NVI Technical College Information

P ROPERTY A SSESSMENT AND T AX A NALYSIS 40

P ROPERTY A SSESSMENT AND T AX A NALYSIS

P ROPERTY A SSESSMENT AND T AX D ATA Properties in Indiana County are assessed at 100% of the taxable value. The following table summarizes the subject’s real property taxation and our projection of real property taxes:

REAL ESTATE ASSESSMENT AND TAXES

Tax ID No.

2022

2023

Pro Forma $10,215,400 $10,215,400 $10,215,400

10-047-101,10-047-204

$10,215,400 $10,215,400 $10,215,400 $10,215,400

Tax Value Subtotal Assessed Value @ General Tax Rate

100.00% $10,215,400 $10,215,400

per $1,000 24.7500

24.7500 $252,831

24.7500 $252,831

Property Taxes

$252,831

Special/Direct Assessments

$0

$0

$0

Total Taxes

$252,831

$252,831

$252,831

Total Taxes PSF

$0.90

$0.90

$0.90

D ELINQUENCY There are no delinquent real property taxes. Real property taxes for the 2022 tax year are payable and have been paid. School tax bills for the 2023 tax year will be mailed on August 1 st and has not yet been determined. The appraiser has included the 2022 school tax rate in the 2020 and Pro Forma analysis. A sale of the subject does not necessarily trigger a reassessment. Furthermore, the subject is located in a triple net market. Thus, any increase in taxes would pass through to the tenant, mitigating the effect on the value.

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

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