urban3 - huntington
DESCRIPTION
Presentation by Joe Minicozzi, Urban3 for the City of HuntingtonTRANSCRIPT
How We Value the City
Joseph Minicozzi, AICP
Mapping the Dollars and $ense of Land Use Patterns
DNA
DNA
DNA
DNA
DNA
DNA
This is a Test
Cognitive Test by Tal Ben-Shahar
Things Change…
Things Change…The 3 T’s - Trains, Tourism, & Tuberculosis
During the 1920’s
• Asheville grew by 20% population/year • Second largest city in NC,
(larger than Charlotte!)
• Achieved the highest debt per capita in the entire United States !!!
• City thought it had $5M in bank, but when the audit on the bank happened, it was discovered to only be $18,000
• 3 days after the elected officials were indicted, the Mayor committed suicide
Thomas Wolfe Author (1900-1938)
You Can’t Go Home Again
Thomas Wolfe Author (1900-1938)
You Can’t Go Home Again
They’ve mortgaged those of a generation to come. They have ruined a city, and in doing so, have ruined themselves, their children, and their children’s children.
Asheville has squandered fabulous sums. They’ve flung away the earnings of a lifetime.
The Decline Began in the 50’s & 60’s
Development outside of downtown was encouraged by the new expressways.
Asheville’s Expressway
Development outside of downtown was
encouraged by the new expressways.
The 73
acre Asheville
Mall
In the 70’s and 80’s our downtown died
In the 70’s and 80’s our downtown died.
Asheville’s de facto motto was:
“That will never work here - don’t even try.”
Mayor Lou Bissette
Community Leaders With An Urban Vision Doug Bean, City Manager
Robin Daniel
Barbra FieldRick Ramsey
Bob Carr
KenMichalove
Wilma Bratton
Norma Price
Russ Martin
James Geter
Dr. John Grant
Leslie Anderson
1928 - 11/19/1994
WCQS
1st Market Rate Housing in 50 Years Pack Place Museum
The U
rban
Trai
l
AB Vision Project
Downtown Streetscape Plan
Urban Design Vision Plan
Roger McGuireCommunity Leaders With An Urban Vision
1941 - 11/19/2001
the D
ogwo
od Fu
nd
the Alternative Reading Room
Public Interest Projects
Salsa
’s & Za
mbr
asThe Orange Peel
The L
augh
ing S
eed
The Public Service Building
The
Moun
tain
Xp
ress
Julia
n Pr
ice 51 Biltmore
YWCA
Downtown benches
City Seeds
1993
Among cities with no particular recreational appeal, those that have preserved their past continue to enjoy tourism. Those that haven’t receive almost no tourism at all. Tourism simply doesn’t go to a city that has lost its soul.
Arthur Frommer
1993
Top Travel Destinations of 2007Asheville: #5 of the top 12
In God we trust; everyone else, bring data.Mayor Michael Bloomberg
Asheville CBD Taxable Value
Asheville CBD Taxable Value
Asheville’s de facto motto was:
“That will never work here - don’t even try.”
Asheville CBD Taxable Value
Incorporate (inˈkôrpəˌrāt) VERBConstitute (a company, city, or other organization) as a legal corporation. Source: Oxford Dictionary
What is a City? Photo: James Harrison
What is a City?
