Vision SMTX Appendix Adopted 2024

APPENDIX C: KEY FINDINGS FROM FISCAL IMPACT ANALYSIS

Sq. Ft. Revenue

Multifamily $250,000 95.00% $237,500 0.416 $987 12,211 $12,053,241 5,194 $5,126,427

Industrial/Distribution $100 95.00% $95 0.416 $0.39 6,526,208 $2,576,677 7,839,257 $3,095,096 Total Commercial 13,971,633 $8,850,370 14,790,969 $8,965,557

Student Multifamily $300,000 95.00% $285,000 0.416 $1,184 13,575 $16,078,509 5,241 $6,208,244 Total Residential 51,999 $70,767,660 52,000 $79,441,050 Commercial

Highway Commercial $220 95.00% $209 0.416 $0.87 3,141,051 $2,728,330 3,560,854 $3,092,972 Local Commercial $220 95.00% $209 0.416 $0.87 1,854,740 $1,611,034 1,265,539 $1,099,252 Office/Institutional $200 95.00% $190 0.416 $0.79 2,449,634 $1,934,329 2,125,319 $1,678,237

Single Family $425,000 95.00% $403,750 0.416 $1,678 12,543 $21,046,596 24,961 $41,883,932

Attached $400,000 95.00% $380,000 0.416 $1,579 13,670 $21,589,315 16,604 $26,222,447

Units/ Scenario A Scenario B

Sq. Ft. Revenue

Units/

Per Unit

Revenue

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Value per Unit Mill Levy

203045-FIM 2-16-23.xlsm

Assessed

Assessment Ratio

Market Value per Unit / Sq. Ft.

Table 10 Case Study: Property Tax Revenue San Marcos Comprehensive Plan Fiscal Impact Analysis Description Residential

Source: Zillow; CoStar; Economic & Planning Systems Z:\Shared\Projects\DEN\203045-San Marcos Comprehensive Plan\Models\[203045-FIM 2-16-23.xlsm]CS - R - Property Tax

SAN MARCOS COMPREHENSIVE PLAN 2024

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