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Published byFrankie Parmeter Modified over 9 years ago
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An informational series related to the update of the Countywide Plan
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The “Value” of Mixed Use Development September 2011
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Research Methods Property Appraiser’s Office database Approximately 100 samples of developments/ redevelopments Various types of land use Only structures built after 2005 Only located on mainland
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Low/Mid-Rise Suburban Residential Monterey Condominiums, Seminole
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Low/Mid-Rise Suburban Residential Captivas at Marina Bay, St. Petersburg
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Value by Type of Existing Use (per Acre) Assessed Value: $540,616 Annual Tax Yield: $9,908* * Using unincorporated county tax rate for 2010, before any exemptions
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Retail Big Box Wal-Mart Supercenter, St. Petersburg
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Value by Type of Existing Use (per Acre) Assessed Value: $707,778 Annual Tax Yield: $12,971
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Warehouse/Manufacturing/Office Flagship Community Bank Building, Dunedin
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Warehouse/Manufacturing/Office Valpak, St. Petersburg
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Value by Type of Existing Use (per Acre) Assessed Value: $721,327 Annual Tax Yield: $13,220
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Shopping Centers Shoppes at Park Place, Pinellas Park
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Shopping Centers Park Street Retail Center, Seminole
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Value by Type of Existing Use (per Acre) Assessed Value: $1,140,985 Annual Tax Yield: $20,910
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Single-Family Chautauqua Lake Estates, Clearwater
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Single-Family Hawk’s Landing, Pinellas County
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Value by Type of Existing Use (per Acre) Assessed Value: $1,210,467 Annual Tax Yield: $22,184
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Retail Strip Gulf to Bay Commons, Clearwater
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Retail Strip Twin Brooks Commons, St. Petersburg
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Value by Type of Existing Use (per Acre) Assessed Value: $1,534,521 Annual Tax Yield: $28,123
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Now it’s time to change the scale of the chart…
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…and add some new categories
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Low/Mid-Rise Urban Residential or Mixed Use 100 Main Street, Safety Harbor
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Low/Mid-Rise Urban Residential or Mixed Use 1010 Central, St. Petersburg
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Value by Type of Existing Use (per Acre) Assessed Value: $12,959,958 Annual Tax Yield: $237,513
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High-Rise Urban Mixed Use Signature Place, St. Petersburg
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High-Rise Urban Mixed Use Water’s Edge, Clearwater
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Value by Type of Existing Use (per Acre) Assessed Value: $31,914,614 Annual Tax Yield: $584,890
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Annual Tax Yield Range (per Acre): $584,890 to $9,908
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Sarasota
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Asheville, North Carolina
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Seattle
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Pinellas
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