Land Use Information [1]
Duets 3 Story TH
4 Story TH ‐
Affordable
4 Story TH
<2,000sf
4 Story TH
>2,000sf
3 Story
Interlocking
Workforce ‐
Affordable
Workforce ‐
Market Rate
<1,200sf
Workforce ‐
Market Rate
>1,200sf Total/Average
Number of Units 6 0 1 1 02 5 55 79 04 23 13 1 4 7 8
Unit Square Footage 2,363 2,252 1,566 1,564 2,299 1,944 1,262 1,178 1,526 1,928 Estimated Sales Price $1,428,817 $1,258,338 $455,000 $935,175 $1,159,200 $1,085,992 $414,568 $702,355 $824,613 1,056,595 $ Ad‐Valorem Property Taxes [2] Rate
General Property Tax 1.0000% 14,218$ 12,513 $ 4,480 $ 9,282 $ 11,522$ 10,790 $ 4,076 $ 6,954 $ 8,176 $ 10,496 $ County GO Bond 0.0089% 127$ 111 $ 40 $ 83 $ 103$ 96 $ 36 $ 62 $ 73 $ 93 $ City of Alameda 0.0205% 291$ 257 $ 92 $ 190$ 236 $ 221 $ 84 $ 143$ 168 $ 215 $ Alameda Unified School District 0.1236% 1,757$ 1,547$ 554$ 1,147$ 1,424$ 1,334$ 504$ 859$ 1,011$ 1,297$ Peralta Community College 0.0394% 560$ 493 $ 177 $ 366 $ 454 $ 425 $ 161 $ 274 $ 322 $ 414 $ Bay Area Rapid Transit 0.0148% 210$ 185 $ 66 $ 137$ 171 $ 160 $ 60 $ 103$ 121 $ 155 $ East Bay Regional Park 0.0013% 18$ 16 $ 6 $ 12$ 15 $ 14 $ 5 $ 9 $ 11$ 14 $ Total Ad‐Valorem Property Taxes 1.2085% 17,183 $ 15,122 $ 5,414 $ 11,217$ 13,924 $ 13,040 $ 4,925 $ 8,403 $ 9,881 $ 12,684 $ Special Taxes and Assessments
City Sewer Service 375$ 375 $ 375 $ 375 $ 375 $ 375 $ 375 $ 375 $ 375 $ 375 $ Mosquito Measure K 1982 2 2 2 2 2 2 2 2 2 2 CSA Paramedic 40 40 40 40 40 40 40 40 40 40 Vec Cntrl MSR A 84 6 6 6 6 6 6 6 6 6 6 Healthcare Dist 298 298 298 298 298 298 298 298 298 298 School Measure B1 (A Parcel Tax Extension) ($0.32/SF) [3] n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a AUSD Measure A ($0.265/SF) [4] 626 597 415 414 609 515 334 312 404 511 School Measure B [8] 643 566 205 421 522 489 187 316 371 475 CSA Lead Abatement [5] 10 10 10 10 10 10 10 10 10 10 Peralta 2018 Measure E 48 48 48 48 48 48 48 48 48 48 SFBRA Measure AA 12 12 12 12 12 12 12 12 12 12 HAZ Waste Program 8 8 8 8 8 8 8 8 8 8 Vector Control Asmt 6 6 6 6 6 6 6 6 6 6 Mosquito Assessment 2008 3 3 3 3 3 3 3 3 3 3 East Bay Regional Park (EBRP) Park Safety/Measure CC 12 12 12 12 12 12 12 12 12 12 Water Quality and Flood Protection Fee 87 87 87 87 87 87 87 87 87 87 AC Transit Measure VV 96 96 96 96 96 96 96 96 96 96 Alameda Point Public Services District (CFD 17‐1) [6] 2,162 2,162 ‐ 2,162 2,162 2,162 ‐ 1,374 1,374 1,861 East Bay Municipal Utility District (EBMUD) Wet weather [7] 230 230 230 230 230 230 230 230 230 230 East Bay Trail LLD 5 5 5 5 5 5 5 5 5 5 Urban Runoff 56 56 56 56 56 56 56 56 56 56 Placeholder Infrastructure CFD 3,800 2,900 ‐ 1,300 2,400 2,050 ‐ 975 1,550 2,130 Total Special Taxes and Assessments 8,525$ 7,519$ 1,913$ 5,591$ 6,987$ 6,510$ 1,815$ 4,271$ 4,992$ 6,271$ Total Tax Burden 25,708$ 22,641$ 7,327$ 16,808$ 20,911$ 19,549$ 6,740$ 12,674$ 14,873$ 18,955$ Tax Burden as % of Assessed Value 1.80% 1.80% 1.61% 1.80% 1.80% 1.80% 1.63% 1.80% 1.80% 1.79% Footnotes:
[2] Tax rates are based on information provided by Alameda County's Auditor‐Controller for Tax Rate Area 21‐005 for FY 2024/25. [3] School measure B1 will not increase over time and is scheduled to sunset in 2025. As requested by the client, it has been excluded form this analysis. [5] CSA Lead abatement is a flat rate of $10 per unit per April Williamson at Alameda County Lead Abatement Department. [7] EBMUD is based on lot square footage. All lots in development are considered" small lots" (<5,000 SqFt). [8] Measure B was passed by voters on 6/7/2022 and levies an assessment of $45 per $100,000 in assessed value. [4] AUSD Measure A was repealed by the Alameda Supreme Court in April of 2022 (originally scheduled to sunset in 2027). The previously assessed amount is being included in this calculation for the following reasons: Historically, there has always been a AUSD Measure, the school district intends to appeal the courts decision, over the course of development but prior to project completion, there is likely to be a similar assessment introduced resulting in a comparable rate. For these reasons, the current AUSD Measure A remains as a conservative placeholder.
[6] Alameda Point CFD 17‐1 was adopted March 7th, 2017 with no sunset date. $1,920 represents the estimated total special tax per dwelling for Zone 2, according to a Keyser Marston Associates, Inc. report dated 6/8/2022. The assessment is indexed for the greater of:
inflation or 2% annually. The project location is currently listed as a future annexation area and would need to be successfully annexed into CFD 17‐1 prior to building permit issuance. Per CFD‐171 RMA, each tax zone has a maximum special tax amount for each description of property type, ranging from $0 to $2,858 specifically for zone 2 properties. [1] Average unit square footage and estimated sales pricing based on information provided by the Developer.
Table 2
City of Alameda
West Midway Project
Annual Special Taxes and Assessments (2024/25)
Prepared by DPFG 1 of 1 4/29/2025
EXHIBIT 3