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Estimated Property Tax Receipts to SanduskyCounty

and Select Communities based on a

Hypothetical Development Project

Date:May 5, 2004

Prepared For: Resource Development Group

Prepared By: Silverlode Consulting Corp.

Overview: This analysis provides estimates of the net, new property tax revenues that would flow toSanduskyCounty and select communities within the County from a hypothetical development project. For purposes of this analysis, we estimated taxes on real property, personal property (i.e., machinery and equipment) and inventory before and after property tax abatement. The communities included in this analysis are as follows:

  • SanduskyCounty
  • City of Fremont
  • ClydeCity
  • City of Bellevue
  • Gibsonburg Corp.
  • SanduskyTownship
  • GreenSpringsTownship
  • MadisonTownship
  • WoodvilleTownship
  • BallvilleTownship

We used direct investment assumptions and property tax rates provided by Resource Development to estimate the property tax impacts of the hypothetical project. The direct investment assumptions included $3 million for real property, $5 million for machinery and equipment and $5 million of average annual inventory. In addition, we assumed that the hypothetical project could be supported with 65% property tax abatement over 10 years if an individual community chose to provide financial support.

Summary of Estimated Tax Revenues:

Table 1. Total Property Tax Revenues over 10 years

Based on Hypothetical Project Assumptions

Real Property Tax / Personal Property Taxes / Total Property Taxes without EZ Abatement / Total Property Taxes with EZ Abatement
SanduskyCounty / $89,979 / $134,453 / $224,432 / $78,551
City of Fremont - Fremont CSD, Vanguard JVSD / $298,907 / $594,343 / $893,250 / $312,638
Green Creek Twp - ClydeCity, Clyde EVSD, Vanguard JVSD / $436,222 / $791,439 / $1,227,661 / $429,681
City of Bellevue - Bellevue CSD, Ehove JVSD / $454,468 / $746,367 / $1,200,835 / $420,292
Gibsonburg Corp - Gibsonburg EVSD, Vanguard JVSD / $433,045 / $884,640 / $1,317,685 / $461,190
SanduskyTownship - Fremont CSD, Vanguard JVSD / $320,172 / $624,901 / $945,073 / $330,776
GreenSpringsTownship - Clyde EVSD, Vanguard JVSD / $466,041 / $837,276 / $1,303,317 / $456,161
MadisonTownship - Gibsonburg EVSD, Vanguard JVSD / $460,018 / $930,476 / $1,390,494 / $486,673
MadisonTownship - Woodmore LSD, Penta County JVSD / $502,450 / $882,348 / $1,384,798 / $484,679
WoodvilleTownship - Woodmore LSD, Penta County JVSD / $520,459 / $902,210 / $1,422,669 / $497,934
WoodvilleTownship - Gibsonburg EVSD, Vanguard JVSD / $478,027 / $950,338 / $1,428,365 / $499,928
BalvilleTownship - Fremont CSD, Vanguard JVSD / $317,104 / $621,845 / $938,949 / $328,632
BalvilleTownship - Old Fort LSD, Vanguard JVSD / $579,329 / $808,246 / $1,387,575 / $485,651
BalvilleTownship - Clyde EVSD, Vanguard JVSD / $448,928 / $811,302 / $1,260,229 / $441,080

The property tax millages used to calculate the estimated tax revenue for each community are listed in the table below. Please note that these millages include all millages that would flow to the particular jurisdiction and the respective school districts (including vocational schools) serving that jurisdiction. For example, the SanduskyCounty personal property millage includes portions for SanduskyCounty, Sandusky County Health District and Sandusky County 911.

Table 2. Property Tax Millages for Select Locations

Real Property Tax / Personal Property Tax
SanduskyCounty / 8.194 / 8.800
City of Fremont - Fremont CSD, Vanguard JVSD / 27.220 / 38.900
Green Creek Twp - ClydeCity, Clyde EVSD, Vanguard JVSD / 39.725 / 51.800
City of Bellevue - Bellevue CSD, Ehove JVSD / 41.387 / 48.850
Gibsonburg Corp - Gibsonburg EVSD, Vanguard JVSD / 39.436 / 57.900
SanduskyTownship - Fremont CSD, Vanguard JVSD / 29.157 / 40.900
GreenSpringsTownship - Clyde EVSD, Vanguard JVSD / 42.440 / 54.800
MadisonTownship - Gibsonburg EVSD, Vanguard JVSD / 41.892 / 60.900
MadisonTownship - Woodmore LSD, Penta County JVSD / 45.756 / 57.750
WoodvilleTownship - Woodmore LSD, Penta County JVSD / 47.396 / 59.050
WoodvilleTownship - Gibsonburg EVSD, Vanguard JVSD / 43.532 / 62.200
BalvilleTownship - Fremont CSD, Vanguard JVSD / 28.877 / 40.700
BalvilleTownship - Old Fort LSD, Vanguard JVSD / 52.757 / 52.900
BalvilleTownship - Clyde EVSD, Vanguard JVSD / 40.882 / 53.100

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