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Comparison of Tax Revenues
<br />Taxes on Single Family/Townhome (Homestead)
<br />Value
<br />Acres
<br />EMV
<br />City Taxes
<br />Total taxes
<br />City portion
<br />5150,000
<br />Big Box Store
<br />$2,292
<br />16
<br />5983
<br />$56,875
<br />5250,000
<br />$7,000,000
<br />53,628
<br />60,000
<br />51,556
<br />Fast Food
<br />Restaurant
<br />$500,000
<br />1.3
<br />57,641
<br />$4,743
<br />52,145
<br />$4,572,900
<br />2.6
<br />113,542
<br />$32,056
<br />Single Family Home
<br />$183,700
<br />0.26
<br />Taxes on 50 Unit Market Rate Apartment
<br />$1,030
<br />Industrial Building
<br />$1,879,400
<br />EMV
<br />30,076
<br />Total taxes
<br />City portion
<br />57,500,000
<br />122,570
<br />$40,213
<br />Taxes on 50 Unit Affordable Rate Apartment
<br />EMV
<br />Total taxes
<br />City Portion
<br />57,500,000
<br />$73,542
<br />$24,128
<br />Taxes on Commercial /Industrial (less Fiscal Disp.)
<br />EMV
<br />Total taxes
<br />City Portion
<br />5750,000
<br />511,178
<br />$3,667
<br />54,500,000
<br />523,337
<br />$7,657
<br />$7,500,000
<br />5122,618
<br />$40,229
<br />Taxes on Lakewood first floor developed as commercial (less Fiscal Disp.)
<br />EMV
<br />Total taxes
<br />City Portion
<br />51,494,200
<br />$23,243
<br />57,626
<br />Taxes on Lakewood first floor developed as market rate apartments
<br />EMV
<br />Total taxes
<br />City Portion
<br />51,494,200
<br />524,419
<br />58,011
<br />Taxes on Lakewood first floor developed as affordable apartments
<br />EMV
<br />Total taxes
<br />City Portion
<br />51,494,200
<br />514,652
<br />54,807
<br />Sample Properties: Taxes and Development Fees Generated
<br />City Taxes
<br />Generated
<br />Development
<br />Value
<br />Acres
<br />Size (sq. ft.)
<br />City Taxes
<br />Big Box Store
<br />$10,578,700
<br />16
<br />182,760
<br />$56,875
<br />Grocery Store
<br />$7,000,000
<br />7
<br />60,000
<br />$37,028
<br />Fast Food
<br />Restaurant
<br />$936,888
<br />1.3
<br />3,746
<br />$4,743
<br />Apartment Building
<br />$4,572,900
<br />2.6
<br />113,542
<br />$32,056
<br />Single Family Home
<br />$183,700
<br />0.26
<br />1386
<br />$1,030
<br />Industrial Building
<br />$1,879,400
<br />4.91
<br />30,076
<br />$9,840
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