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Smith County - Public Hearing. TRZ Description & Boundary. Based initially from 1-mile off centerline for Toll 49 alignment Included all GIS parcels for TRZ boundary if the center of the parcel was within the TRZ buffer boundary

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Smith county public hearing
Smith County - Public Hearing

TRZ Description & Boundary

  • Based initially from 1-mile off centerline for Toll 49 alignment

  • Included all GIS parcels for TRZ boundary if the center of the parcel was within the TRZ buffer boundary

  • Identified properties likely owned by public sector and nontaxable

  • Adjusted boundary to include / exclude parcels

    • Approximately 11,600 parcels and 69,400 acres

  • TRZ parcels were allocated into three broad categories

    • Identified (11,300 parcels and 66,400 acres)

    • Non Taxable / Exempt (270 parcels and 2,600 acres)

    • Unidentified (50 parcels and 360 acres)


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Smith County - Public Hearing

TRZ Boundary “Buffer”


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Smith County - Public Hearing

TRZ Boundary & Parcels


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Smith County - Public Hearing

TRZ Taxable Value – Smith County Appraisal District

*The Other land use category incudes utilities, mobile homes, residential inventory, and parcels that matched but the land use data was missing from the appraisal database.


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Smith County - Public Hearing

TRZ Boundary & Parcels by Land Use (2013)


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Smith County - Public Hearing

TRZ Revenue Forecast Assumptions

  • Assumed 25 year forecast period

    • Allocated 50% of tax revenue to the TRZ

    • Two tax rates were applied for the forecast period:

    • Constant 2012 tax rate ($0.323564 per $100 valuation)

    • Tax rate based on 20 year historic trend

    • Used a 5.0 percent discount rate as part of the net present value calculation

  • Developed three major growth scenarios for TRZ

    • Scenario 1 represents the baseline forecast.

    • Scenario 2 assumes Toll 49 is built over the next 5 to 10 years.

    • Scenario 3is consistent with the growth of the study area as whole between 1990 and 2010.


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Smith County - Public Hearing

TRZ Revenue Forecast by Scenario @ 50% Allocation

  • Over 25 years at a constant tax rate, the TRZ is projected to generate between $30.8M and $40.9M

  • Using a discount rate of 5 percent, the TRZ is projected to generate between $12.9M and $16.9M over this same period.


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