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Fiscal Plan for Stadium Place Annexation Area Clay Township
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Fiscal Plan for Stadium Place Annexation Area Clay Township
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Last modified
11/6/2008 2:12:15 PM
Creation date
11/6/2008 2:12:14 PM
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Template:
City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
10/27/2008
Ord-Res Number
3913-08
Bill Number
08-92
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Stadium Village Annexatio~z Area 13 <br />A. Revenue estimate based on $150,000 average per unit assessed value for 24 attached <br />single-family units, taxed at one percent of assessed value. Please note that this is a low-end <br />revenue estimate as the units may be purchased for rentals which would increase the tax rate <br />to two percent. This is only in relation to the building which will be built upon the proposed <br />annexation area. <br />B. Total estimated assessed value: $3,600,000.00 (24 x $150,000.00) <br />C. Total estimated per year tax revenue: $36,000.00 (3,600,000.00 x 0.01) <br />
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