HomeMy WebLinkAbout2011-07-12; City Council; 20623; Establishing FY 2001-12 tax for CFD No 1CITY OF CARLSBAD - AGENDA BILL
AB#
MTG.
DEPT.
20.623
7/12/11
FIN
ESTABLISH FISCAL YEAR 2011-12
SPECIAL TAX FOR COMMUNITY
FACILITIES DISTRICT NO. 1
DEPT. DIRECTO
CITY ATTORNEY
CITY MANAGER
RECOMMENDED ACTION:
Adopt Resolution No. 2011-168 establishing the Fiscal Year 2011-12 special tax for
Community Facilities District No. 1.
ITEM EXPLANATION:
In 1982, the State Legislature responded to the need for a high quality method of financing
public improvements by approving the Mello-Roos Community Facilities Act of 1982. This Act
allows voters to approve a special tax levied on their property to fund the construction or
acquisition of facilities or services through a Community Facilities District ("CFD").
Pursuant to Council Policy No. 33, CFD financing is not intended to relieve any developer of the
responsibility to provide funding for infrastructure improvements related to a single
development. Further, to the extent that a CFD has been formed to finance the construction of
public infrastructure, Council Policy No. 33 states that any and all future special tax obligations
related to a residential parcel will be discharged in full at the time building permits are issued for
the construction of a residential unit. Because Council Policy No. 33 ensures the obligation on
a residential unit is paid in full when the building permit is issued, the CFD does not affect
homeowners in Carlsbad. As such, a Carlsbad homeowner will not pay City-imposed Mello-
Roos taxes. However, per Council Policy No. 33 developers of non-residential property are
provided the option of discharging their future special tax obligation at the time building permits
are issued or assuming the special tax liability basis over a twenty-five year period.
The City of Carlsbad and property owners of specific vacant land in Carlsbad worked together
to form CFD No. 1. Council held a public hearing, an election, and subsequently formed CFD
No. 1 on May 7, 1991. Vacant land and a small percentage of developed non-residential land
located in eighteen Local Facilities Management Zones are currently in CFD No. 1. Other
property annexes into the district as development plans progress.
CFD No. 1 was formed to provide funding for a variety of infrastructure projects needed to meet
growth management requirements. Through debt financing or available cash balances, CFD
No. 1 has funded or will fund the capital projects listed on the following page:
DEPARTMENT CONTACT: Chuck McBride 760-602-2430 chuck.mcbride@carlsbadca.gov
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
XD
D
D
D
CONTINUED TO DATE SPECIFIC
CONTINUED TO DATE UNKNOWN
RETURNED TO STAFF
OTHER - SEE MINUTES
D
D
D
D
Page 2
Civic Facilities 1-5 interchanges Road Segments
Library Palomar Airport Road La Costa Avenue
Office/Warehouse Facilities La Costa Avenue Olivenhain Road
City Hall Poinsettia Lane Cannon Road
Veteran's Memorial Park Faraday Avenue
In June 1991, Council adopted an ordinance establishing the special tax formula and maximum
rates for the district. The maximum special tax rate for property within the CFD is adjusted each
year by one-half of the annual change in the Los Angeles inflationary factor in the "Engineering
News Record" (ENR) Cost Indexes by city. The maximum special tax rate for property not yet
included within CFD No. 1 is adjusted by the full ENR percentage change until the fiscal year of
annexation. Although the ordinance established a ceiling for future special tax rates, it did not
establish the individual special tax levy placed on each applicable parcel. Each fiscal year, the
City establishes the levy based on the funding needs of the next fiscal year.
The rates recommended for the Fiscal Year 2011-12 special tax levy is presented in the
Resolution as Attachment A. Attachment A also shows the special tax rate schedule for property
included within CFD No. 1 at formation and for property annexed thereafter. The maximum
special tax rates reflect an increase of one-half of the ENR inflator (2.80 percent), as described
above.
Vacant Property
Consistent with last fiscal year, staff recommends that vacant property planned for future
residential development is not levied in the upcoming fiscal year.
Consistent with last fiscal year, staff recommends that vacant property planned for future
commercial or industrial development is not levied in the upcoming fiscal year.
Residential Property
The recommended changes in Attachment A impact the one-time special tax levied at
residential building permit issuance on residential developers. The one-time special tax levied
at residential building permit issuance is recommended to increase from 50 percent of the
maximum special tax to 55 percent of the maximum special tax for Fiscal Year 2011-12.
Under this recommendation examples of the one-time residential rates in Improvement Area
No. 1 for density up to 4.0 dwelling units per acre are estimated to be:
At the current 2010-11 rate = $2,822 to $3,615 per dwelling unit
At 55 percent of the Maximum rate for 2011-12 = $3,148 to $3,971 per dwelling unit
(Depending on annexation date)
Commercial/Industrial Property
The one-time special tax levied at non-residential building permit issuance is proposed to be
reduced from the current 30 percent of the maximum special tax to 25 percent of the maximum
special tax per square foot of building area for Fiscal Year 2011-12.
2
PageS
Certain non-residential property owners elected not to pay off their CFD obligation at the time
building permits were issued. Instead, they chose to assume an annual special tax for
developed property over twenty-five years. According to the CFD documents, the annual
special tax on developed property shall not exceed 13.81 percent of the authorized one-time
payoff special tax for commercial and industrial property. This percentage rate was determined
based on the average cost of bond financing (11 percent) plus financing costs. The proposed
Fiscal Year 2011-12 special tax rate for developed property is 7.50 percent of each property's
one-time payoff special tax. This rate remains unchanged from the previous fiscal year.
