PricewaterhouseCoopers
* Based on
22 houses at $12,000 = $264,000
** Based
on 2.2 children per household = $16,500 per child = $798,600
(extrapolated
from current school budget of $82,499,000 which is expected to increase by a minimum
of 5% per year going forward.
Annual
Partrick
Wetlands Tax Implications
Present Taxes . . . . . . . . . . . .
. …… . . . . .
. . . . . . . $14,000
Projected Property Tax*... . . . . . .
. . . . . . .
. . . . . . $264,000
Total Tax Gain of Development. . . . . . . . . . . . . . . $250,000
Cost of Education** . . . . . . . . .
. . . . . . .
. . . . . . . . $798,000
Negative Tax Impact in Year One . . . . . . . . . . .. ($548,000)
