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• <br />• <br />Indian River County 1 Impact Fee Update Study <br />• <br />Table F-9 <br />Land Value Analysis - Libraries <br />1' x,. Source: Ind awn River"CounPro ert A raiser Database <br />) �:. Y�:P Y Pp <br />Parks: - It <br />Indian River County's parks inventory includes parcels ranging from 0.3 acres to 140 acres. <br />As such, a more detailed landvalue analysis was conducted, as shown in Table F-10. The <br />1430 <br />value of current inventory averages $31,000 per acre. Given that the land values and sales <br />A <br />for different acreage groupings range from $17,000 per acre to $100,000 per acre, an <br />average value of $50;000'per acre is found to be a reasonable estimate for impact fee <br />calculation purposes. This represents a 45 percent increase from the 2005 study and a 10 <br />percent decrease from the 2007 study. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />F-14 Impact Fee Update Study <br />Variable(1) <br />Value of Current Parcels <br />_ <br />Year <br />Average Land <br />Value per Acre <br />$38,929 <br />_____ <br />2013 <br />Value of Vacant Land: <br />West 1RC - Residential <br />- 4 to 6 acres <br />2013 <br />$12,855 <br />West IRC - All Land Uses <br />-4to6acres <br />2013`' <br />$15,727 <br />Countywide - Residential <br />. 4 <br />- 4 to 6 acres_ <br />e�'�;�2013�.>. <br />$21,884 <br />Countywide - All Land Uses <br />-4to6acres <br />n 4.1-' <br />2013 <br />$26,741 <br />Vacant Land Sales:` <br />West IRC- Residential <br />- 4 to 6 acres <br />L2010, 201 <br />$43,238 <br />West IRC - All Land Uses., <br />Ne <br />- 4 to 6 acres : ° , <br />201012012 <br />$51,252 <br />Countywide <br />- Residential` <br />en <br />- 4 to 6 acres <br />g <br />2010-2012 <br />hs <br />$42,109 <br />�A114Land Uses �� <br />a ,..;,... <br />.� <br />(4;Countywide <br />- 4 to&,6ac a <br />,ms`s <br />$49,868 <br />2010¢2012 <br />Used in the Study ; <br />2013 <br />$50,000 <br />1' x,. Source: Ind awn River"CounPro ert A raiser Database <br />) �:. Y�:P Y Pp <br />Parks: - It <br />Indian River County's parks inventory includes parcels ranging from 0.3 acres to 140 acres. <br />As such, a more detailed landvalue analysis was conducted, as shown in Table F-10. The <br />1430 <br />value of current inventory averages $31,000 per acre. Given that the land values and sales <br />A <br />for different acreage groupings range from $17,000 per acre to $100,000 per acre, an <br />average value of $50;000'per acre is found to be a reasonable estimate for impact fee <br />calculation purposes. This represents a 45 percent increase from the 2005 study and a 10 <br />percent decrease from the 2007 study. <br />Tindale -Oliver & Associates, Inc. <br />January 2014 <br />Indian River County <br />F-14 Impact Fee Update Study <br />