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Okaloosa County BOCC — February 11, 2013 — Exhibit D - PA Calculations — reading text
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Exhibit D
Project Talking Parents Purchases/County Abatements (10-Year Duration)
2014 Tax Start Year
Year Tax Amounts - County Only (3.2899 Millage)
Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Total
Tangible Personal Property Taxes 1,575 1,450 1,302 1,100 950 811 671 556 490 456 9,360
Real Property Taxes on Building Only 954 954 954 954 954 954 954 954 954 954 9,540
2,529 2,404 2,256 2,054 1,904 1,765 1,625 1,510 1,444 1,410 18,900
Tangible Personal Property
Total Cost Estimate Total Asmt Tax Amount Cumulative Tax Amounts
527,714 Per Year Per Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10
2014 Taxable Value (100% of Asmt) 478,088 5,252 5,252
2015 Taxable Value (100% of Asmt) 439,608 4,829 10,082
2016 Taxable Value (100% of Asmt) 394,981 4,339 14,421
2017 Taxable Value (100% of Asmt) 333,709 3,666 18,087
2018 Taxable Value (100% of Asmt) 288,141 3,165 21,253
2019 Taxable Value (100% of Asmt) 246,204 2,705 23,957
2020 Taxable Value (100% of Asmt) 203,579 2,236 26,194
2021 Taxable Value (100% of Asmt) 168,675 1,853 28,047
2022 Taxable Value (100% of Asmt) 148,676 1,633 29,680
2023 Taxable Value (100% of Asmt) 138,258 1,519 31,199
2014 Taxable Value (70% of Asmt) 334,662 3,677 3,677
2015 Taxable Value (70% of Asmt) 307,726 3,381 7,057
2016 Taxable Value (70% of Asmt) 276,487 3,037 10,095
2017 Taxable Value (70% of Asmt) 233,596 2,566 12,661
2018 Taxable Value (70% of Asmt) 201,699 2,216 14,877
2019 Taxable Value (70% of Asmt) 172,343 1,893 16,770
2020 Taxable Value (70% of Asmt) 142,505 1,566 18,336
2021 Taxable Value (70% of Asmt) 118,073 1,297 19,633
2022 Taxable Value (70% of Asmt) 104,073 1,143 20,776
2023 Taxable Value (70% of Asmt) 96,781 1,063 21,839
1,575 3,025 4,326 5,426 6,376 7,187 7,858 8,414 8,904 9,360
Cumulative Tax Savings
Real Property - Value INCREASE only of Building after Renovations
Assessed Value Increase of Building after Total Asmt County Tax Cumulative Tax Amounts
Renovations Per Year* Per Year Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10
2014 Taxable Value 290,000 954 954
2015 Taxable Value 290,000 954 1,908
2016 Taxable Value 290,000 954 2,862
2017 Taxable Value 290,000 954 3,816
2018 Taxable Value 290,000 954 4,770
2019 Taxable Value 290,000 954 5,724
2020 Taxable Value 290,000 954 6,678
2021 Taxable Value 290,000 954 7,633
2022 Taxable Value 290,000 954 8,587
2023 Taxable Value 290,000 954 9,541
954 1,908 2,862 3,816 4,770 5,724 6,678 7,633 8,587 9,541
*Assuming market value is consistent for 10 years. Cumulative Tax Amounts
Estimate is based on the market at this time.