HomeMy WebLinkAboutpossible revenueSubdivisions 3.29/SF would make average lot in subdivision $20,0000; estimate cost of housing $200,000
Vacant lots assessed value $4,000; tax $20/$5.8 (general fund/roads)
developed lots assessed value $40,000; $200/$58 (general fund/roads)
twenty houses added a year starting in year two
Assessed Value Rate General Fund Rate Roads
year one 11,927$ 59.64$ 17.29$ current undeveloped assessment of land
Year two
20 houses/75 lots 5,100.00$ 1,479.00$
Year Three
40 houses/75 lots 8,700.00$ 2,523.00$
Year Four
60 houses/150 lots 13,800.00$ 4,002.00$
Year Five
80 houses/150 lots 17,400.00$ 5,046.00$
Year Six
100 houses/225 lots 22,500.00$ 6,525.00$
Year Seven
120 houses/225 lots 26,100.00$ 7,569.00$
Year Eight
140 houses/225 lots 29,700.00$ 8,613.00$
Year Nine
160 houses/225 lots 33,300.00$ 9,657.00$
Year Ten
180 houses/300 lots 38,400.00$ 11,136.00$
Year Eleven
200 houses/300 lots 42,000.00$ 12,180.00$
Year Twelve
220 houses/300 lots 45,600.00$ 13,224.00$
Year Thirteen
240 houses/300 lots 49,200.00$ 14,268.00$
year Fourteen
260 houses/375 lots 54,300.00$ 15,747.00$
Year fifteen
280 houses/375 lots 57,900.00$ 16,791.00$
Year sixteen
300 houses/375 lots 61,500.00$ 17,835.00$
Year seventeen
320 houses/375 lots 65,100.00$ 18,879.00$
Year eightteen
340 houses/450 lots 70,200.00$ 20,358.00$
Year ninteen
360 houses/450 lots 73,800.00$ 21,402.00$
Year twenty
380 houses/450 lots 77,400.00$ 22,446.00$
Year Twenty-one
400 houses/450 lots 81,000.00$ 23,490.00$
Year twenty-two
420 houses/550 lots 86,600.00$ 25,114.00$
Year twenty-three
440 houses/550 lots 90,200.00$ 26,158.00$
Year Twenty-four
460 houses/550 lots 93,800.00$ 27,202.00$
Year twenty-five
480 houses/550 lots 97,400.00$ 28,246.00$
Year twenty-six
500 houses/550 lots 101,000.00$ 29,290.00$
Year twenty-seven
520 houses/550 lots 104,600.00$ 30,334.00$
Year twenty-eight
540 houses/550 lots 108,200.00$ 31,378.00$
Year twenty-nine
550 houses/550 lots 110,000.00$ 31,900.00$