Cities Index.
Anticipated Project Tax Projections

City Council Meeting Agenda
October 28, 2024

Document
Anticipated Project Tax Projections
Meeting
October 28, 2024
Body
City Council Meeting Agenda
Original file
46 KB
Text extracted from the city's file for reading and search. Open the original on culver-city.legistar1.com. That file is the official record.

WASHINGTON & CENTINELA TAX TABLE
10/9/24
Stablized Year Tax Revenue Estimated to be
Received by the City (2024 $)
Property Tax $21,900
Sales Tax 127,000
Business Tax 10,900
Total $159,800

Total Projected Tax Revenue to be Received by the City
Years of Operation
10 20 30
Property Tax $275,000 $587,000 $968,000
Sales Tax 1,639,000 3,841,000 6,800,000
Business Tax 141,000 330,000 584,000
Total $2,055,000 $4,758,000 $8,352,000

Net Present Value of the Projected City Tax Revenue
at a 6% Discount Rate
Years of Operation
10 20 30
Property Tax $183,000 $296,000 $373,000
Sales Tax 1,058,000 1,852,000 2,448,000
Business Tax 91,000 159,000 210,000
Total $1,332,000 $2,307,000 $3,031,000

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