Asheville is 4x >
Land Production
Old Penneys
For 40 years this building remained
vacant…… its tax value in 1991 was just over
$300,000
Today the building is valued
at over $11,000,000
an increase of
over 3500%
in 15 years The lot is less than 1/5 acre
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
WalmartDowntown My House
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
WalmartDowntown My House
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
Property Taxes/Acre
$19,542
WalmartDowntown My House
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
Property Taxes/Acre
$6,500Property Taxes/Acre
$19,542
WalmartDowntown My House
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
Property Taxes/Acre
$634,000Property Taxes/Acre
$6,500Property Taxes/Acre
$19,542
WalmartDowntown My House
0.13 Acres 1 unit (2 people + 2 dogs) $232,000 Tax Value
0.19 Acres 54,000 sf. Bld $11,000,000 Tax Value
34.0 Acres 220,000 sf Building $20,000,000 Tax Value
Property Taxes/Acre
$634,000Property Taxes/Acre
$6,500Property Taxes/Acre
$19,542
WheatCannabis Soybeans
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)
$77,000,000
Total Property Taxes/Acre$634,000to the City$330,000
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)
$77,000,000
Total Property Taxes/Acre$634,000to the City$330,000
$0.0775 Sales Taxof which…
27% returned to City
Total Property Taxes/Acre$6,500
DowntownProperty + Retail Sales Taxes
to the City$3,300
Retail Sales (average)
$77,000,000
Total Property Taxes/Acre$634,000to the City$330,000
$47,500 Sales TaxCity return
DowntownProperty + Retail Sales Taxes
Total Taxes/Acre to the City
$50,800Property Taxes/Acre to the City
$330,000
Asheville Walmart
DowntownProperty + Retail Sales Taxes
Total Taxes/Acre to the City
$50,800Total Taxes/Acre to the City
$414,000
Asheville Walmart
DowntownJobs per Acre
200 jobs on 34.0 acres
5.914 jobs on 0.19 Acres
73.7
Asheville Walmart
73.75.9 Jobs per Acre:
$ 83,600$ 47,500City Retail Taxes/Acre:
Land Consumed (Acres): 00.234.0$634,000$ 6,500Total Property Taxes/Acre:
90.00.0 Residents per Acre:
DowntownAsheville Walmart
$0
$450
$900
$1,350
$1,800
Undeveloped Biltmore Estate County Residential City Residential
$1,716
$1,236
$135$30
Residential
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
$0
$2,000
$4,000
$6,000
$8,000
Undeveloped Biltmore Estate County Residential City Residential City - Commercial Asheville Mall
$7,995
$2,406
$1,716
$1,236
$135$30
ResidentialCommercial
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
$0
$75,000
$150,000
$225,000
Undeveloped
Biltmore Estate
County Residential
City Residential
City - Commercial
Asheville Mall
CBD 1-2 Story Office
CBD 2-4 Story Apts.
CBD Mixed-Use 3-4 Stories
CBD Mixed-Use 6+ Stories
$250,125
$44,887
$18,109$7,059$7,995$2,406$1,716$1,236$135$30
ResidentialCommercialCentral Business District
Buncombe County Property Tax Revenue Profile: 2007 Tax Yield per Acre
Scary Math
How do you compare cars?
Toyota Prius 571 miles per tank
Bugatti Veyron SS 390 miles per tankRolls-Royce Phantom Drophead
380 miles per tank
Ford F150 Lariat LTD 648 miles per tank
1955 BMW Isetta 245 miles per tank
Toyota Prius 571 miles per tank
Bugatti Veyron SS 390 miles per tankRolls-Royce Phantom Drophead
380 miles per tank
Ford F150 Lariat LTD 648 miles per tank
1955 BMW Isetta 245 miles per tank
How do you compare cars?1 2
34
5
How do you compare cars?
Toyota Prius 51/48 mpg
Bugatti Veyron SS 8/14 mpgRolls-Royce Phantom Drophead
11/18 mpg
Ford F150 Lariat LTD 13/18 mpg
1955 BMW Isetta 50/70 mpg
Toyota Prius 51/48 mpg
Bugatti Veyron SS 8/14 mpgRolls-Royce Phantom Drophead
11/18 mpg
Ford F150 Lariat LTD 13/18 mpg
1955 BMW Isetta 50/70 mpg
How do you compare cars?
