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Step 4 - Calculate Marginal Local Property Tax Revenues (Including Net Fiscal Disparity Revenues) The table below summarizes the marginal local property tax revenues generated from new growth for FAZ 3 under Trends. The local property tax revenues each year are calculated by multiplying the annual lax rate times the tax capacity. Based on the above methodology, the annual tax rate changes slightly each year given that it is dependent on the other variables. The current level of service, however, is maintained, based on the annually adjusted gross levy. For residential development, 100 percent of the marginal tax capacity is multiplied times the annual tax rate. For nonresidential development, however, only 60 percent of the tax capacity is multiplied times the tax rate given that 40 percent goes into the areawide pool. Annual fiscal disparity revenues are then added to the direct property tax total. Fiscal disparity revenues reflect the marginal increase from the base year. Marginal HACA, Local Government Aid (LGA), and Local Perfonnance Aid (LPA) are also are summed at the bottom of the table. For the Concentrated Development scenario the tax increment revenues will be calculated and accounted for separately from the non-redevelopment growth based on the market values outlined earlier. Yelfr> BI5o(, 2000 2001 2002 2003 2004 2005 SINGLE FAMILY DU So So SO so so SO MEDIUM DENSITY DU so So So so so SO HIGH DENSITY DU SI39 S2n UIO S547 S685 S82J TOTAL DU', S139 S2n 5410 S547 5685 58IJ - ;!'IIIEV.PAGE ItET AIL 60'1 (40'110 pool B.148 56.J44 59.252 512.351 S 15.462 518_581 ,.. OFF[CE 60':0 ('0'110 pool 57.782 515.186 H2.870 530.531 538.120 $'5.930 'INI?USTIFLEX' 60'~ (40'110 pool $4,777 59,JIJ 5I4.0J9 518.743 S23.A63 $28.196 TOTAl. 1'111 515.701 $30,6H $46.161 $61.625 $77.[45 592.708 ========:===~=~~~~:=====~~~~:: =======:.==== ':=::'=:1:3;;:;--=======-= ===::;::;:=;=:::==== =====~~======= ~~::===:::.==== --- - ------ --- ---------- -- --- ------- - -- --------_......- TOT.... I. DU &-NR PROPEIITY T....n:S $15.847 $30,925 $46,571 $6l,171 $77,8)0 $93,531 TOT"" I. ....NNU....L PROPERTY T....XES $15,847 530,915 $46,$71 $61,172 S 77 ,830 $93,531 FISC....L DISP....RITY REVENUES ($Il9f ($1 ,0881 1$6.397) ($5,6881 155.540) ($$,340) OTAL PROPERTY T....XESIW FD $1$,117 $19 837 $40 I7J $56 484 $12,l91 $11.1 91 TOTAL H....C.... $0 $0 $0 $0 $0 $0 TOTAL LGMLPA $1,58: $611 ,84) $59,573 $58,903 $51,93: $5'.961 Page 42 Tischler & Associates, Inc.