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Table X- 13 <br /> Vacant Land Value Percentage( ' ) <br /> Unincorporated County Vacant Land Value $ 732 ,617 , 920 <br /> Unincorporated County Total Property Value(2) $ 6 , 59653511608 <br /> Vacant Land Value as a Percentage of Total Property Value (3) 11 . 11 % <br /> Percent of General Fund/MSTU Capital Expansion Projects(4) 1 . 48% <br /> Effective Vacant Land Value Percentage(5) 0. 16 % <br /> ( 1 ) Source : Property Appraiser, IRC <br /> (2) Includes structures . <br /> (3 ) Vacant Land Percent = $732 ,617 ,920/$6 ,596 ,351 ,608 <br /> (4) Source : Table X- 11 <br /> (5 ) Vacant land value as a percentage of total property value (Item 3 ) multiplied by the percent of <br /> general fund and MSTU-funded capital expansion projects (Item 4). <br /> The total credit of $351 per resident is presented in Table X- 14, and is equal to the <br /> addition of the present value of the revenue credit per resident and the vacant land credit . <br /> (This space intentionally left blank) <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 1 X-20 Impact Fee Study <br />