richard murphy - munifi for planners april 2019
Post on 07-Jun-2022
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Slide by Greg Kacvinsky, OHM, at MAP 2016
Lafayette, LA
Calibration
■ Sticky issues:– Parking lots– Common areas– Developments
with multiple parcels
■ Depiction
■ “Splitting” the data
■ Other revenues and costs
What we learnedabout our City
■ Floor area ratio drivestax value per acre■ Parking lots decrease tax value per acre■ Beautiful and new ≠ More tax revenue■ Tax value only one consideration■ Policy levers exist to boost revenue generation
– Many implemented through our new zoning ordinance
What we learnedabout the process
■ Better for generalized findings than doing parcel level comparisons
■ Maps understood best by visual learners
■ Timing
■ Sticky issues
■ Easier than expected
Ypsilanti Township Revenue Power per Acre
Neighborhood Revenue Power Comparison
Neighborhood 1 –Sherman Oaks
• Zoned R-1• SEV $5,844,600.00• Acreage 54.32 acres• 3 People / Acre • Revenue Power =
$6,968.53 per acre
Neighborhood 2 –Pineview
• Zoned R-2• SEV $13,462,000.00• Acreage 64.19 acres• 5 People / Acre• Revenue Power =
$13,579.39 per acre
Neighborhood 6 –Parkside Preserve
• Zoned PD• SEV $24,649,600.00• Acreage 50.22 acres• 17 People / Acre• Revenue Power =
$31,794.19 per acre
Neighborhood 3 –River Grove Village
• Zoned RM-2• SEV $6,546,200.00• Acreage 20.7 acres• 13 People / Acre• Revenue Power =
$20,522.53 per acre
Population Density and Revenue PowerLow
High
Neighborhood 4 –Hewitt
• Zoned R-5• SEV $57,301,100.00• Acreage 171.71 acres• 13 People / Acre• Revenue Power =
$21,602.81 per acre
Neighborhood 5 –Gault Village
• Zoned R-5• SEV $57,365,290.00• Acreage 160.97 acres• 18 People / Acre• Revenue Power =
$23,073.10 per acre
*SEV and Acreage represent the total SEV and total acreage for the entire neighborhood
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