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east liberty station: realizing the potential - City of Pittsburgh

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Appendix IV - elTRID<br />

Real Property Tax Increments - Fromer Reizenstein School Redevelopment Project<br />

Year<br />

Estimated<br />

Assessed Value<br />

<strong>of</strong> Land &<br />

Develompent (2)<br />

Projected Real Estate Taxes Base Real Estate Taxes (1) Projected Tax Increments<br />

<strong>Pittsburgh</strong><br />

<strong>Pittsburgh</strong><br />

Public<br />

<strong>Pittsburgh</strong><br />

<strong>City</strong> <strong>of</strong> Public School Allegheny<br />

<strong>City</strong> <strong>of</strong> School Allegheny<br />

<strong>City</strong> <strong>of</strong> Public School Allegheny<br />

<strong>Pittsburgh</strong> District County<br />

Total <strong>Pittsburgh</strong> District County Total <strong>Pittsburgh</strong> District County<br />

Total<br />

Millage==> 10.8 13.92 4.69 29.41<br />

1 - - - - - - - - - - - - -<br />

2 - - - - - - - - - - - - -<br />

3 13,125,000 141,750 182,700 61,556 386,006 - - - - 141,750 182,700 61,556 386,006<br />

4 32,545,750 351,494 453,037 152,640 957,171 - - - - 351,494 453,037 152,640 957,171<br />

5 45,670,750 493,244 635,737 214,196 1,343,177 - - - - 493,244 635,737 214,196 1,343,177<br />

6 45,670,750 493,244 635,737 214,196 1,343,177 - - - - 493,244 635,737 214,196 1,343,177<br />

7 52,670,750 568,844 733,177 247,026 1,549,047 - - - - 568,844 733,177 247,026 1,549,047<br />

8 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

9 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

10 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

11 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

12 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

13 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

14 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

15 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

16 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

17 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

18 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

19 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184<br />

20 70,866,500 765,358 986,462 332,364 2,084,184 - - - - 765,358 986,462 332,364 2,084,184 (2)<br />

21 24,195,750 261,314 336,805 113,478 711,597 - - - - 261,314 336,805 113,478 711,597<br />

22 24,195,750 261,314 336,805 113,478 711,597 - - - - 261,314 336,805 113,478 711,597<br />

23 24,195,750 261,314 336,805 113,478 711,597 - - - - 261,314 336,805 113,478 711,597<br />

24 24,195,750 261,314 336,805 113,478 711,597 - - - - 261,314 336,805 113,478 711,597<br />

25 24,195,750 261,314 336,805 113,478 711,597 - - - - 261,314 336,805 113,478 711,597<br />

13,304,804 17,148,413 5,777,734 36,230,951 13,304,804 17,148,413 5,777,734 36,230,951<br />

37% 47% 16% 100%<br />

(1) Portions <strong>of</strong> development site currently tax exempt due to PAAC ownership.<br />

(2) TRID for Phase I expires in Year 20.

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