For the City

If an extension of the Transportation Development District (TDD) passes, there will be a real estate assessment of $1.04 per $100 of assessed value for city property within 1/3 mile of the streetcar for 25 years.

Fair Market Value of Property Annual Assessment 24-year Obligation
$250,000 $832.00 $20,800.00
$500,000 $1,664.00 $41,600.00
$1,000,000 $3,328.00 $83,200.00
$5,000,000 $16,640.00 $416,000.00
$10,000,000 $33,280.00 $832,000.00
$50,000,000 $166,400.00 $4,160,000.00
     

 

 

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