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Table 1: Information Obtained from Orange County Tax <br />Assessor's Office 11/25/98 <br />1. Total OWASA land owned in OGVF tax district (acres): <br />2. Total number of OWASA parcels: <br />3. Average OWASA parcel size (acres): <br />4. Percent of OGVF tax district under market value assessment <br />5. Percent of OGVF tax district under use value assessment <br />6. Base market value of undeveloped property ($ /acre): <br />7. Adjustment factor for 22 -acre parcels: <br />8. Adjusted market value of undeveloped property ($ /acre): <br />9. Estimated market value of OWASA property <br />in OGVF tax district = 2927 acres @ $3,100 /acre: <br />10. Use value of undeveloped property in OGVF tax district ($ /acre): <br />2927 <br />133 <br />22.0 <br />54.1% <br />45.9% <br />$10,000 <br />0.31 <br />$3,100 <br />$9,073,700 <br />$200 <br />For estimating potential tax value, apply the district wide proportions of property <br />under market value (54.1 %) and use value (45.9%) to OWASNs 2927 acres: <br />11. 54.1% x 2927 acres @ $3100 /acre market value portion: $4,910,686 <br />12. 45.9% x 2927 acres @ $200 1acre = use value portion: $268,582 <br />13. Total estimated tax value of OWASA property in OGVF district: $5,179,268 <br />14. 1998 OGVFD tax rate = $0.044 per $100 valuation: <br />Estimated fire district tax on OWASA property under three different valuations: <br />15. 100% market value: <br />16. 54.1 % market value, 45.9% use value: <br />1, <br />17. 100% use value: <br />$3,992 <br />$2,279 <br />$258 <br />7 <br />17.4 <br />