Summary
The special tax rates proposed for CFD No. 1 are based on the cash flow requirements needed
to fund the remaining projects. These cash flows requirements are developed in conjunction
with the most recent growth projections for the City and the project schedules as shown in the
Capital Improvement Program. The special tax rates are adjusted annually and are expected to
fluctuate over time as projects are completed.
The table below summarizes the percentage of maximum special tax levy proposed under each
property type.
Vacant Land Tax
One-Time Tax
Developed Annual Tax
Residential Property
Current
2010-11
None
50% of max
NA
Proposed
2011-12
None
55% of max
NA
Commercial/ Industrial
Property
Current
2010-11
None
30% of max
7.5%
Proposed
2011-12
None
25% of max
7.5%
When CFD No. 1 was formed in 1991, the actual special tax rate for residential, commercial and
industrial was at 100 percent of the maximum special tax rate. Beginning in Fiscal Year 1998-
99 the City began to lower the residential special tax rates from 100 percent of the maximum.
During Fiscal Year 2005-06 the special tax rates reached a low of 30 percent of the maximum
special tax rate. In subsequent fiscal years, the "percentage of max" levied was slowly
increased to meet funding requirements and is proposed to be increased in Fiscal Year 2011-
12. The City began to lower the non-residential special tax rates from 100 percent of the
maximum in Fiscal Year 2000-01 until achieving the rate of 30 percent of the maximum in FY
2005-06. The rate is proposed to be reduced in Fiscal Year 2011-12. The future percentage of
the maximum special tax rates levied could increase or decrease depending on future capital
project funding needs, capital project timing, and/or growth projections.
FISCAL IMPACT:
Levying the special taxes on parcels within CFD No. 1 has created the necessary cash flow to
finance the construction of the I-5 Interchanges, the Carlsbad library on Dove Street, La Costa
Boulevard, Faraday Avenue, and other road projects. The future Public Works Center,
Veteran's Memorial Park, and City Hall complex are also proposed to be funded by CFD No. 1 .
Consistent with the prior fiscal year, vacant property will not be levied for Fiscal Year 201 1-12 if
the proposed CFD special tax rates are approved.
Page 4
The revenue generated from the one-time special tax levied at building permit issuance will be
determined by the amount of development activity that occurs. The revenue generated from a
one-time special tax for residential property, based on growth projections, is estimated to be
$361,000 for Fiscal Year 2011-12. The revenue generated from a one-time special tax for
commercial or industrial property, based on growth projections, is estimated to be $114,000 for
Fiscal Year 2011-12.
An additional $1,040,000 is anticipated to be collected for Fiscal Year 2011-12 from the non-
residential developed special taxes collected over twenty-five years.
The future percentage of the maximum special tax rates levied could increase or decrease
depending on future capital project funding needs, capital project timing, and/or growth
projections.
ENVIRONMENTAL IMPACT:
The project is categorically exempt under CEQA, pursuant to Section 15301 (c).
EXHIBITS:
1. Resolution No. 2011-168 establishing the Fiscal Year 2011-12 special taxes for
Community Facilities District No. 1.
a. Attachment A - CFD No. 1 Tax Rates for Fiscal Year 2011-12
Exhibit 1
1 RESOLUTION NO. 2011-168
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING
3 THE FISCAL YEAR 2011-12 SPECIAL TAXES FOR
COMMUNITY FACILITIES DISTRICT NO. 14
5 WHEREAS, the CITY COUNCIL of the CITY OF CARLSBAD, CALIFORNIA,
6
(hereinafter referred to as the "legislative body"), has initiated proceedings, held a public
7
hearing, conducted an election and received a favorable vote from the qualified electors
8
relating to the levy of a special tax in a community facilities district, all as authorized9
10 pursuant to the terms and provisions of the "Mello-Roos Community Facilities Act of
11 1982", being Chapter 2.5, Part 1, Division 2, Title 5 of the Government Code of the
12 State of California. This Community Facilities District shall hereinafter be referred to as
13 COMMUNITY FACILITIES DISTRICT NO. 1 (hereinafter referred to as the "District");
14 and,
15 WHEREAS, this legislative body, by Ordinance as authorized by Section 53340
16 of the Government Code of the State of California, has authorized the levy of a special
17
tax to pay for costs and expenses related to said Community Facilities District, and this
18
legislative body is desirous to establish the specific rate of the special tax to be
2Q collected for the next Fiscal Year 2011-12.
21 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
22 Carlsbad, California, as follows:
23 1. That the above recitations are true and correct.
24 2. That the specific rate and amount of the special tax to be collected
95 for Fiscal Year 2011-12 to pay for the costs and expenses for the
26 referenced District is hereby determined and established as set forth in the
27
attached, referenced and incorporated as Attachment A.
28
Exhibit 1
1 3. That the rate as set forth above does not exceed the amount as
2 previously authorized by Ordinance of this legislative body, and is not in
excess of that as previously approved by the qualified electors of the
4
District.
