In a follow up to Troutdale's discussion on providing tax breaks to a proposed FEDEX move to the old Reynolds Metals site, The Tax Supervising and Conservation Commission (TSCC) just issued a "City of Troutdale Enterprise Zone Tax Abatement Analysis". The TSCC stated that, "It should be noted that these are very rough estimates based on limited information. The actual property taxes that would be abated could vary by as much as 20 percent from what is presented in this analysis."
Here are the TSCC numbers:
Tax Abatement, Valued as Industrial:
Three Year EZ Exemption Period; $ 4,008,817
Five Year EZ Exemption Period; $ 6,624,773
Tax Abatement, Valued as Commercial:
Three Year EZ Exemption Period; $ 2,132,991
Five Year EZ Exemption Period; $ 3,663,767