Descriptive Name
Value of Real Property

Analysis Level
Required for all levels

Definition
This variable records the value of real property on which property taxes are based. It consists of land values plus improvements. This value may not be the same as the investment made for the project. There is one value for each year of the analysis.

How its Used
Enters the calculations as a tax revenue.

How to Estimate it or Where to Get It
The local tax assessors office can provide guidance on how the property might be appraised for tax purposes and how it would be depreciated over time. Prospect provided.


Descriptive Name
Value of Equipment and Furnishings

Analysis Level
Required for all levels

Definition
This variable records the value of furnishings and equipment for use in the calculation of personal property tax expected from the facility. This value may be different from the level of investment in these items. There is one value for each year of the analysis.

How its Used
Enters the calculations as a tax revenue.

How to Estimate it or Where to Get It
The local tax assessors office can offer guidance on their assessment policies and how the property would be depreciated. Prospect provided.


Descriptive Name
Value of Inventory

Analysis Level
Required for all levels

Definition
This is where the value of inventory subject to personal property taxation expected from the project is entered. Inventory is separated from other personal property because many communities offer freeport-type exemptions applicable to inventory. There is one value for each year of the analysis.

How its Used
Enters the calculations as a tax revenue.

How to Estimate it or Where to Get It
The local tax assessors office should be consulted to determine the appropriate taxable value based upon the level of inventory expected at the facility. Prospect provided.