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NOU -20 -1998 11:53 <br />NAC 612 595 9837 P.03/08 <br />3. What is the tax impact of taking this off the tax rolls entirely, and how does it impact <br />the overall commercial availability to reach our tax goals? <br />Response: <br />3a. As a public park facility, the site would be tax exempt and the various taxing <br />jurisdictions would not receive any tax revenues from the site. <br />3b. The loss of this commercial site would not make or break the City efforts to <br />achieve the City's tax goals. This site lies outside the 2010 growth area. As <br />such, it would not have development potential until after 2010. Additionally, <br />the land use designation and zoning would not guarantee a timely <br />development even after MUSA became available. <br />3c. The table below illustrates the property tax capacity ratio for 1999, <br />illustrating the different tax capacities for various land use types. <br />PROPERTY CLASS RATES 1999 <br />Percent <br />Homesteads < $72,000* <br />1.00 <br />Homesteads $72,000 to $75,000 <br />1.00 <br />Homesteads > $75,000 <br />1.70 <br />Rental Homes < $75,000 <br />1.25 <br />Rental Homes >$75,000 <br />1.70 <br />Duplexes/Triplexes <br />1.70 <br />Apartments <br />2.50 <br />C/I and Utility < $100,000 ** <br />2.45 <br />C/I and Utility $100,000 to $150,000 <br />2.45 <br />C/I and Utility > $150,000 <br />3.50 <br />Low income Rental <br />1.00 <br />Cabins < $75,000* <br />1.25 <br />Cabins $72,000 to $75,000 <br />1.25 <br />Cabins > $75,000 <br />2.20 <br />Farm land and buildings <br />Homestead < 320 acres < $115,000 <br />0.35 <br />2 <br />