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Published byFrankie Parmeter
Modified about 1 year ago
An informational series related to the update of the Countywide Plan
The “Value” of Mixed Use Development September 2011
Research Methods Property Appraiser’s Office database Approximately 100 samples of developments/ redevelopments Various types of land use Only structures built after 2005 Only located on mainland
Low/Mid-Rise Suburban Residential Monterey Condominiums, Seminole
Low/Mid-Rise Suburban Residential Captivas at Marina Bay, St. Petersburg
Value by Type of Existing Use (per Acre) Assessed Value: $540,616 Annual Tax Yield: $9,908* * Using unincorporated county tax rate for 2010, before any exemptions
Retail Big Box Wal-Mart Supercenter, St. Petersburg
Value by Type of Existing Use (per Acre) Assessed Value: $707,778 Annual Tax Yield: $12,971
Warehouse/Manufacturing/Office Flagship Community Bank Building, Dunedin
Warehouse/Manufacturing/Office Valpak, St. Petersburg
Value by Type of Existing Use (per Acre) Assessed Value: $721,327 Annual Tax Yield: $13,220
Shopping Centers Shoppes at Park Place, Pinellas Park
Shopping Centers Park Street Retail Center, Seminole
Value by Type of Existing Use (per Acre) Assessed Value: $1,140,985 Annual Tax Yield: $20,910
Single-Family Chautauqua Lake Estates, Clearwater
Single-Family Hawk’s Landing, Pinellas County
Value by Type of Existing Use (per Acre) Assessed Value: $1,210,467 Annual Tax Yield: $22,184
Retail Strip Gulf to Bay Commons, Clearwater
Retail Strip Twin Brooks Commons, St. Petersburg
Value by Type of Existing Use (per Acre) Assessed Value: $1,534,521 Annual Tax Yield: $28,123
Now it’s time to change the scale of the chart…
…and add some new categories
Low/Mid-Rise Urban Residential or Mixed Use 100 Main Street, Safety Harbor
Low/Mid-Rise Urban Residential or Mixed Use 1010 Central, St. Petersburg
Value by Type of Existing Use (per Acre) Assessed Value: $12,959,958 Annual Tax Yield: $237,513
High-Rise Urban Mixed Use Signature Place, St. Petersburg
High-Rise Urban Mixed Use Water’s Edge, Clearwater
Value by Type of Existing Use (per Acre) Assessed Value: $31,914,614 Annual Tax Yield: $584,890
Annual Tax Yield Range (per Acre): $584,890 to $9,908
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