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The Lane County Assessor determines how the tax rates for the schools, city, and county should get divided between the taxing districts and the urban renewal districts. As an tax rate is $7.0058 per $1,000 of assessed value. For the FY20 tax year, the Lane County Assessor divided that tax rate into three pieces: $6.8569 goes to the City of Eugene, $0.0793 goes to the Downtown Urban Renewal District, and $0.0696 goes to the Riverfront Urban Renewal District. This calculation is done for each tax rate on the tax bill. With the information from the Lane County Assessor about the division of tax rates, an analysis can determine how an individual tax bill is affected by urban renewal division of tax. For the typical Eugene home that the Lane County Assessor calculated for FY20, this taxpayer would pay the same amount of total taxes before or after urban renewal division of taxes. The only difference is that some of the tax revenues go to the urban renewal districts, instead of to the overlapping taxing districts. Table 8 in Exhibit F sets out this calculation for the typical taxpayer in Eugene. As can be seen, thebeforeandafterurban renewalviewsofthisbillareexactlythesame. ImpactonTaxRates: Urban renewal nominally affects voter-approved local option levies and bonds because the affected taxing district has less property value to levy taxes against, resulting in slightly higher tax rates. Based on the FY20 tax rates, the estimated impact of this slight tax rate increase from the Downtown District is about $0.04 per year for the typical Eugene taxpayer, which represents less than 0.001% of the total tax bill of $4,237 in FY20. means that the property taxes that may be used to fund urban renewal activities are limited to the permanent tax rates and any bonds or local option levies that were approved by voters prior to October 2001. The projected tax rate used to generate urban renewal revenues for the district will be reduced over time as bonds approved by voters before October 2001 are paid off. ImpactonOverlappingTaxingDistrictRevenues: During the period the urban renewal plan is active, a share of property taxes associat strict rather than the overlapping taxing jurisdictions. The incentive for the overlapping districts to support urban renewal include the likelihood that the urban renewal projects will produce higher property tax revenues in the long-run as well as potential direct and indirect benefit from the urban renewal funded projects. The estimated amount of urban renewal taxes to be divided over the remaining term of the Plan (net of discounts, delinquents, etc.) is shown in Table 9 in Exhibit G. Only the permanent tax rates of the overlapping jurisdictions are considered in this analysis because ReportontheProposed2020Amendment 20