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Housing Development Project: Apple Orchard
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<br />I Project Data $18.47
<br />Tax rate ($ per thousand)
<br />Property value increase @ 3%!
<br />Current property value $ 3,986,748
<br />T-note rate 5.47%]
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<br /> Year Property, Value Tax Assessment
<br /> Year 1 $ 3,986,748 $ 73,635
<br /> Year 2 $ 4,106,350 $ 75,844
<br /> Year 3 $ 4,229,541 $ 78,120
<br /> Year 4 $ 4,356,427 $ 80,463
<br /> Year 5 $ 4,487,120 $ 82,877
<br /> Year 6 $ 4,621,734 $ 85 363
<br /> Year 7 $ 4,760,386 $ 87 924
<br /> Year 8 $ 4,903,197 $ 90 562
<br /> Year 9 $ 5,050,293 $ 93 279
<br /> Year 10 $ 5,201,802 $ 96 077
<br /> Year 11 $ 5,357,856 $ 98 960
<br /> Year 12 $ 5,518,592 $ 101 928
<br /> Year 13 $ 5,684,149 $ 104 986
<br /> Year 14 $ 5,854,674 $ 108 136
<br /> Year 15 $ 6,030,314 $ 111 380
<br /> Year 16 $ 6,211,223 $ 114,721
<br /> Year 17 $ 6,397,560 $ 118,163
<br /> Year 18 $ 6,589,487 $ 121,708
<br /> Year 19 $ 6,787,172 $ 125,359
<br /> Year 20 $ 6,990,787 $ 129,120
<br /> TOTAL = $ 1,978,606
<br /> Net Present Value = $1,125,285
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