I am working on an impact analysis for a large commercial/retail development (that is being proposed) and I am having a hard time figuring out the correct tax impacts. The client is especially interested in the property tax impacts. I have a few questions in two areas: 1. Right now I have included the TOPI: Property Taxes in the local property tax impact. We have no state property tax, so it should be correct to add this in as a property tax impact, correct? Or....do local governments not consider this to actually be property tax revenue? Can someone explain how to interpret TOPI:Property Tax?? From reading and reading online it seems as though this is indirect business tax revenue. Could someone explain how this translate to property tax revenue? 2. Do the tax impacts include the property taxes that would be paid on the actual property itself? If so, they seem VERY low in this case. I'm wondering if it doesn't include estimates of the property tax burden for the property itself, but instead calculates the property taxes that would result from the increased economic activity. HELP!!!!
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