<br />o sq. ft.
<br />
<br />59,724,211
<br />I 597,242
<br />604,671
<br />
<br />175 units
<br />o sq. ft.
<br />
<br />61,217,316
<br />612,173
<br />642,304
<br />620,337
<br />
<br />96.6%1
<br />of Total Taxes
<br />,
<br />
<br />29.2
<br />times incr. in MV
<br />
<br />I
<br />I
<br />I i
<br />I
<br />
<br />1.0%
<br />Eff. Tax Rate
<br />
<br />Prepared by Krass Monroe, P.A.
<br />
<br />7/6/2004
<br />
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