5
4. That the proceeds of the special tax shall be used to pay, in whole or
6
in part, the costs of the following, in the following order of priority:
7
a. Payment of principal and interest on any outstanding authorized8
g bonded indebtedness;
10 b. Necessary replenishment of bond reserve funds or other reserve
11 funds;
12 c. Payment of costs and expenses of authorized public facilities and
13 public services;
14 d. Repayment of advances and loans, if appropriate. The proceeds of
15 the special taxes shall be used as set forth above, and shall not be
16
used for any other purpose.
17
5. The annual special tax shall be collected in the same manner as18
ordinary ad valorem property taxes are collected, and shall be subject to thei y
20 same penalties and same procedure and sale in cases of any delinquency
21 for ad valorem taxes, and the Tax Collector is hereby authorized to deduct
22 reasonable administrative costs incurred in collecting any said special tax.
23 6. All monies above collected shall be paid into the Community
Facilities District funds, including any bond fund and reserve fund.
25 7. The Finance Director is hereby directed to calculate the installment of
26
the annual special tax for each parcel within the District and provide a list of
27
those special taxes to the Auditor of the County. The Auditor of the County
28
Exhibit 1
1 is hereby directed to enter in the next County assessment roll on which
2 taxes will become due, opposite each lot or parcel of land affected in a
space marked "public improvements, special tax" or by any other suitable
4 designation, the installment of the special tax.
5
8. The County Auditor shall then, at the close of the tax collection
6
period, promptly render to this Agency a detailed report showing the amount
7
and/or amounts of such special tax installments, interest, penalties and8
g percentages so collected and from what property collected, and also provide
10 a statement of any percentages retained for the expense of making any
11 such collection.
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PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 12th day of July, 2011, by the following vote to wit:
AYES: Council Members Hall, Kulchin, Blackburn and Packard.
NOES: Council Member Douglas.
ABSENT: None.
CITY OF CARLSBAD
COMMUNITY FACILITES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
MAXIMUM UNDEVELOPED PROPERTY TAX
ATTACHMENT A
Page 1
PROPERTY TYPE
TAX RATE IMPROVEMENT AREA 1:
RESIDENTIAL (PER ACRE)
RL
RLM
RM
RMH
RH
NON-RESIDENTIAL (PER ACRE)
COMMERCIAL
INDUSTRIAL
FORMATION OR ANNEXATION DATE
MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02
$361
993
1,664
2,551
3,591
$3,086
1,543
$374
1,028
1,723
2,642
3,719
$3,196
1,598
$378
1,039
1,742
2,671
3,760
$3,231
1,615
$378
1,039
1,742
2,671
3,760
$3,231
1,615
$379
1,040
1,744
2,673
3,763
$3,234
1,617
$381
1,046
1,754
2,689
3,786
$3,253
1,627
$383
1,053
1,764
2,705
3,808
$3,273
1,636
$388
1,065
1,785
2,736
3,852
$3,310
1,655
$394
1,082
1,813
2,780
3,914
$3,364
1,682
$400
1,098
1,840
2,822
3,972
$3,413
1,707
PROPERTY TYPE
TAX RA TE IMPROVEMENT AREA II:
RESIDENTIAL (PER ACRE)
RL
RLM
RM
RMH
RH
NON-RESIDENTIAL (PER ACRE)
COMMERCIAL
INDUSTRIAL
FORMATION OR ANNEXATION DATE
MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98 FY 1998-99 FY 1999-00 FY 2000-01 FY 2001 -02
$356
977
1,565
2,402
3,521
$2,057
1,234
$369
1,012
1,621
2,487
3,647
$2,131
1,278
$373
1,023
1,638
2,515
3,687
$2,154
1,292
$373
1,023
1,638
2,515
3,687
$2,154
1,292
$373
1,024
1,640
2,517
3,691
$2,156
1,294
$375
1,030
1,650
2,532
3,713
$2,169
1,301
$378
1,036
1,659
2,547
3,735
$2,182
1,309
$382
1,048
1,678
2,576
3,777
$2,207
1,324
$388
1,065
1,706
2,618
3,839
$2,242
1,345
$394
1,081
1,731
2,657
3,895
$2,275
1,365
NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2011-12 ARE HEREIN ESTABLISHED AT $0 PER ACRE.
