Property Tax Revenue

Estimated annual tax revenue from the development of the Marshall Tract is shown below:

• Undeveloped - $106
• Residential ($700,000 to $1,000,000 per house) - $1.2M to $1,7M
• PUD - $3M

Of particular interest is the Eanes ISD revenue, because the residential option will add more children to the school district. A residential development will generate between $609K and $870K in tax revenues for Eanes ISD, the PUD will generate $1.5M.

 

According to the Eanes ISD budget for 2014 - 2015, the state will recapture 47% of Eanes ISD revenue (Robin Hood). In addition, the state will pay Eanes ISD $973 per student.

The net of this is that if the Marshall Tract residential development has as many children as the average household in Zip 78746, 2.3, the following results:

• Eanes ISD budgets $8,260 per student after the recapture and additional state funding.
• The Marshall Tract residential development will generate between $2,840 and $3,640 per student after recapture and additional state funding.

The Eanes ISD budget for 2014 - 2015 shows a deficit of $4.1M. The $1.5M from the PUD is going to look attractive.