process. Solid waste generated by this project will be removed by a private
hauler. Any construction related or operating utility expenses will be offset
through user fees. All on-site improvements will be private and all maintenance
expenses will be paid for by this project owner. This report does not intend to
infer that few costs will be incurred as a result of this project. Measurable
impacts will certainly be felt by a few City Departments, most notably the School
Department along with the Police and Fire Departments. Other City agencies will
see little or no measurable impacts.
B. Local Revenues From Development
A) Property Taxes
Local property taxes provide the bulk of municipal revenues for New Hampshire
communities. The 2020 Tax Rate for Nashua is $22.61; Figure Three outlines
the breakdown of the tax rate. For purposes of this Report, a tax rate of $21.45
will be used which excludes the County Tax Rate.
Fisure Three
Tax Rate
Schoo}
46%
Table Three outlines the anticipated municipal tax revenue that will be generated
by the proposed project. The estimated assessed value is derived from a per
unit average of the existing 564 unit Tara Heights project. Based upon the most
recent property assessment for Tara Heights, a per unit value of $128,848 was