TAX RATES FOR FISCAL YEAR 2011-12
ANNUAL NON-RESIDENTIAL TAX - DEVELOPED PROPERTY
, OF ONE-TIME SPECIAL TAX
2011-12 MAXIMUM PERCENTAGE 13.81%
2011-12 ACTUAL PERCENTAGE 7.50%
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.too
ATTACHMENT A
Page 2
CITY OF CARLSBAD
COMMUNITY FACILITES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
MAXIMUM UNDEVELOPED PROPERTY TAX
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA 1: FY 2002-03 FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12
RESIDENTIAL (PER ACRE)
RL
RLM
RM
RMH
RH
NON-RESIDENTIAL (PER ACRE}
COMMERCIAL
INDUSTRIAL
$404
1,109
1,859
2,850
4,011
$3,447
1,724
$407
1,119
1,875
2,875
4,047
$3,478
1,739
$413
1,135
1,902
2,916
4,105
$3,527
1,764
$426
1,169
1,960
3,005
4,230
$3,635
1,818
$433
1,189
1,994
3,057
4,303
$3,698
1,849
$441
1,211
2,030
3,112
4,381
$3,765
1,882
$449
1,233
2,067
3,169
4,461
$3,833
1,917
$463
1,271
2,131
3,267
4,599
$3,952
1,976
$456
1,252
2,098
3,217
4,529
$3,892
1,946
$462
1,269
2,127
3,262
4,592
$3,946
1,973
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA II: FY 2002-03 FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY2009-10 FY2010-11 FY2011-12
RESIDENTIAL (PER ACRE)
RL
RLM
RM
RMH
RH
NON-RESIDENTIAL (PER ACRE)
COMMERCIAL
INDUSTRIAL
$398
1,092
1,748
2,683
3,934
$2,298
1,379
$401
1,101
1,764
2,707
3,969
$2,319
1,391
$407
1,117
1,789
2,746
4,026
$2,352
1,411
$420
1,151
1,843
2,829
4,149
$2,423
1,454
$427
1,171
1,875
2,878
4,220
$2,465
1,479
$435
1,192
1,909
2,930
4,297
$2,510
1,506
$442
1,214
1,944
2,984
4,375
$2,556
1,533
$456
1,252
2,004
3,076
4,510
$2,635
1,581
$449
1,232
1,974
3,029
4,442
$2,595
1,557
$455
1,249
2,001
3,071
4,503
$2,630
1,578
NOTE: ACTUAL TAX RATES FOR UNDEVELOPED PROPERTY FOR FISCAL YEAR 2011-12 ARE HEREIN ESTABLISHED AT $0 PER ACRE.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENTA
Page 3
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA 1: MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98
RESIDENTIAL (PER DWELLING UNIT)
(55% of the Maximum Tax)
0-1.5DU/ACRE
1.51 -4.0DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 -15.0 DU/ACRE
15.1 -23.0 DU/ACRE
NON-RESIDENTIAL (PER SO FT )
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK -WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S & L - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
$3,147.99
$3,147.99
$1,986.94
$1,986.94
$1,986.94
$2.61
1.10
2.03
4.12
5.80
2.13
5.63
0.96
0.93
1.36
8.78
1.03
0.98
2.50
0.93
3.42
0.75
1.25
1.12
0.75
0.69
0.70
1.37
0.79
4.77
0.86
2.08
0.82
0.94
0.86
0.78
9.04
1.64
1.08
0.74
9.15
2.11
4.88
1.77
2.44
0.73
0.69
0.56
$3,260.60
$3,260.60
$2,058.02
$2,058.02
$2,058.02
$2.70
1.14
2.10
4.27
6.01
2.21
5.83
1.00
0.97
1.41
9.09
1.07
1.02
2.59
0.96
3.54
0.78
1.29
1.16
0.78
0.71
0.73
1.42
0.82
4.94
0.90
2.15
0.85
0.98
0.89
0.81
9.37
1.70
1.12
0.77
9.47
2.19
5.05
1.83
2.53
0.75
0.71
0.58
$3,296.08
$3,296.08
$2,080.41
$2,080.41
$2,080.41
$2.73
1.15
2.12
4.32
6.08
2.23
5.89
1.01
0.98
1.43
9.19
1.08
1.03
2.62
0.97
3.58
0.78
1.31
1.17
0.78
0.72
0.74
1.43
0.83
5.00
0.91
2.17
0.86
0.99
0.90
0.81
9.47
1.72
1.13
0.77
9.58
2.21
5.11
1.85
2.55
0.76
0.72
0.59
$3,296.08
$3,296.08
$2,080.41
$2,080.41
$2,080.41
$2.73
1.15
2.12
4.32
6.08
2.23
5.89
1.01
0.98
1.43
9.19
1.08
1.03
2.62
0.97
3.58
0.78
1.31
1.17
0.78
0.72
0.74
1.43
0.83
5.00
0.91
2.17
0.86
0.99
0.90
0.81
9.47
1.72
1.13
0.77
9.58
2.21
5.11
1.85
2.55
0.76
0.72
0.59
$3,299.37
$3,299.37
$2,082.49