1
23
4 5
3
Grand Junction, CO
Glenwood Springs, CO
Rifle, CO
Asheville, NC
Dunn, NC
Sarasota, FL
Sheridan, WYBillings, MT
Bozeman, MT
Driggs, ID
Completed Study
Urban
Cheyenne, WY
Petaluma
Laramie, WY
Columbia, SC
Modesto, CA
Casper, WY
Ft. Collins, CO
Merced, CATurlock, CA
Rockland, ME
Chattanooga, TN
Missoula, MT
Great Falls, MT
Wilmington, NC
Clovis, CA
Visalia, CAFresno, CA
Nashville, TN
Helena, MT
Winston-Salem, NCGreensboro, NC
Gwinnett, GA
Mountain View, CA
Philadelphia, PA
Syracuse, NY
Charlotte, NC
Guelph, ON
Austin, TX
Chapel Hill, NCHigh Point, NC
Buffalo, NY
Lafayette, LA
West Palm Beach, FL
Des Moines, IA
Niagara Falls, NY
Durango, CO
$0
$75
$150
$225
$300
$274.00
$95.00
$47.80
$9.30$6.70$5.50$1.00
ResidentialCommercial
Mixed-Use
County S-F City S-F Walmart Mall or stripMixed-Use (2 Story)
Mixed-Use (3 Story)
Mixed-Use (6 Story)
Ratio Difference of 42 City Sample Set, in 16 States (+ a Province)
3UrbanJoseph Minicozzi, AICPCounty Property Taxes/Acre
... the relentless rules of humble
arithmetic.Justice Louis Brandeis
“Other People’s Money”, 1914
Geology
“Money is your measure.”Ian McHarg Design With Nature
Geology
“Money is your measure.”Ian McHarg Design With Nature
Geology
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Geology
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Hydrology
Geology
Buildings
Streets - Infrastructure
“Money is your measure.”Ian McHarg Design With Nature
Tax Productivity
What are the numbers for Buncombe County?
Total Taxable Value Buncombe County, NC
Biltmore Estate
Taxable Value per Acre Buncombe County, NC
Biltmore Estate
Taxable Value per Acre Buncombe County, NC
Biltmore Estate
Biltmore Park
Black Mountain
What are the numbers for Cabell-Wayne County?
Total Taxable Value Cabell-Wayne, WV
Strip Mine
North
Cartography: Brad Nunley
Taxable Value per Acre Cabell-Wayne, WV
Strip Mine
North
Cartography: Brad Nunley
Taxable Value per Acre Cabell-Wayne, WV
Need arrow
Cartography: Brad Nunley
Taxable Value per Acre Cabell-Wayne, WV
Need arrow
Need Key
Cartography: Bre Shell
Taxable Value per Acre Cabell-Wayne, WV
Need arrow
Need Key
Cartography: Bre Shell
Total Taxable Value Huntington, WV
North
CSX
Cartography: Brad Nunley
Taxable Value Per Acre Huntington, WV
North
CSX
Cartography: Brad Nunley
Biltmore Estate
North
St. James Building
Taxable Value Per Acre Huntington, WV
Cartography: Brad Nunley
Taxable Value Per Acre Huntington, WV
Taxable Value Per Acre Huntington, WV
Taxable vs. Exempt Cabell-Wayne County, WV
79%
21%
ExemptTaxable
Cartography: Bre Shell
Taxable vs. Exempt Huntington, WV
76%
24%
ExemptTaxable
Cartography: Bre Shell
Taxable vs. Exempt Downtown Huntington, WV
72%
28%
ExemptTaxable
Cartography: Bre Shell
94%
6%
HuntingtonCabell
Comparative Impact Huntington within Cabell
County Area
County Property Value
70%
30%
Cartography: Brad Nunley
Comparative Impact Downtown within Huntington
8%
92%
HuntingtonDowntown
City Area
City Property Value
17%
83%
Cartography: Brad Nunley
Comparative Impact Downtown within Cabell
99%
1%
DowntownCabell
County Area
County Property Value
92%
8%
Cartography: Brad Nunley
RETAIL SALES
Mai
