Policy Framework - Jacksonville Transportation Authority

City of Jacksonville
Policy Framework for Transit-Oriented Development
What Could Change?
After determining a virtual present, the next phase in understanding a future TOD scenario was to evaluate
the potential for change. Vacant areas have the highest potential to develop, while high investment areas, such
as established single family neighborhoods or tall office condos, probably have very low or no redevelopment
potential. Parcels with existing development may have different potential for change based on land use or
tax assessment values. Real-estate parcel data contains an improvement value and land value assessments.
Improvement values are a measure of the total investment in building or other enhancements made to realestate.
Land values are assessments of just the land before any improvements. Both assessment values come
from the local assessors office. The ratio of improvement value to land value is a useful indicator of how much
investment has been made on a property, and thus its potential to develop more in the future. A combination
of DOR land use status, and tax assessment value were studied for all parcels in the transit corridor study
area. The ratio of improvement value to land value was calculated, averaged, and then grouped by percentile
to determine a parcel’s redevelopment potential for increased investment. Table 5 below shows an example
of how an average improvement-to-land ratio was classified into redevelopment status based on a percentile
grouping.
The different redevelopment potential categories listed in Table 5 were assigned each parcel. These categories
are explained further in Table 6, and quantified in Tables 7-10.
Developed
Approximately 43% (28,842 acres) of the study area was determined to be currently developed with little to
no potential for future redevelopment. These parcels often had very high improvement to land value ratios,
generally in top 25%. In addition, all existing single family residential was considered developed. Military,
state, federal, and religious properties and institutions were classified as developed. The County owned lands
were manually evaluated and where there were major civic or public facilities such as schools, hospitals, airports
and stadiums were classified as developed, otherwise they were considered vacant.
STATUS
(GIS)
DEVT
REDEV1
REDEV2
REDEV3
REDEV STATUS EXPLANATION ACRES
Developed
High Potential
Redevelopment
Medium Potential
Redevelopment
Low Potential
Redevelopment
Evaluated not likely to redevelop given high improvement
to land value ratios.
Improvement values to land value ratio averages were
generally were in the lowest 25%.
Improvement values to land value ratio averages were
generally were in the 25-50% range.
Improvement values to land value ratio averages were
generally were in the 50-75% range.
PERCENT
OF TOTAL
28,842 43%
5,837 9%
1,949 3%
1,694 3%
UNBLD
Unbuildable, not
likely to develop.
Unbuildable areas included general public ROW, utilities,
storm water retention, natural areas (FNAI), as well as
Federal, State owned and some County owned lands.
12,383 18%
VAC
Vacant or
agriculture
Areas labeled as vacant or agricultural by the Department
of Revenue existing land use classification.
16,966 25%
Table 6: Development Potential Status and Acres
Appendix A: Analysis of TOD Potential | A-9