What are the numbers for Garfield County?

Transcription

1 What are the numbers for Garfield County?

2 715 Grand 701 Grand $130,657/acre $544,173/acre $335,091/acre 801 Grand $444,717/acre $187,635/acre

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5 40 % tax producing

6 40 % tax producing

7 Garfield County (Glenwood Springs) Property Tax Revenue Profile: 2010 Tax Yield per Acre $60,000 $50,000 $57,695 $58,724 $40,000 $47,150 $30,000 $26,270 $20,000 $13,853 $16,259 $19,894 $10,000 $0 County Res. S-F* $309 $434 County Res. Condo* Kmart $1,495 $1,643 G-Springs Mall $2,136 City Res. S-F* $2,156 Roaring Fork $2,270 Walmart $2,326 City Res. Condo* $3,034 Target $4,229 Glenwood Meadows $5,514 Hot Springs 805 Blake Hotel Colorado Hotel Denver 821 Grand 801 Grand 701 Grand 420 7th Street Residential Commercial Mixed-Use *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

8 Garfield County (Glenwood Springs) Property Tax Revenue Profile: 2010 Tax Yield per Acre $60,000 $50,000 $40,000 $39,082 $44,194 $33,782 $54,663 $65,207 $66,236 $30,000 $24,570 $20,834 $27,406 $20,000 $10,000 $0 County Res. S-F* $309 $434 County Res. Condo* Kmart $11,361 $13,945 G-Springs Mall $2,136 City Res. S-F* $12,786 Roaring Fork Walmart $2,326 City Res. Condo* Target Glenwood Meadows $10,089 Hot Springs $13, Blake Hotel Colorado Hotel Denver 821 Grand 801 Grand 701 Grand 420 7th Street Residential Commercial Mixed-Use Retail Sales Tax *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

9 Garfield County (Glenwood Springs) Property Tax Revenue Profile: 2010 Tax Yield per Acre $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 Local Denver, Eastlake, & Local Arkansas, Kansas, Englewood,CO, & Local Arkansas Minnesota Minnesota, Dallas, California, & Englewood, CO Local Local Local Local Local $0 County Res. S-F* County Res. Condo* Kmart G-Springs Mall City Res. S-F* Roaring Fork Walmart City Res. Condo* Target Glenwood Meadows Hot Springs 805 Blake Hotel Colorado Hotel Denver 821 Grand 801 Grand 701 Grand 420 7th Street Local California Local Local Local Local Local Residential Commercial Mixed-Use Retail Sales Tax *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

10 Garfield County Property Tax Revenue Profile: 2010 Tax Yield per Acre Kmart $287k taxable on 0.06 Acres $1.82M taxable on 15 acres 0.4 acres of the Denver Centre would equal one 15 acre Kmart in real estate value.

11 No State Retail Sales Taxes

12 What are the numbers for Bozeman?

13 Gallatin County Property Tax Revenue Profile: 2010 Tax Yield per Acre $100,000 $83,333 $94,143 $66,667 $50,000 $33,333 $16,667 $3,188 $3,371 $3,876 $3,936 $4,612 $0 County Residential* Target Plaza Walmart $4,637 The Baltimore Fechter Building Baxter Hotel $5,240 $30,959 Bozeman Shopping Plaza Gallatin Mall Costco Gallatin Manor City Residential* 9th The Blackmore Village Townhouse (sample average) Bozeman Hote (unadjusted)l $49,278 $5,592 $6,257 $10,361 $17,500 $36,666 Residential Commercial Mixed-Use *Average values per Board of Realtors Joe Minicozzi,AICP - Urban3 : Asheville NC

14 Gallatin County Property Tax Revenue Profile: 2010 Tax Yield per Acre Fechter Building Walmart $1.1M on 0.14 Acres $16.4M on 27 acres 2.2 acres of the Fechter Building would equal one 27 acre Walmart

15 What are the numbers for Teton County?

16 Teton County Property Tax Revenue Profile: 2010 Tax Yield per Acre $12,449/ay Broulims Shopping Grocery

17 Teton County Property Tax Revenue Profile: 2010 Tax Yield per Acre $10,971/ay Broulims Shopping Center + Out Parcels

18 Gallatin County Property Tax Revenue Profile: 2010 Tax Yield per Acre Coulter Building $89,556/ay Key Bank $73,377/ay 70 East Little $55,668/ay

19 Teton County Property Tax Revenue Profile: 2010 Tax Yield per Acre Brohlims Plaza and outparcels 70 East Little $55,668/ay $10,971/ay 2.4 acres of this office Building would equal one 12.2 acre Plaza and out-parcels

