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Tax Allocation Increment Base Value (M)*

On or before December 30, 2013, the Augusta-Richmond County Commission will apply to the Georgia State Revenue Commissioner for a determination of the tax allocation increment base of the proposed tax allocation district. As a part of this process, the commission will amend Augusta's Tax Allocation District #1 to delete the parcels from which this TAD #4 has been created. These parcels will then be included in the determination of the tax allocation increment base for the TAD #4. The base assessed value for all parcels in TAD #4 is estimated in the following table.
Augusta Tax Allocation District #4 Parcel Information, 2013

Total Number of Parcels Total Area

(1)

1,098
Approximately 339.20 acres

Total Assessed Value (40%) of Taxable Parcels in the Augusta TAD #4

$129,079,156

Total Assessed Value (40%) of Taxable Parcels in all TADs(2)

$340,636,115

Total Assessed Value of Taxable Parcels in Augusta-Richmond County $3,804,705,958 Value of TAD 4 as a Percent of Augusta/Richmond County's Total Tax Digest 3.393% Value of all Augusta TADs as a Percent of Total Tax Digest (2013 values)

8.953%

(1) Tax exempt and utility properties are not reflected in that total (total number of parcels 1324) (2) Includes parcels in TAD 1, TAD 2,TAD 3 and TAD 4 based on 2013 taxable values

By Georgia law, tax allocation districts are allowed to make up no more than ten percent of a city or county's total tax digest. At the time of creation Augusta's TAD #1, approved in 2008, was valued at 9.4 percent of the City of Augusta's total tax digest; Augusta's TAD #2 approved in 2010 was valued at 0.17 percent; and Augusta's TAD #3 approved in 2011 was valued at 0.0075 percent of this tax digest. Any tax parcels that were formerly included in Augusta/Richmond County's TAD #1 have been amended out of that tax allocation district and are now a part of the new TAD #4, creating no appreciable change in the total assessed value of taxable parcels as a percent of the Augusta/Richmond County's total tax digest. TAD #4 is therefore well within the allowable limit.
Total Property Taxes Collected within the Tax District that will serve as the Increment Base

(Total Assessed Value of Taxable Property) $129,079,156 x (Usable Millage) .1681

Laying the Groundwork for Strategic Investments & Growth

Item 4 Page # 24