HomeMy WebLinkAbout2016-09-13 PACKET 06.03.
TO:
Economic Development Authority
FROM:
Christine Costello, Economic Development Director
DATE:
September 9, 2016
RE:
Property Tax Commercial Comparison vs. Residential
Background/Discussion
At the August 9thEconomic Development Authority (EDA) meeting a request from the EDA was
made to provide a comparison of commercial versus residential property tax capacity, including
any historical data.
Included are two charts comparing commercial versus residential property tax capacity from 2007
to 2016. The second chart includes tax increment financing (TIF) projects in the comparison of
commercial versus residential total net tax capacity, while the first chart does not include TIF
related projects. Finance Director Roland will be available at the meeting for further explanation
and questions that the EDA may have regarding this information.