Smith County - Public Hearing TRZ Description & Boundary Based initially from 1-mile off centerline for Toll 49 alignment Included all GIS parcels for TRZ boundary if the center of the parcel was within the TRZ buffer boundary Identified properties likely owned by public sector and nontaxable Adjusted boundary to include / exclude parcels Approximately 11,600 parcels and 69,400 acres TRZ parcels were allocated into three broad categories –Identified (11,300 parcels and 66,400 acres) –Non Taxable / Exempt (270 parcels and 2,600 acres) –Unidentified (50 parcels and 360 acres) 1

Smith County - Public Hearing TRZ Boundary “Buffer” 2

Smith County - Public Hearing TRZ Boundary & Parcels 3

Smith County - Public Hearing TRZ Taxable Value – Smith County Appraisal District 4 Land Use CategoryAcreagePolygon Count Taxable Value ($ Millions) Single-Family Residential 5,2126,208 $ Multi-Family Residential $35.98 Vacant 2,0251,601 $28.95 Ag/Farm Land 32,9571,779 $85.48 Commercial $71.72 Exempt 2, $0.00 Other* 25,2661,285 $10.66 Unidentified $0.00 Grand Total69,35811,612 $1, *The Other land use category incudes utilities, mobile homes, residential inventory, and parcels that matched but the land use data was missing from the appraisal database.

Smith County - Public Hearing TRZ Boundary & Parcels by Land Use (2013) 5

Smith County - Public Hearing TRZ Revenue Forecast Assumptions 6 Assumed 25 year forecast period Allocated 50% of tax revenue to the TRZ Two tax rates were applied for the forecast period: –Constant 2012 tax rate ($ per $100 valuation) –Tax rate based on 20 year historic trend Used a 5.0 percent discount rate as part of the net present value calculation Developed three major growth scenarios for TRZ –Scenario 1 represents the baseline forecast. –Scenario 2 assumes Toll 49 is built over the next 5 to 10 years. –Scenario 3 is consistent with the growth of the study area as whole between 1990 and 2010.

Smith County - Public Hearing TRZ Revenue Forecast by 50% Allocation 7 Scenario 1 Scenario 2Scenario 3 Constant Tax Rate Nominal $30,834,334$35,934,564$40,915,139 5% $12,851,925$14,906,549$16,901,114 Over 25 years at a constant tax rate, the TRZ is projected to generate between $30.8M and $40.9M Using a discount rate of 5 percent, the TRZ is projected to generate between $12.9M and $16.9M over this same period.