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SFCB � project Plan for Developmentof P1LOT for the City of Springfield <br />319,477 <br />90712XAComorations 1184,901,900 112% <br />906 Churches I 169,187,100 I 11 % <br />904 Colle�e I 167_871_400 I 11% <br />908 Rousin�Autnoritv I 68_433_400 I 4% <br />�0� Us C�oaen�� � ��.�4�'�$� d �"`� <br />901 Siate cyf.�ss � 47,93�,�D(D �`YQ <br />sa2 �ount� I �8,��1,{�a�} I -� <br />100% <br />Note the largest owner of properiy in tenns of value is the City itself, which is typical for <br />urban co��n.�nunitae�. However, the other classes of tax exeinpt properiies should be <br />closely examined to ascertain the various types of institutions. <br />The Assessor's Office provided a listing of Class 904, College properties. These include <br />Springfield College, Westem New England College, and American Intez�zatzoz�a� College. <br />Their total value was $170.3 million. If they were payingtaxes at the full commercial tax <br />rate of $33.36 per thousand, their properiy tax obligation totals $5.6 million annually. <br />These three colleges together own over 432 acres of land in the City. <br />Code 905 Charitable properties include Baystate Medical Center which i s valued at <br />$145.1 million and owns over 74 acres of land. If taxable their properiy tax obligation <br />totals over $4.8 million annually. Therefore, the first step is to assemble (typically from <br />assessment records) all of this data by ownership size - both in tern�s of value and land <br />area for a11 of the tax exeinpt class codes -with special attention to classes 904,905, and <br />906. The data can then be reviewed and analyzed, and statistical comparisons developed. <br />— Map and Present the Data <br />� <br />' The purpose for assembling the ir�.£o.�natior€ is to demonstrate the e�tent of tax exeinpt <br />� property in the City and to show the burden it is placing on the city resources and <br />taxpayers. Graphically showing — in color preferably by type or owner — the tax exempt <br />land area on a map of the City is essential. Additional illustrative charts and graphs are <br />also useful. Researchinghistorical ownership data; it is useful to see if the amount of tax <br />exempt land area (or proportionate share of value) has grown — say over 10 or 20 year <br />intervals — and it probably has! <br />J.F. Ryan Associates, Tnc. September 16,2005 <br />� <br />