03/15/99 Robertson/Southfield Park TaxesDate: March 15, 1999
To: Al Thelen
From: Amy Robertson
RE: South Field Park Taxes
Per your request, I recently looked into the taxes for South Field Park. It was interesting to find
that they were just paid on Thursday March l I'. The Taxes were paid on assessor #75-000115
for two lots. That property has since been split into five lots. The taxes paid on that property
were $13,302.08 plus penalty and interest. Both halves were paid last week. The County did not
have a `B" on the tax notice so there was no deposit into the increment district. Monty Long has
indicated to me that since it is already paid that he can't void and rerun this tax notice for the
district. It would require refunding the taxes paid to the property owner. I noted that the City
also failed to get the specials on this assessor number and I've asked public works to get that
information so that they can be billed manually. Its about $1,100. This property was sold and
the papers filed at the County in July 1997. The developers agreement was signed and filed in
February 1998.
Most people would assume that all of this money ($13,302) would go to the increment district,
however, that is not the case. The value of the district as a whole is compared to the district in
the base year and a percentage is determined. In the case of this district, the growth rate was
1.8%. We get 1.8% of all of the taxes paid in this district. Had this property been coded
properly at the County we would have received $239 in the Airport Increment fund.
One of the problems with the values for the district has to do with personal property. The
personal property was valued at 8% in the year the district was formed. It is now at 6 % and so a
loss of total value has occurred in the district. We will receive personal property reimbursements
some time after the Personals are due (July).
Its also interesting to note that some of the personal property from Increment district "C" is being
transferred to increment "A" as properties move out of the Gateway mall and to the new
Downtown shopping area.