Laserfiche WebLink
• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Table F-9 <br />Land Value Anal sis - Libraries <br />- <br />Variable")Year <br />Value of Current Parcels <br />- <br />2013 <br />— <br />Average <br />Value <br />- - <br />Land <br />per Acre <br />$38,929 <br />Value of Vacant Land: <br />West IRC Residential <br />'4to6acres <br />2013 <br />$12,855 <br />West IRC - AliLand Uses <br />4to6acres <br />2013' <br />/ <br />$15,727 <br />Countywide - Residential <br />./- i-‘,-'|' <br />4to6acres. <br />'' 2013' - ' <br />$21,884 <br />Countywide ' All Land Uses <br />/' <br />/` <br />\ <br />'4�o6acne� <br />//.�`� <br />ZO1] <br />� <br />��26741 <br />Vacant Land Sales: (. <br />''7 <br />~\` <br />West IRC - Residential <br />::'^^� <br />_ <br />' <br />4to6acres <br />'^.` <br />^" <br />.u/�~zv��' <br />�4� ' <br />- _��o',_ <br />West IRC ' All Land »'^.' `~`` <br />` �/� <br />-",\; <br />- 4 to 6 acres ,' "}` ' <br />$51252 <br />Countywide - Residen'`: .` <br />.~ <br />- 4 to 6 acres <br />�2-^'I010'2012 <br />$42109 <br />Countywide ' All rand Uses \'-, <br />'' <br />�`' <br />'^ <br />'4tn6a�res `�` <br />'': <br />• '� <br />0—` <br />.2010L2012 <br />$49868 <br />Used|nthStudy � ' <br />� '` <br />2013 <br />8U - Source: Indian Riye' County Property APpriserDat base <br />' <br />`— <br />- <br />"'° <br />-'' <br />`^� <br />'`' ` <br />Parks `.`,�.\ ` <br />` ���'|ndian County'sparks-inventory ,includes parce <br />|s ranging from 0.3 acres to 140 acres. <br />As such, a 'thor,e detailed landlwalue anqlysis was conducted, as shown in Table F-10. The <br />�` `,- <br />x <br />value of curresnt inventory aver6ges $31,000 per acre. Given that the land values and sales <br />for different acreagegrouping <br />range from $17,000 per acre to $100,000 per acre, an <br />average value of $S[\OUO Per acre is found to be a reasonable estimate for impact fee <br />calculation purposes. This''epresentsa 45 percent increase from the 2005 study and a 10 <br />percent decrease from the 2007 study. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 <br />F-14 Impact Fee Update Study <br />