HomeMy WebLinkAboutSp Asmnt Policy Options w VRF
Long Range Finance Committee
Comparison of Alternatives
to Special Assessment Policy
for Road Reconstruction
Land Type perLRFC RecAlt Version Avg Cost
Special Assessment Policyto Councilfrom Chair Pech2014-2018
RES 1ExemptExempt$727,882
Resid. </= 2 units
RES 2ExemptNot Exempt$305,389
Resid. > 2 units
Churches, schools, other Tax exempt
OtherNot ExemptNot Exempt$407,770
Commercial
Manufacturing/Industrial
Avg Amount needed to support exemptions$1,033,271$727,882
Vehicle Registration Fee$20.67$14.56Minimum needed
needed to support cost of exemption$30.00$20.00Rounded up to nearest $10