One building in the Heritage Oaks Commerce Park takes up about 2 acres, which is the equivalent acreage for six homes in Nature Trail.
Which one pays more property taxes? The commerce park building.
One Navy Federal Credit building generates nearly three times of property taxes, even with EDATES, than homes in Nature Trail using the same acreage.
The three highest assessed buildings in Heritage Oaks Commerce Park paid a total of $375,962 ad valorem taxes after their EDATES. Without EDATE, Navy Federal would have paid about $692,741.
The average for the buildings would be $125,320.63 paid on 1.82 acres.
|$ 15,603,502.0||$ 10,260.80||1.86|
|$ 15,785,846.0||$ 237,562.90||1.98|
|$ 19,474,218.0||$ 128,138.18||1.61|
|Total||$ 50,863,566.0||$ 375,961.88||5.45|
|Avg||$ 16,954,522.00||$ 125,320.63||1.82|
We looked at the six highest assessed homes on Foxtail Loop in Nature Trail. The homes totaled 2.06 acres. Taxes paid $36,441 – 29% of the net paid by Navy Federal for one building on same amount of land.
|$ 554,668.00||$ 7,146.92||0.35|
|$ 450,171.00||$ 6,256.48||0.34|
|$ 502,742.00||$ 6,972.48||0.34|
|$ 433,191.00||$ 5,492.44||0.36|
|$ 421,464.00||$ 5,332.72||0.34|
|$ 414,664.00||$ 5,240.09||0.33|
|Total||$ 2,776,900.00||$ 36,441.13||2.06|