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1 <br /> II <br /> The last area studied was that on US route 86 across from <br /> I the new Piedmont Power building. Here again are the <br /> results: <br /> I Sale Stamp Bldg. Tax incr. <br /> Parcel Date Value Size Land/Bldg. $/SF <br /> 4.45J. . 1 5/85 $27, 500 1008SF 37%/44% $27.28 <br /> II4.45J. .6 5/84 $45, 000 1050SF 45%/58% $42.86 <br /> 1 4.45N. . 1 12/86 $64, 000 916SF 45%/62% $69.87 <br /> 10/85 $58,000 916SF $63.32 <br /> 1 4.45Q. .2 10/87 $78,500 736SF $106.66 <br /> 6/87 $10,500 lot <br /> 4.45J. .4 6/87 $43, 000 1173SF $36.66 <br /> 1 9/83 $36,500 1173SF $31. 12 <br /> 4.45J. .8 4/87 $58, 000 1120SF $51.79 <br /> 1 10/83 $43,000 1120SF $38.39 <br /> Again there were sales which were selected to show that <br /> II there was an increase in values during and after the change <br /> in land use to industrial in the immediate area. The last <br /> sale showed an increase of 35% from before the industry to <br /> after, or about an 8.7% per annum. The next to last sale <br /> 1 showed an increase of 18% total (4.5% per annum) and the <br /> other sale about 10% (10% per annum) for an overall mean of <br /> about 21% (7.7% per annum) . The tax value increases are as <br /> Ifollows: <br /> Land value (tax) increase: <br /> I mode - 45% <br /> mean 42% <br /> Building value (tax) increase; <br /> I mode - none <br /> mean 55% <br /> 1 The area around the Chandler plant produced the following <br /> values: <br /> Land value (tax) increase: <br /> IImean 41% <br /> Building value (tax) increase: <br /> Imean - 26% <br /> I CAPEWELL & CAPEWELL, INC. <br /> Real Estate Appraisers - Consultants <br /> I <br />