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APPENDIX: CONTENTS OF A TEXAS TRZ VALUE CAPTURE STUDY
The Texas Department of Transportation generally seeks the inclusion and consideration of certain content items in TRZ capacity analysis submissions to the state infrastructure bank (58). These items are listed below:
- Clear overview of the zone, map, zone delineation, parcel listing (if available)
- List of Participating local governments considering a TRZ for the project (city, multiple cities, etc.)
- Assumptions of the study:
- The percentage of the property tax value increment in the Zone that is under consideration by the local government
- Number of years included in the analysis
- Assumed base year of establishment of the TRZ
- Parcel analysis, including zoning types considered and current breakdown of zoning included in the potential TRZ (e.g., residential, commercial, etc.)
- The netting out of existing properties that would not contribute to the revenues (i.e., other TIRZ, TIF, abatement agreements, or tax-exempt property)
- 30 years of revenue estimates, including a cash flow table in both nominal and NPV figures
- Historical property value growth trend analysis, based on Central Appraisal District data
- Multiple economic growth models (i.e., pessimistic, base, and optimistic revenue estimate scenarios)
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