Matt Boeck Story County GIS Coordinator

Assessment County Ordinance Approved by County Supervisors Amount of Valuation For the first assessment year, at 0% of net acquisition cost For the second through sixth assessment years, at a percent of the net acquisition cost which rate increases by 5% each assessment year For the seventh and succeeding assessment years, at 30% of the net acquisition cost Acquisition cost for Story County Wind Farm All turbines have to be in at least initial phases of construction

Story County Wind Farm Story Wind LLC NextERA company (Florida Power and Light) 100 Turbines Constructed in Fall of Turbines on Assessment year 2009 Story County will see first tax dollars September more turbines on assessment year 2010 Treated as Buildings on Leased Land Two or more turbines on same rural parcel can have same parcel number Class is Industrial

Estimated Assessments and Taxes

Wind Turbines and TIF Tax Increment Financing Financing mechanism, most commonly used by cities, to reallocate growth in property tax revenue within a designated Urban Renewal Area (URA) to finance public improvement projects or attract new development URA can be entire county County road improvements

Wind Turbines in GIS