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Rho
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Mon
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Mas
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irgin
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Car
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aVi
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iaA
lask
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uth
Dak
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Cal
iforn
iaU
tah
Penn
sylv
ania
Nev
ada
Geo
rgia
Ariz
ona
Col
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hio
Tenn
esse
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ashi
ngto
nM
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uri
New
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and
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Property
SalesIncomeOther
Local Revenue Sources by StateSource: Tax Policy Center 2014
3Urban
Municipal Service Fee per Acre Huntington, WV (by block group)
Cartography: Brad Nunley
alDowntown
Employment per Acre Huntington, WV (by block group)
Cartography: Brad Nunley
Downtown
Business and Occupation tax per Acre Huntington, WV (by block group)
Cartography: Brad Nunley
Downtown
Property Tax per Acre Huntington, WV (by block group)
Cartography: Brad Nunley
Downtown
Total Municipal Revenue per Acre Huntington, WV (by block group)
Cartography: Brad Nunley
Downtown
Walmart (on 60)$435,109 per acre
Cabell Co., WV Total Value Per Acre
Walmart (by Mall)$568,980 per acre
Best Buy + Michaels’$963,737 per acre
Huntington Mall$199,939 per acre
Walmart (by Mall)$568,980 per acre
Cabell Co., WV Total Value Per Acre
Big Lots + $290,900 per acre
Kmart$409,178 per acre
Walmart (by Mall)$568,980 per acre
Cabell Co., WV Total Value Per Acre
Big Lots + $290,900 per acre
Walmart (by Mall)$568,980 per acre
1340 4th Ave $845,850 per acre
Cabell Co., WV Total Value Per Acre
Big Lots + $290,900 per acre
Walmart (by Mall)$568,980 per acre
1340 4th Ave $845,850 per acre
801 3rd Ave.$1,952,086 per acre
Cabell Co., WV Total Value Per Acre
Huntington T&S$6,157,671 per acre
1340 4th Ave $845,850 per acre
801 3rd Ave.$1,952,086 per acre
Near Campus Mixed-use$1,648,815 per acre
Cabell Co., WV Total Value Per Acre
Huntington T&S$6,157,671 per acre
West Virginia$10,633,785 per acre1340 4th Ave
$845,850 per acre801 3rd Ave.$1,952,086 per acre
Near Campus Mixed-use$1,648,815 per acre
Cabell Co., WV Total Value Per Acre
A Lasting Value
Value Per Acre$2,522,070
Frederick Hotel
Built: 1906 ($400,000)
Cabell Co., WV Total Value Per Acre
Value Per Acre$22,770,702
St. James
Built: 1914
Cabell Co., WV Total Value Per Acre
$0
$833
$1,667
$2,500
$3,333
$4,167
$5,000
Residential Commercial Mixed-Use
Cou
nty
Res.
S-
F*
$55
City
S-F
*
*Average values per Cabell County Assessor File
City
U
ndev
elop
ed
Wal
mar
t
Cabell County Profile: 2015 County Property Tax Yield per Acre
$173
$1,1
29 $1,4
65
Hun
tingt
on
Mal
l
Aldi
$1,6
58
$2,2
20
Big
Lots
+$1
,954
2 St
ory
CBD
13
40 4
th A
ve$4
,340
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
Residential Commercial Mixed-Use
Cou
nty
Res.
