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Santa Ana Redhill Development <br /> <br /> <br /> <br /> <br />Prepared for: City of Santa Ana <br /> <br />AECOM <br />40 <br /> <br /> <br /> <br /> <br /> <br />Fiscal Impact Tables <br /> <br />The Project - Estimated Property Tax Revenues at Stabilized Occupancy <br />Real Estate Sale Assumptions Estimated Total Assessed Value <br />Total Improved Value* $475,000,000 <br />Property Transfer Tax Revenue Assumptions <br />Total Improved Value $475,000,000 <br />Property Transfer Tax1 ($0.275 per $500) $261,000 <br />Annual Property Transfer Tax (5% of total) $26,100 <br /> <br />Property Tax Revenue Allocation Assumptions <br />Total Improved Value $475,000,000 <br />1% Property Tax Allocation $4,750,000 <br />% of Property Tax Distributed to City of Santa Ana General Fund** 19.4% <br />Net Increase in Property Tax Revenue $922,000 <br /> <br />% of City of Santa Ana in Lieu of Vehicle License Fee (VLF)*** 4.7% <br />Net Increase of In Lieu of VLF to the City of Santa Ana $223,887 <br /> <br />Total Estimated Annual Property Tax Allocation to the City of Santa <br />Ana $1,145,887 <br /> <br />Annual Combined Property Transfer Tax and Property Tax Allocation <br />to the City of Santa Ana $1,171,987 <br />*Discounted 5% to account for Assessed versus Market Value <br />**Tax Rate Area 11-019 <br />***Tax ratio is based on per capita estimated 2018-18 Santa Ana Budget Property Tax In Lieu of VLF revenues <br />Source: Orange County Tax Assessor, Costar, BLS, California DOF, AECOM <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />3-267