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<br /> <br />ATTACHMENT A <br /> <br />Table summarizing and <br />Option 1 – Tax on “upzonings” Option 3 – Tax on increase from <br /> <br />legislative change <br /> <br /> Option 1 – Tax on “upzonings” Option 3 – Tax on increase <br />from legislative change <br />Categories of actions included Quasi-judicial site-specific Land use code changes affecting <br />actions multiple properties <br />?? <br />Specific actions to be subject to <br /> <br />Rezoning Individual permits subject to <br />tax <br />? <br />those portions of the land use <br /> <br />Change of designation in <br />code subject to the tax. <br />Metro or refinement plan <br />?? <br />Criteria for imposition of tax <br /> <br />Citizen-initiated rezoning or Citizen-initiated permit <br />change in designation. application. <br />?? <br /> <br />New zone or designation will Portions of the applicable <br />increase real market value of land use code increase the <br />the property. real market value of the <br />property <br />? <br /> <br />The tax has not previously <br />been imposed for those <br />portions of the land use code. <br />Basis for tax Change in real market value Change in real market value <br />under new zone or designation, resulting from applicable <br />compared to real market value legislative change, compared to <br />under old zone or designation. real market value absent the <br />legislative change. <br />Methodology New value is to be assigned List maintained of legislative <br />administratively by the City, changes with potential to <br />based on median real market significantly affect value. When <br />value per acre for all land in the property owner submits building <br />city with that zone or designation permit or land use application, <br />times the number of acres. Old list of legislative changes <br />value is the real market value checked to determine whether <br />assigned to the land by Lane application would take <br />County Assessment & Taxation. advantage of one or more of the <br />Marginal increase in value is the changes. If so, then appraisal <br />difference between the old value performed to determine increase <br />and the new value. Median in value of property resulting <br />values per acre for each zone or from that legislative change. <br />designation will be adopted by <br />administrative rule and are to be <br />updated annually with most <br />recent tax year information. If <br />property owner disagrees with <br />city-assigned value, property <br />owner can submit appraisal from <br /> L:\CMO\2006 Council Agendas\M060522\S060522C.doc <br /> <br />