S-
F*
$55
City
S-F
*
*Average values per Cabell County Assessor File
Dow
ntow
n H
isto
ric C
ore
Cen
tral C
ity
Caf
e
City
U
ndev
elop
ed
Wal
mar
t
$17,
241
The
Pritc
hard
Wes
t Virg
inia
Cabell County Profile: 2015 County Property Tax Yield per Acre
$173 $1
,129
$1,4
65
Hun
tingt
on
Mal
l
$4,9
86
The
Fred
rick
Pullm
an
Squa
re
$10,
567
Aldi
$1,6
58
$2,2
20 $4,3
40
$5,2
00 $8,4
50
Pullm
an S
quar
e
with
gar
age
Dodr
ills
$31,
153
Hun
tingt
on
Trus
t & S
avin
gs
$16,
200
Big
Lots
+$1
,954
2 St
ory
CBD
3-4
Stor
y C
BD
$10,
143
Blac
k Sh
eep
$12,
620
$10,
798
$54,
417
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
Residential Commercial Mixed-Use
Cou
nty
Res.
S-
F*
$55
City
S-F
*
*Average values per Cabell County Assessor File
Dow
ntow
n H
isto
ric C
ore
Cen
tral C
ity
Caf
e
City
U
ndev
elop
ed
Wal
mar
t
$17,
241
$54,
417
The
Pritc
hard
Wes
t Virg
inia
St. J
ames
$115
,827
Cabell County Profile: 2015 County Property Tax Yield per Acre
$173
$1,1
29
$1,4
65
Hun
tingt
on
Mal
l
$4,9
86
The
Fred
rick
Pullm
an
Squa
re
$10,
567
Aldi
$1,6
58
$2,2
20
$4,3
40
$5,2
00
$8,4
50
Pullm
an S
quar
e
with
gar
age
Dodr
ills
$31,
153
$16,
200
Big
Lots
+$1
,954
2 St
ory
CBD
3-4
Stor
y C
BD
$10,
143
Blac
k Sh
eep
$12,
620
$10,
798
Hun
tingt
on
Trus
t & S
avin
gs
Cabell County, WV Determining Lasting Value
6.7 acres of The 801 3rd Aves. would equal the 30 acre Walmart on route 60.
801 3rd Ave.$1,952,086 per acre
Walmart (on 60)$435,109 per acre
Walmart (by Mall)$568,980 per acre
Cabell County, WV Determining Lasting Value
2 acres of The Huntington T&B would equal the 22 acre Walmart
by the mall.Huntington T&S$6,157,671 per acre
Huntington Mall$199,939 per acre
Cabell County, WV Determining Lasting Value
11.5 acres of Pullman Square (with parking) would equal the
117 acre Huntington MallPullman Square$2,032,841 Value per Acre
Apples to Apples Comparing land use types
Apples to Apples Comparing land use types
Apples to Apples Comparing land use types
Apples to Apples Comparing land use types
Apples to Apples Comparing land use types
What is the cash flow?
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Lafayette, LA
“It's déjà vu all over again” - Yogi Berra
Hard Costs ★ Land Cost ★ Buildings ★ Road & Sidewalks ★ Sewer ★ Water ★ Buildings
Soft Costs ★Permitting ★Architect ★Engineering ★Legal Fees ★Marketing ★Profit
Developer Costs
Photo: Christoph Gielen
Hard Costs ★ Land Cost ★ Buildings ★ Road & Sidewalks ★ Sewer ★ Water ★ Buildings
Hard Costs ★Roads to here ★Public buildings ★Parks ★Sewer ★Water
Service Cost ★Police ★Fire ★Government ★Schools ★Economic
Soft Costs ★Permitting ★Architect ★Engineering ★Legal Fees ★Marketing ★Profit
Developer Costs
Municipal Costs
Photo: Christoph Gielen
Pho
to: B
arry
Cho
wka
Pho
to: B
arry
Cho
wka
Property Taxes Per Acre Lafayette Parish, LA
Vermillio
n
I-10
Johnston
I-49
Expense and Revenue Ratio Lafayette Parish, LA
Downtown
DRAFT
Revenues
Expenses
Expense and Revenue Ratio Lafayette Parish, LA
Downtown
DRAFT
Net Positive
Net Negative
Operating Expense Ratio Lafayette Parish, LA
Downtown
River RanchMall
DRAFT
Operating Expense Ratio (Total) Lafayette Parish, LA
Mall
Downtown
DRAFT
Operating Expense Ratio (Total) Lafayette Parish, LA
Mall
Downtown
DRAFT
Lafayette Cash Flow Model
Operating Expense Ratio (Total) Lafayette Parish, LA
Mall
Downtown
DRAFT
Vermillion River
Lafayette Cash Flow Model
Vermillion River
Operating Expense Ratio (Total) Lafayette Parish, LA
Mall
Downtown
DRAFT
Lafayette Cash Flow Model MPO 2040 Population Model Projections
1949Feet of pipe/person Fire Hydrants/1,000 people
33,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person Fire Hydrants/1,000 people