$2,082.49
$2,082.49
$2.73
1.15
2.13
4.32
6.08
2.23
5.90
1.01
0.98
1.43
9.20
1.08
1.03
2.62
0.97
3.58
0.78
1.31
1.17
0.78
0.72
0.74
1.44
0.83
5.00
0.91
2.18
0.86
0.99
0.90
0.82
9.48
1.72
1.13
0.77
9.59
2.21
5.11
1.86
2.56
0.76
0.72
0.59
$3,319.05
$3,319.05
$2,094.91
$2,094.91
$2,094.91
$2.75
1.16
2.14
4.35
6.12
2.25
5.93
1.01
0.98
1.44
9.25
1.09
1.04
2.64
0.98
3.60
0.79
1.31
1.18
0.79
0.73
0.74
1.44
0.84
5.03
0.91
2.19
0.87
0.99
0.90
0.82
9.54
1.73
1.14
0.78
9.64
2.23
5.14
1.87
2.57
0.77
0.73
0.59
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENT A
Page 4
PROPERTY TYPE
TAX RATE IMPROVEMENT AREA 1:
RESIDENTIAL (PER DWELLING UNIT)
(55% of the Maximum Tax)
0 - 1 .5 DU /ACRE
1.51- 4.0 DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15.1 -23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO -REPAIR& SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S & L - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
FY 1998-99
$3,338.85
3,338.85
2,107.40
2,107.40
2,107.40
$2.76
1.16
2.15
4.37
6.16
2.26
5.97
1.02
0.99
1.45
9.31
1.10
1.04
2.65
0.99
3.62
0.79
1.32
1.18
0.79
0.73
0.75
1.45
0.84
5.06
0.92
2.20
0.87
1.00
0.91
0.82
9.59
1.74
1.14
0.78
9.70
2.24
5.17
1.88
2.59
0.77
0.73
0.59
FY 1999-00
$3,376.81
3,376.81
2,131.36
2,131.36
2,131.36
$2.80
1.18
2.18
4.42
6.23
2.29
6.04
1.03
1.00
1.46
9.42
1.11
1.05
2.68
1.00
3.66
0.80
1.34
1.20
0.80
0.74
0.76
1.47
0.85
5.12
0.93
2.23
0.88
1.01
0.92
0.83
9.70
1.76
1.15
0.79
9.81
2.27
5.23
1.90
2.62
0.78
0.74
0.60
FORMATIO
FY 2000-01
$3,431.62
3,431.62
2,165.96
2,165.96
2,165.96
$2.84
1.19
2.21
4.50
6.33
2.32
6.13
1.05
1.02
1.49
9.57
1.13
1.07
2.73
1.01
3.72
0.82
1.36
1.22
0.82
0.75
0.77
1.49
0.87
5.20
0.94
2.26
0.90
1.03
0.94
0.85
9.86
1.79
1.17
0.81
9.97
2.30
5.32
1.93
2.66
0.79
0.75
0.61
N OR ANNEXA
FY 200 1-02
$3,482.33
3,482.33
2,197.97
2,197.97
2,197.97
$2.88
1.21
2.24
4.56
6.42
2.36
6.23
.06
.03
.51
9.71
.14
.09
2.77
1.03
3.78
0.83
1.38
1.23
0.83
0.76
0.78
1.51
0.88
5.28
0.96
2.30
0.91
1.04
0.95
0.86
10.00
1.81
1.19
0.82
10.12
2.34
5.39
1.96
2.70
0.80
0.76
0.62
TON DATE
FY 2002-03
$3,516.81
3,516.81
2,219.73
2,219.73
2,219.73
$2.91
1.22
2.27
4.61
6.48
2.38
6.29
1.07
1.04
1.52
9.81
1.16
1.10
2.79
1.04
3.82
0.84
1.39
1.25
0.84
0.77
0.79
1.53
0.89
5.33
0.97
2.32
0.92
1.05
0.96
0.87
10.10
1.83
1.20
0.83
10.22
2.36
5.45
1.98
2.73
0.81
0.77
0.62
FY 2003-04
$3,548.18
3,548.18
2,239.53
2,239.53
2,239.53
$2.94
1.24
2.29
4.65
6.54
2.40
6.34
1.08
1.05
1.54
9.89
1.17
1.11
2.82
1.05
3.85
0.84
1.41
1.26
0.84
0.78
0.79
1.54
0.89
5.38
0.97
2.34
0.93
1.06
0.97
0.88
10.19
1.85
1.21
0.83
10.31
2.38
5.50
2.00
2.75
0.82
0.78
0.63
FY 2004-05
$3,598.89
3,598.89
2,271.54
2,271.54
2,271.54
$2.98
1.25
2.32
4.71
6.64
2.44
6.43
1.10
1.07
1.56
10.03
1.18
1.12
2.86
1.06
3.91
0.86
1.43
1.28
0.86
0.79
0.80
1.57
0.91
5.46
0.99
2.37
0.94
1.08
0.98
0.89
10.34
1.87
1.23
0.85
10.46
2.41
5.57
2.02
2.79
0.83
0.79
0.64
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENT A
Pages
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA 1: FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12
RESIDENTIAL (PER DWELLING UNm
(55% of the Maximum Tax)
0-1.5DU/ACRE
1.51- 4.0 DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15.1 -23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE -HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S&L-WALKIN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
$3,708.80
3,708.80
2,340.91
2,340.91
