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<br />Step 2 - Calculate Future Tax Capacity <br /> <br />Tax capacity is determined by multiplying the assessed value times the tax class rates for each <br />type of development. The table below shows how the tax capacity is determined for both the <br />residential and nonresidential prototype projections in under the Trends scenario under FAZ 3. <br />Only the tax capacity projections to the year 2007 are shown. although the table continues to <br />2020. <br /> <br />T...." C....P....CITV PROJECTIONS <br /> <br />Locill S...les R ;lUG: <br />RI:~idC"nlial Clan Rail:: <br />R,e:I;ilil Clan R.lle: <br />OftiCI::O;J$:$ RiJllc:: <br />Ind.lFlc:o. CJns Ril1c:: <br /> <br />100q. <br />II} loSJ:I'K 1.7~ DverSnK <br />3.....5'1- b.lSc:d on adjullmr:nl calculalc:d below <br />}A,6'.., basc-d Dn adju 51rncnl (:iLkullllf~d btJaw <br />],~6"f bded on ildjustmenl caku]jued bcZow <br /> <br />l.""" tn 150K <br />2.4''''' In "01( <br />24''''' 10 "OK <br /> <br />UOq. <br />3.'0'1 <br />3.'0'< <br /> <br />Over I,SOfo.: <br />Oyer ~~OK <br />O...er L.'IOK <br /> <br />lI.ulinl Uniu .y TJpC' <br /> <br />.....c,Ir.:> 1999 2000 2001 2002 20(H 2004 200' 2006 ~OO7 <br />SINGLE FAMILY DU ~O SO SO ~O SO SO ~O ~O SO <br />MEDIUM DENSITY OU SO SO SO ~O SO ~O SO SO SO <br />HIGH DENSITY DU ~O S700 S700 $100 S700 ~7oo $100 ~600 HOO <br />TOT AL DU', ~O ~7oo ~700 $100 ~7oo ~700 5700 ~600 ~600 <br />RETAIL SO 526.341 516,341 ~ 26.311 U6,341 ~16,311 ~16,341 ~16.241 S26,~-I! <br />OFFICE SO 56S.111 ~6'.111 ~".111 $6S.111 S6,.1I1 ~".11I S6S.089 ~"019 <br />IND/FLEX ~O S39.912 S39.912 $39.972 U9.972 $39,972 $]9.972 540.073 540.073 <br />TOTAL NR ~O $I 3 1.424 SI) 1.424 ~ 13 L420 ~ 13] .424 ~ 13 I ,424 S]]1424 S 13 140] ~ IJ 140J <br />ICUM TOTAL DU AND NR ~O S1J2.11J $164.248 $)96,372 S'H,496 S660620 S792.744 ~924.747 S I .O:'i6.7.I9 <br /> <br />N.."rtlidtllliD./h T11H <br /> <br />N..,-RtsldtnUal AdJUiltd C 1..1" Ralt Calc:ut.Uon <br /> <br />Rr-tllil <br />OiJi<< <br />IndlFltx <br /> <br />300 <br />50.0 <br />60"0 <br /> <br />A...enl;l; Silt j "SFI <br />^veuge S~z~ ~ KSFI <br />AVl:r.il,Sc- SLZC: ~ KSF, <br /> <br />3.".~"t A...tf.1l ( R.l:ta~1 (1:11'1.1: R;tlr r P.ar.;d <br />).4S"k A....~r;ll!'C fl-CEa.1 Chin A:;at~ r p-a...:::d wlPr-~n3:t Pro flY <br /> <br />)."6~ Aver;u-e Office Class Rale: er P.arc:c[ <br />3..1.6'1- Avcr"l!t Offic~ Chu R;JI~ r P'.af~d w/Personal Pro r1 <br /> <br />).461" ^"efil e End-Au Ch:u Rallt t P.iifcel <br />J.l-60;{ A....t::fnc: rnd-Flex 0."$ R;att r P'aJ'(if:1 ..../Pr.:n:onal Pro r1 <br /> <br />PtflllltlJt Proptrf1 Adjlutmtltt <br />Commll-.d Tn Capacity <br />Pcnon..t PnJpcr1y Tn C~pa.ci:tv <br />Taul <br /> <br />U 1.924, ]46 <br />50 <br />$11.924,146 <br /> <br />1000'1> <br />0.0" most c--.cmpE pet d:isc:uuioo ",i.tb SUEt <br />100.0'1> <br /> <br />Adjusted AveRse RC:'iI~1 Ch.n R;JIC': <br />A.djulk:d Avera'iI;: om!;!;: CI.ns Rolle: <br />Adj...fL:d Aver-alc Jnd/F1ex CluJ; Rate: <br /> <br />3.4j", <br />3.46'" <br />J.46'" <br /> <br />The resulting calculations shown in the table are eXplained below. <br /> <br />1. The class rate for single family residential units (detached units and townhouses) is I % for <br />the first $75,000 of assessed value and 1.70% for the amount over $75,000. For multifamily <br />apartments, the class rate is 2.50 percent. These rates are used to detennine the tax capacity <br />for future single family and multifamily residential units based on the assessed value per new <br /> <br />Page 34 <br /> <br />Tischler & Associates, Inc. <br />