20 Teton County Property Tax Revenue Profile: 2010 Tax Yield per Acre $90,000 $75,000 $60,000 $45,000 $55,668 $30,000 $73,377 $15,000 $0 $3 $811 $1,443 Undeveloped Land $2, N. Hwy 33 Sotheby s 70 E. Little Coulter Building $5,299 $26,830 County Residential* City Residential* Corner Drug King s Discount Brolims Total 60 E Little Brolims 10 N. Main $8,809 $10,971 $12,064 $12,449 $89,556 $19,816 $23,743 Key Bank 35 N. Main Residential Commercial Mixed-Use *Average values per Board of Realtors Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

21 Dunn, NC

22 Dunn, NC - Tax Revenue Yield Per Acre $6, S. Railroad $9,938 Hampton Inn $12, E. Broad St. $14, S. Wilson Ave. $15, N. Wilson $2,024 $13,701 WalMart $27, S. Wilson $0 $7,500 $15,000 $22,500 $30,000 Value/Acre Retail/Acre

23 Urban 3 Completed Study Bozeman, MT Billings, MT Driggs, ID Sheridan, WY Casper, WY Laramie, WY Cheyenne, WY Petaluma Rifle, CO Ft. Collins, CO Modesto, CA Turlock, CA Grand Junction, CO Glenwood Springs, CO Merced, CA Asheville, NC Dunn, NC Columbia, SC Sarasota, FL

24 3 Urban Ratio Difference of 15 City Sample Set Joseph Minicozzi, AICP County Property Taxes/Acre $500 Residential Commercial Mixed-Use $ $375 $250 $125 $ $53.70 $0 $1.00 $3.70 $7.00 $7.80 County S-F City S-F Walmart Mall or strip Mixed-Use (2 Story) Mixed-Use (3 Story) Mixed-Use (6 Story)

25 Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre $300,000 $250,125 $225,000 $150,000 $75,000 $44,887 $0 $30 Undeveloped $135 Biltmore Estate Residential Commercial Central Business District $1,236 County Residential $1,716 City Residential $2,406 City - Commercial $7,995 Asheville Mall $7,059 $18,109 CBD 1-2 Story Office CBD 2-4 Story Apts. CBD Mixed-Use 3-4 Stories CBD Mixed-Use 6+ Stories Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

26 How do you compare a car? Ford F150 Lariat LTD 648 miles per tank Toyota Prius 571 miles per tank 1955 BMW Isetta 245 miles per tank Rolls-Royce Phantom Drophead 380 miles per tank Bugatti Veyron 390 miles per tank

27 How do you compare a car? 1 2 Ford F150 Lariat LTD 648 miles per tank 5 Toyota Prius 571 miles per tank BMW Isetta 245 miles per tank 3 Rolls-Royce Phantom Drophead 380 miles per tank Bugatti Veyron 390 miles per tank

28 How do you compare a car? Ford F150 Lariat LTD 13/18 mpg Toyota Prius 51/48 mpg 1955 BMW Isetta 50/70 mpg Rolls-Royce Phantom Drophead 11/18 mpg Bugatti Veyron 8/15 mpg

29 How do you compare a car? 3 2 Ford F150 Lariat LTD 13/18 mpg 1 Toyota Prius 51/48 mpg BMW Isetta 50/70 mpg 5 Rolls-Royce Phantom Drophead 11/18 mpg Bugatti Veyron 8/15 mpg

30 Precision Agriculture

31 Sheridan County (Sheridan) Property Tax Revenue Profile: 2010 Tax Yield per Acre $150,000 $125,000 $145,469 $100,000 $75,000 $86,751 $91,833 $97,813 $50,000 $25,000 $0 County Res. S-F* $2,986 $18,164 $7,888 $8,429 $20,603 $21,290 Walmart Mill Inn Home Depot Walmart Total Walmart Tot+A Residential Commercial Mixed-Use $11,066 $11,774 City Res. S-F* Safeway Retail Tax $33,251 Post Office Apts $40,951 Cady Bld. $41,533 1st Int Total $41,906 Wells Fargo $51,675 Down/Up Mall $66,139 NY Store $71,680 Bank of the West $71,815 Crescent Bld. Beaver Creek Keenan Hotel 1st Int sans Parking 134 S. Main *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

