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An informational series related to the update of the Countywide Plan.

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Presentation on theme: "An informational series related to the update of the Countywide Plan."— Presentation transcript:

1 An informational series related to the update of the Countywide Plan

2 The “Value” of Mixed Use Development September 2011

3 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

4 Low/Mid-Rise Suburban Residential Monterey Condominiums, Seminole

5 Low/Mid-Rise Suburban Residential Captivas at Marina Bay, St. Petersburg

6 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

7 Retail Big Box Wal-Mart Supercenter, St. Petersburg

8 Value by Type of Existing Use (per Acre) Assessed Value: $707,778 Annual Tax Yield: $12,971

9 Warehouse/Manufacturing/Office Flagship Community Bank Building, Dunedin

10 Warehouse/Manufacturing/Office Valpak, St. Petersburg

11 Value by Type of Existing Use (per Acre) Assessed Value: $721,327 Annual Tax Yield: $13,220

12 Shopping Centers Shoppes at Park Place, Pinellas Park

13 Shopping Centers Park Street Retail Center, Seminole

14 Value by Type of Existing Use (per Acre) Assessed Value: $1,140,985 Annual Tax Yield: $20,910

15 Single-Family Chautauqua Lake Estates, Clearwater

16 Single-Family Hawk’s Landing, Pinellas County

17 Value by Type of Existing Use (per Acre) Assessed Value: $1,210,467 Annual Tax Yield: $22,184

18 Retail Strip Gulf to Bay Commons, Clearwater

19 Retail Strip Twin Brooks Commons, St. Petersburg

20 Value by Type of Existing Use (per Acre) Assessed Value: $1,534,521 Annual Tax Yield: $28,123

21 Now it’s time to change the scale of the chart…

22 …and add some new categories

23 Low/Mid-Rise Urban Residential or Mixed Use 100 Main Street, Safety Harbor

24 Low/Mid-Rise Urban Residential or Mixed Use 1010 Central, St. Petersburg

25 Value by Type of Existing Use (per Acre) Assessed Value: $12,959,958 Annual Tax Yield: $237,513

26 High-Rise Urban Mixed Use Signature Place, St. Petersburg

27 High-Rise Urban Mixed Use Water’s Edge, Clearwater

28 Value by Type of Existing Use (per Acre) Assessed Value: $31,914,614 Annual Tax Yield: $584,890

29 Annual Tax Yield Range (per Acre): $584,890 to $9,908

30 Sarasota

31 Asheville, North Carolina

32 Seattle

33 Pinellas


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