2,340.91
$3.07
1.29
2.39
4.86
6.84
2.51
6.63
1.13
1.10
1.61
10.34
1.22
1.16
2.95
1.09
4.03
0.88
1.47
1.31
0.88
0.81
0.83
1.61
0.94
5.62
1.02
2.45
0.97
1.11
1.01
0.92
10.66
1.93
1.27
0.87
10.78
2.49
5.74
2.09
2.87
0.86
0.81
0.66
$3,772.58
3,772.58
2,381.17
2,381.17
2,381.17
$3.12
1.31
2.43
4.94
6.96
2.55
6.74
1.15
1.12
1.63
10.52
1.24
1.18
3.00
1.11
4.09
0.90
1.49
1.34
0.90
0.82
0.84
1.64
0.95
5.72
1.04
2.49
0.99
1.13
1.03
0.93
10.84
1.96
1.29
0.89
10.96
2.53
5.84
2.12
2.92
0.87
0.82
0.67
$3,841.11
3,841.11
2,424.42
2,424.42
2,424.42
$3.18
1.34
2.47
5.03
7.08
2.60
6.87
1.17
1.14
1.66
10.71
1.26
1.20
3.05
1.13
4.17
0.91
1.52
1.36
0.91
0.84
0.86
1.67
0.97
5.82
1.05
2.53
1.00
1.15
1.05
0.95
11.04
2.00
1.31
0.90
11.16
2.58
5.95
2.16
2.98
0.89
0.84
0.68
$3,910.88
3,910.88
2,468.46
2,468.46
2,468.46
$3.24
1.36
2.52
5.12
7.21
2.65
6.99
1.19
1.16
1.69
10.90
1.29
1.22
3.11
1.15
4.24
0.93
1.55
1.39
0.93
0.85
0.87
1.70
0.99
5.93
1.07
2.58
1.02
1.17
1.07
0.97
11.24
2.04
1.34
0.92
11.36
2.62
6.06
2.20
3.03
0.90
0.85
0.69
$4,032.15
4,032.15
2,545.00
2,545.00
2,545.00
$3.34
1.40
2.60
5.28
7.43
2.73
7.21
1.23
1.19
1.75
11.24
1.33
1.26
3.20
1.19
4.38
0.96
1.60
1.43
0.96
0.88
0.90
1.75
1.02
6.11
1.11
2.66
1.05
1.21
1.10
1.00
11.58
2.10
1.38
0.95
11.72
2.70
6.25
2.27
3.12
0.93
0.88
0.72
$3,970.74
3,970.74
2,506.24
2,506.24
2,506.24
$3.29
1.38
2.56
5.20
7.32
2.69
7.10
1.21
1.18
1.72
11.07
1.31
1.24
3.15
1.17
4.31
0.94
1.57
1.41
0.94
0.87
0.89
1.73
1.00
6.02
1.09
2.62
1.04
1.19
1.08
0.98
11.41
2.07
1.36
0.93
11.54
2.66
6.15
2.23
3.08
0.92
0.87
0.71
$4,025.57
4,025.57
2,540.84
2,540.84
2,540.84
$3.33
1.40
2.59
5.27
7.42
2.72
7.20
1.23
1.19
1.74
11.22
1.32
1.26
3.20
1.19
4.37
0.96
1.59
1.43
0.96
0.88
0.90
1.75
1.02
6.10
1.11
2.66
1.05
1.20
1.10
0.99
11.57
2.10
1.38
0.95
11.70
2.70
6.23
2.26
3.12
0.93
0.88
0.72
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENTA
Page 6
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA II: MAY 7, 1991 FY 1993-94 FY 1994-95 FY 1995-96 FY 1996-97 FY 1997-98
RESIDENTIAL (PER DWELLING UNIT)
(55% of the Maximum Tax)
0-1.5DU/ACRE
1.51- 4.0 DU/ACRE
4.1 -8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15.1 -23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK - WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE -HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S & L - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
$2,711.71
2,711.71
1,634.81
1,634.81
1,634.81
$0.93
0.51
0.81
1.48
1.84
0.91
1.60
0.62
0.51
0.58
2.17
0.51
0.69
0.82
0.59
1.18
0.72
1.02
0.81
0.72
0.49
0.61
0.92
0.51
1.42
0.66
0.73
0.56
0.60
0.59
0.67
2.33
0.75
0.52
0.64
2.44
0.99
1.52
0.97
1.12
0.61
0.46
0.46
$2,808.72
2,808.72
1,693.29
1,693.29
1,693.29
$0.96
0.53
0.84
1.53
1.90
0.94
1.66
0.65
0.53
0.60
2.24
0.53
0.71
0.85
0.62
1.22
0.74
1.06
0.84
0.74
0.50
0.63
0.95
0.53
1.47
0.69
0.76
0.58
0.63
0.61
0.69
2.42
0.78
0.54
0.66
2.52
1.03
1.57
1.01
1.16
0.64
0.48
0.47
$2,839.28
2,839.28
1,711.71
1,711.71
1,711.71
$0.97
0.53
0.85
1.55
1.92
0.95
1.68
0.65
0.53
0.61
2.27
0.53
0.72
0.86
0.62
1.24
0.75
1.07
0.85
0.75
0.51
0.64
0.96
0.53
1.48
0.69
0.76
0.59
0.63
0.62
0.70
2.44
0.78
0.54
0.67
2.55
1.04
1.59
1.02
1.17
0.64
0.48
0.48
$2,839.28
2,839.28
1,711.71
1,711.71
1,711.71
$0.97
0.53
0.85
1.55
1.92
0.95
1.68
0.65
0.53
0.61
2.27
0.53
0.72
0.86
0.62
1.24
0.75
1.07
0.85
0.75
0.51
0.64
0.96
0.53
1.48
0.69
0.76
0.59
0.63
0.62
0.70
2.44
0.78
0.54
0.67
2.55
1.04
1.59
1.02
1.17
