How much tax revenue will the building generate?
Potential tax revenue generated by our building, paid to Boulder County and shared with municipalities includes the following: • Sales Tax There is no way to forecast the extent of taxable retail activity to occur in the buildings commercial space. We can say that whatever sales tax is produced will be a bonus to the town because the building generated almost no tax for nearly two decades. Sensing that some people may be unaware of the retail and sales tax history of 422 Main Street, we have included a brief synopsis here. • Property Tax (tax on real estate) Unlike sales tax, this one can be projected. Based on preliminary estimates of property values, Pat Roberts of Boulder County Assessors Office helped compute an estimated annual tax of $40,000 to be generated by the building. • Personal Property Tax (tax on a companys business inventory, leasehold improvements and physical assets) – Just as there is no way to anticipate the mix of tenants in street level commercial space, there is
