The numbers on the attached spreadsheet are hypothetical, so please don’t use it as fact. It was made my a reader trying to figure out what a ‘developed superblock’ share would be with no tax abatement.
“Tried to figure out the 25 year Tax schedule at Full Taxes. I took the same 1.66% increase iStar uses, but we all know that taxes in Long Beach go up more than that usually…If these numbers are even close to accurate the City of Long Beach is getting a very bad deal, so are the taxpayers of Long Beach. If these numbers are even half correct, if this development paid their “fair share” it would be a game changer for Long Beach and would pump a considerable amount of tax money back into the city coffers and into the potholes and other city infrastructure issues… -LOVE MY CITY