0.64
0.48
0.48
$2,842.11
2,842.11
1,713.42
1,713.42
1,713.42
$0.97
0.53
0.85
1.55
1.93
0.95
1.68
0.65
0.53
0.61
2.27
0.53
0.72
0.86
0.62
1.24
0.75
1.07
0.85
0.75
0.51
0.64
0.96
0.53
1.49
0.69
0.76
0.59
0.63
0.62
0.70
2.45
0.78
0.54
0.67
2.55
1.04
1.59
1.02
1.17
0.64
0.49
0.48
$2,859.06
2,859.06
1,723.64
1,723.64
1,723.64
$0.98
0.54
0.85
1.56
1.94
0.96
1.69
0.66
0.54
0.61
2.28
0.54
0.73
0.87
0.63
1.24
0.76
1.08
0.85
0.76
0.51
0.64
0.97
0.54
1.49
0.70
0.77
0.59
0.64
0.62
0.70
2.46
0.79
0.55
0.67
2.57
1.05
1.60
1.03
1.18
0.65
0.49
0.48
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENTA
Page 7
PROPERTY TYPE FORMATION OR ANNEXATION DATE
TAX RATE IMPROVEMENT AREA II: FY 1998-99 FY 1999-00 FY 2000-01 FY 2001-02 FY 2002-03 FY 2003-04 FY 2004-05
RESIDENTIAL (PER DWELLING UNIT)
(55% of the Maximum Tax)
0-1.5DU/ACRE
1.51 -4.0DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 - 15.0 DU/ACRE
15. 1-23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK -WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (<: 100,000 SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S & L - WALK IN
S&L-WITHDRIVETHRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
$2,876.12
2,876.12
1,733.92
1,733.92
1,733.92
$0.99
0.54
0.86
1.57
1.95
0.96
1.70
0.66
0.54
0.61
2.30
0.54
0.73
0.87
0.63
1.25
0.76
1.08
0.86
0.76
0.51
0.65
0.97
0.54
1.50
0.70
0.77
0.60
0.64
0.63
0.71
2.47
0.79
0.55
0.67
2.58
1.05
1.61
1.03
1.19
0.65
0.49
0.48
$2,908.82
2,908.82
1,753.63
1,753.63
1,753.63
$1.00
0.54
0.87
1.59
1.97
0.98
1.72
0.67
0.54
0.62
2.32
0.54
0.74
0.88
0.64
1.27
0.77
1.10
0.87
0.77
0.52
0.66
0.99
0.54
1.52
0.71
0.78
0.60
0.65
0.63
0.71
2.50
0.80
0.56
0.68
2.61
1.07
1.63
1.04
1.20
0.66
0.50
0.49
$2,956.03
2,956.03
1,782.10
1,782.10
1,782.10
$1.01
0.55
0.88
1.61
2.00
0.99
1.75
0.68
0.55
0.63
2.36
0.55
0.75
0.90
0.65
1.29
0.78
1.11
0.88
0.78
0.53
0.67
1.00
0.55
1.55
0.72
0.80
0.61
0.66
0.64
0.73
2.54
0.82
0.56
0.69
2.66
1.08
1.66-
1.06
1.22
0.67
0.50
0.50
$2,999.72
2,999.72
1,808.43
1,808.43
1,808.43
$1.03
0.56
0.90
1.64
2.03
1.01
1.77
0.69
0.56
0.64
2.40
0.56
0.76
0.91
0.66
1.30
0.79
1.13
0.90
0.79
0.54
0.68
1.02
0.56
1.57
0.73
0.81
0.62
0.67
0.65
0.74
2.58
0.83
0.57
0.70
2.70
1.10
1.68
1.08
1.24
0.68
0.51
0.50
$3,029.42
3,029.42
1,826.34
1,826.34
1,826.34
$1.04
0.57
0.90
1.65
2.05
1.02
1.79
0.70
0.57
0.65
2.42
0.57
0.77
0.92
0.66
1.32
0.80
1.14
0.90
0.80
0.54
0.68
1.03
0.57
1.58
0.74
0.82
0.63
0.68
0.66
0.74
2.61
0.84
0.58
0.71
2.72
1.11
1.70
1.09
1.25
0.69
0.52
0.51
$3,056.44
3,056.44
1,842.63
1,842.63
1,842.63
$1.05
0.57
0.91
1.67
2.07
1.03
1.81
0.70
0.57
0.65
2.44
0.57
0.78
0.93
0.67
1.33
0.81
1.15
0.91
0.81
0.55
0.69
1.04
0.57
1.60
0.75
0.82
0.63
0.68
0.67
0.75
2.63
0.84
0.58
0.72
2.75
1.12
1.71
1.10
1.26
0.69
0.52
0.51
$3,100.12
3,100.12
1,868.97
1,868.97
1,868.97
$1.06
0.58
0.93
1.69
2.10
1.04
1.83
0.71
0.58
0.66
2.48
0.58
0.79
0.94
0.68
1.35
0.82
1.17
0.93
0.82
0.55
0.70
1.05
0.58
1.62
0.76
0.83
0.64
0.69
0.68
0.76
2.67
0.86
0.59
0.73
2.79
1.14
1.74
1.11
1.28
0.70
0.53
0.52
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.
CITY OF CARLSBAD
COMMUNITY FACILITIES DISTRICT NO. 1
TAX RATES FOR FISCAL YEAR 2011-12
SPECIAL DEVELOPMENT TAX ONE-TIME
ATTACHMENTA
PageS
PROPERTY TYPE
TAX FIATE IMPROVEMENT AREA II:
RESIDENTIAL (PER DWELLING UNIT)
(55% of the Maximum Tax)
0-1.5DU/ACRE
1.51- 4.0 DU/ACRE
4.1 - 8.0 DU/ACRE
8.1 -15.0 DU/ACRE
15.1 -23.0 DU/ACRE
NON-RESIDENTIAL (PER SQ.FT.)
