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ValuesRow LabelsNumber of ParcelsSum of UnitsSum of AssessAverage of Assess2Average of Market
210 1 Family Res 12 12 $524,000 $43,667 $60,996220 2 Family Res 31 62 $1,138,750 $36,734 $51,548230 3 Family Res 2 6 $68,000 $34,000 $47,493280 Multiple res 1 2 $80,000 $80,000 $111,747311 Res vac land 4 0 $10,200 $2,550 $3,562312 Vac w/imprv 1 0 $17,100 $17,100 $23,886411 Apartment 4 17 $150,000 $37,500 $52,382
Grand Total5599$1,988,050$36,146$50,624Baseline Data (from Montgomery County Tax Rolls and Web Site)
City Tax Rate per tho $13.89User Fees per Unit 769Total Number of Parc 55Total Number of Unit 99Avg Units/Parcel 1.8Avg Assessed Value $36,146Avg Market Value $50,624
Assumptions
Demolition Cost 9000Discount Rate 5%Analysis Approach Net Present ValueSchool Tax and County Tax IgnoredTax Incentive Plan for 50% of assessed value first 5 years, +10%/year for each year afterSingle Family Homes Constructed at 120% of average market value 2008 120% $60,748.95City Tax Rate Constant Over 10 yearsUser Fees Constant over 10 years
Scenario 1: Perfect WorldYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Number of Parcels 55 55 55 55 55 55 55 55 55 55Number of Demolitions 0 0 0 0 0 0 0 0 0 0Net Parcels 55 55 55 55 55 55 55 55 55 55Net Units 99 99 99 99 99 99 99 99 99 99Revenue City Tax $27,614 $27,614 $27,614 $27,614 $27,614 $27,614 $27,614 $27,614 $27,614 $27,614Revenue User Fees $76,131 $76,131 $76,131 $76,131 $76,131 $76,131 $76,131 $76,131 $76,131 $76,131Total Revenue $103,745 $103,745 $103,745 $103,745 $103,745 $103,745 $103,745 $103,745 $103,745 $103,745City Revenue NPV $801,091.50
Scenario 2: 5 Foreclosures/ 5 DemoYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Number of Parcels 55 50 50 50 50 50 50 50 50 50
 
Number of Demolitions 5 0 0 0 0 0 0 0 0 0Net Parcels 50 50 50 50 50 50 50 50 50 50Net Units 90 90 90 90 90 90 90 90 90 90Revenue City Tax $25,104 $25,104 $25,104 $25,104 $25,104 $25,104 $25,104 $25,104 $25,104 $25,104Revenue User Fees $69,210 $69,210 $69,210 $69,210 $69,210 $69,210 $69,210 $69,210 $69,210 $69,210Total Revenue Existing $94,314 $94,314 $94,314 $94,314 $94,314 $94,314 $94,314 $94,314 $94,314 $94,314Demolition Cost $45,000New Construction 5 0 0 0 0 0 0 0 0 0New Construction Units 5 5 5 5 5 5 5 5 5 5New Construction Market Value $303,745 $303,745 $303,745 $303,745 $303,745 $303,745 $303,745 $303,745 $303,745 $303,745City Tax Incentive Discount 0.5 0.5 0.5 0.5 0.5 0.6 0.7 0.8 0.9 1.0Revenue City Tax $2,110 $2,110 $2,110 $2,110 $2,110 $2,531 $2,953 $3,375 $3,797 $4,219Revenue User Fees $3,845 $3,845 $3,845 $3,845 $3,845 $3,845 $3,845 $3,845 $3,845 $3,845Total Revenue New Construction -$39,045 $5,955 $5,955 $5,955 $5,955 $6,376 $6,798 $7,220 $7,642 $8,064Total Revenue $55,268 $100,268 $100,268 $100,268 $100,268 $100,690 $101,112 $101,534 $101,956 $102,378City Revenue NPV $735,541.07
Scenario 3: 10 Foreclosures/10 DemoYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Number of Parcels 55 45 45 45 45 45 45 45 45 45Number of Demolitions 10 0 0 0 0 0 0 0 0 0Net Parcels 45 45 45 45 45 45 45 45 45 45Net Units 81 81 81 81 81 81 81 81 81 81Revenue City Tax $22,593 $22,593 $22,593 $22,593 $22,593 $22,593 $22,593 $22,593 $22,593 $22,593Revenue User Fees $62,289 $62,289 $62,289 $62,289 $62,289 $62,289 $62,289 $62,289 $62,289 $62,289Total Revenue Existing $84,882 $84,882 $84,882 $84,882 $84,882 $84,882 $84,882 $84,882 $84,882 $84,882Demolition Cost $90,000 $0 $0 $0 $0 $0 $0 $0 $0 $0New Construction 10 0 0 0 0 0 0 0 0 0New Construction Units 10 10 10 10 10 10 10 10 10 10New Construction Market Value $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490 $607,490City Tax Incentive Discount 0.5 0.5 0.5 0.5 0.5 0.6 0.7 0.8 0.9 1.0Revenue City Tax $4,219 $4,219 $4,219 $4,219 $4,219 $5,063 $5,907 $6,750 $7,594 $8,438Revenue User Fees $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690 $7,690Total Revenue New Construction -$78,091 $11,909 $11,909 $11,909 $11,909 $12,753 $13,597 $14,440 $15,284 $16,128Total Revenue $6,791 $96,791 $96,791 $96,791 $96,791 $97,635 $98,479 $99,323 $100,167 $101,010City Revenue NPV $669,990.64
Scenario 4: 15 Foreclosures/15 DemoYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Number of Parcels 55 45 40 40 40 40 40 40 40 40Number of Demolitions 10 5 0 0 0 0 0 0 0 0Net Parcels 45 40 40 40 40 40 40 40 40 40Net Units 81 72 72 72 72 72 72 72 72 72Revenue City Tax $22,593 $20,083 $20,083 $20,083 $20,083 $20,083 $20,083 $20,083 $20,083 $20,083
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