32 Sheridan County (Sheridan) Property Tax Revenue Profile: 2010 Tax Yield per Acre $150,000 $125,000 $145,469 $100,000 $75,000 $86,751 $91,833 $97,813 $50,000 $25,000 $0 County Res. S-F* $2,986 $18,164 $7,888 $8,429 $20,603 $21,290 Walmart Mill Inn Home Depot Walmart Total Walmart Tot+A Residential Commercial Mixed-Use $11,066 $11,774 City Res. S-F* Safeway Retail Tax $33,251 Post Office Apts $40,951 Cady Bld. $41,533 1st Int Total $41,906 Wells Fargo $51,675 Down/Up Mall $66,139 NY Store $71,680 Bank of the West $71,815 Crescent Bld. Beaver Creek Keenan Hotel 1st Int sans Parking 134 S. Main *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

33 Sheridan County (Sheridan) Property Tax Revenue Profile: 2010 Tax Yield per Acre $150,000 $125,000 $145,469 $100,000 $75,000 $86,751 $91,833 $97,813 $50,000 $25,000 $0 County Res. S-F* $2,986 $18,164 $7,888 $8,429 $20,603 $21,290 Walmart Mill Inn Home Depot Walmart Total Walmart Tot+A Residential Commercial Mixed-Use $11,066 $11,774 City Res. S-F* Safeway Retail Tax $33,251 Post Office Apts $40,951 Cady Bld. $41,533 1st Int Total $41,906 Wells Fargo $51,675 Down/Up Mall $66,139 NY Store $71,680 Bank of the West $71,815 Crescent Bld. Beaver Creek Keenan Hotel 1st Int sans Parking 134 S. Main *Average values per Garfield County Joe Minicozzi,AICP - Public Interest Projects : Asheville NC

34 To move the mouse,... you must move the cheese. Thomas Friedman Nobel Prize in Economics

35 Do our policies balance the scales?

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37 Dell Range Area of Cheyenne, WY urban-three.com : Asheville NC

38 Tax Code

39 MARKET FORCES

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41 Architectural Incentive Cheap

42 Property Taxes Quonset House 13 Brucemont Acres Building Tax Value County Tax ,700 1,800 $62,200 $232,000 $330 $1,230 Value/Acre $444,286 $1,784,615 County Tax/Acre $2,355 $9,458 Data Source: Neil Thomas, RDI

43 Property Taxes $37/sq.ft. Quonset House $128/sq.ft. 13 Brucemont Acres Building Tax Value County Tax ,700 1,800 $62,200 $232,000 $330 $1,230 Value/Acre $444,286 $1,784,615 County Tax/Acre $2,355 $9,458 Data Source: Neil Thomas, RDI

44 Property Taxes $37/sq.ft. Quonset House $128/sq.ft. 13 Brucemont Acres Building Tax Value County Tax ,700 1,800 $62,200 $232,000 $330 $1,230 Value/Acre $444,286 $1,784,615 County Tax/Acre $2,355 $9,458 Data Source: Neil Thomas, RDI

45 Property Taxes $37/sq.ft. Quonset House $128/sq.ft. 13 Brucemont Acres Building Tax Value County Tax ,700 1,800 $62,200 $232,000 $330 $1,230 Value/Acre $444,286 $1,784,615 County Tax/Acre $2,355 $9,458 Data Source: Neil Thomas, RDI

46 Property Taxes $37/sq.ft. Quonset House $128/sq.ft. 13 Brucemont Acres Building Tax Value County Tax ,700 1,800 $62,200 $232,000 $330 $1,230 Value/Acre $444,286 $1,784,615 County Tax/Acre $2,355 $9,458 Data Source: Neil Thomas, RDI

47 Behavioral Economics

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50 The Window Tax , by King William III Window tax consisted of: 1. a flat-rate house tax per house and, 2. a variable tax for # windows > Between 10 and 20 = 4 shillings, and 4. Those > 20 = 8 shillings.

51 Photo: Alija Photo: Alija François Mansart, architect ( ) His treatment of high roof stories gave rise to the term Mansard roof" At the time, French houses were taxed by the number of floors below the roof, which exempted the upper floor from taxation.

52 We shape our buildings; thereafter they shape us. Winston Churchill Sun City, AZ Zoomberg from Dolores Hayden s Field Guide to Sprawl.

53 THE DIET STARTS... TOMORROW!

54 We re blending what we see but we Moneyball aren t allowing ourselves to be victimized by what we see. The math works. But no matter how many times you prove it, you always have to prove it again. Billy Beane General Manager Oakland Athletics

55 The Science of Appraisals

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57 $24M, 5.2 acres, 12 stories $34M, 0.7 acres, 9 stories, 70 units

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