(25% of the Maximum Tax)
AUTO - GASOLINE
AUTO - REPAIR & SALES
AUTO CAR WASH
BANK -WALK IN
BANK - WITH DRIVE THRU
BOWLING ALLEY
CAMPGROUND
CHURCH
COMMERCIAL SHOPS
COMMUNITY SHOPPING CENTER
CONVENIENCE MARKET
DISCOUNT STORE
GOLF COURSE
GROCERY STORE
HEALTH CLUB
HELIPORTS
HOSPITAL - CONVALESCENT
HOSPITAL - GENERAL
HOTEL - CONV. FAC/COMM.
INDOOR SPORTS ARENA
INDUSTRIAL - COMMERCIAL
BUSINESS PARK
JUNIOR COLLEGE
LIBRARY
LUMBER/HARDWARE STORE
MARINA
MOTEL
NEIGHBORHOOD SHOPPING CENTER
OFFICE - COMMERCIAL (< 100,000 SF)
OFFICE - GOVERNMENT
OFFICE - HIGH RISE
OFFICE - MEDICAL
OUTDOOR TENNIS COURT
RACE TRACK
REGIONAL SHOPPING CENTER
RESORT HOTEL
RESTAURANT - FAST FOOD
RESTAURANT - QUALITY
RESTAURANT - SIT DOWN
S & L - WALK IN
S & L - WITH DRIVE THRU
UNIVERSITY
ALL OTHER COMMERCIAL USES
NOT IDENTIFIED ABOVE
ALL OTHER INDUSTRIAL USES
NOT IDENTIFIED ABOVE
FORMATION OR ANNEXATION DATE
FY 2005-06 FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 FY 201 0-11 FY 201 1-1 2
$3,194.80
3,194.80
1,926.04
1,926.04
1,926.04
$1.09
0.60
0.95
1.74
2.17
1.07
1.89
0.73
0.60
0.68
2.55
0.60
0.81
0.97
0.70
1.39
0.84
1.20
0.95
0.84
0.57
0.72
1.08
0.60
1.67
0.78
0.86
0.66
0.71
0.70
0.78
2.75
0.88
0.61
0.75
2.87
1.17
1.79
1.15
1.32
0.72
0.55
0.54
$3,249.74
3,249.74
1,959.17
1,959.17
1,959.17
$1.11
0.61
0.97
1.77
2.20
1.09
1.92
0.75
0.61
0.69
2.60
0.61
0.82
0.99
0.71
1.41
0.86
1.22
0.97
0.86
0.58
0.73
1.10
0.61
1.70
0.79
0.87
0.67
0.72
0.71
0.80
2.80
0.90
0.62
0.76
2.92
1.19
1.82
1.17
1.34
0.74
0.55
0.55
$3,308.77
3,308.77
1,994.75
1,994.75
1,994.75
$1.13
0.62
0.99
1.80
2.24
1.11
1.96
0.76
0.62
0.71
2.64
0.62
0.84
1.00
0.73
1.44
0.87
1.25
0.99
0.87
0.59
0.75
1.12
0.62
1.73
0.81
0.89
0.69
0.74
0.72
0.81
2.85
0.91
0.63
0.78
2.97
1.21
1.85
1.19
1.36
0.75
0.56
0.56
$3,368.87
3,368.87
2,030.99
2,030.99
2,030.99
$1.15
0.63
1.01
1.84
2.28
1.13
1.99
0.77
0.63
0.72
2.69
0.63
0.85
1.02
0.74
1.47
0.89
1.27
1.01
0.89
0.60
0.76
1.14
0.63
1.76
0.82
0.91
0.70
0.75
0.73
0.83
2.90
0.93
0.64
0.79
3.03
1.23
1.89
1.21
1.39
0.76
0.57
0.57
$3,473.33
3,473.33
2,093.96
2,093.96
2,093.96
$1.19
0.65
1.04
1.89
2.35
1.17
2.05
0.80
0.65
0.74
2.77
0.65
0.88
1.05
0.76
1.51
0.92
1.31
1.04
0.92
0.62
0.78
1.18
0.65
1.82
0.85
0.93
0.72
0.77
0.76
0.85
2.99
0.96
0.66
0.82
3.12
1.27
1.95
1.25
1.43
0.79
0.59
0.58
$3,420.44
3,420.44
2,062.07
2,062.07
2,062.07
$1.17
0.64
1.02
1.86
2.32
1.15
2.02
0.79
0.64
0.73
2.73
0.64
0.87
1.04
0.75
1.49
0.90
1.29
1.02
0.90
0.61
0.77
1.16
0.64
1.79
0.84
0.92
0.71
0.76
0.75
0.84
2.94
0.94
0.65
0.80
3.07
1.25
1.92
1.23
1.41
0.77
0.58
0.58
$3,467.66
3,467.66
2,090.55
2,090.55
2,090.55
$1.19
0.65
1.04
1.89
2.35
1.16
2.05
0.80
0.65
0.74
2.77
0.65
0.88
1.05
0.76
1.51
0.92
1.31
1.04
0.92
0.62
0.78
1.18
0.65
1.81
0.85
0.93
0.72
0.77
0.76
0.85
2.98
0.96
0.66
0.81
3.12
1.27
1.94
1.25
1.43
0.79
0.59
0.58
NOTES:
TAX RATE AREA I INCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
TAX RATE AREA II EXCLUDES PROPERTY WITHIN BRIDGE AND THOROUGHFARE DISTRICT NO. 1.
ENGINEERING NEWS RECORD INFLATION RATE WAS 2.8%.
ACTUAL TAX RATES CALCULATED TO FOUR DECIMAL PLACES.