533,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person Fire Hydrants/1,000 people
2.4533,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.4533,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.45
121,000
33,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
2.45
50121,000
33,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50121,000
33,500
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50121,000
33,500
3.5x
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50121,000
33,500
3.5x 10x
PopulationSource: Sanborn Maps and LCG Records
1949Feet of pipe/person
2015
Fire Hydrants/1,000 people
51.3
2.45
50121,000
33,500
3.5x 10x 21.4x
PopulationSource: Sanborn Maps and LCG Records
Your Median Household income
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
Your Median Household income
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
1950
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
1950
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
19502015
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
19502015
$45,000
Your Median Household income
$27,700
Source: US Census Bureau and Stanfrod University adjusted to 2015 net present value.
1950 $31,400
1.6x
Feet of pipe/person
Fire Hydrants/1,000 people
3.5x
10x
21.4x
Population
19502015
$45,000
The Problem
Apollo XIII Mission Control
The Problem
The Problem
Median Value = $150,000
The Problem
Median Value = $150,000 x 1% for City Property Tax
The Problem
Median Value = $150,000 x 1% for City Property Tax = $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax = $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
+$150 to roads
= $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
+$150 to roads
= $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
- $3,300 cost/yr.
+$150 to roads
= $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
- $3,300 cost/yr.
+$150 to roads
= $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
- $3,300 cost/yr.
+$150 to roads
- $4,000 cost/yr.
= $1,500 taxes/yr.
The Problem
Median Value = $150,000 x 1% for City Property Tax
- $3,300 cost/yr.
+$150 to roads
- $4,000 cost/yr.
= $1,500 taxes/yr.
- $7,150 cost/house
>Greenway
Art Teacher
Dancing Traffic Cop
Behavioral Economics
Dell Avenue
Map: Neil Thomas Resource Data, Inc.
Analyst: Derek Sanders
TaxCode
Land Value Per Acre Cabell County, WV
Land Value Per Acre Cabell County, WV
Land Value Per Acre Cabell County, WV
Land Value Per Acre Cabell County, WV
MARKET FORCES
Houses from the Middle Ages corbelled wood-sides to avoid paying a tax based on the ground level surface.
People added on more space by stacking up larger and larger floors. Some houses that faced each other would nearly touch each other, which increased the risk of fires spreading!
King Francois I banned this type of architecture (1515-1547).
Photo: Alija
Photo: Alija
Honfleur, NormandyCorbellment
The Window Tax 1696-1851, by King William III
Window tax consisted of:
1. a flat-rate house tax per house and,
2. a variable tax for # windows > 10
3. Between 10 and 20 = 4 shillings, and
4. Those > 20 = 8 shillings.
At the time, only the number of floors below the “roof”, were considered part of the building.
François Mansart, architect (1598–1666)
His treatment of high roof stories gave rise to the term “Mansard roof"
Photo: Alija
Photo: Alija
Public Policy
Source (2013): forbes.com
Penguins$288M
Asheville$12.8B Taxable Value
> Pirates$479M
Steelers$1.1B
Roo
ney
Ben Roethlisberger
Roo
ney
Ben Roethlisberger
If you can’t measure it, you can’t
manage it.Mayor Michael Bloomberg
DO THE MATH