For this case, an actual apartment complex was selected in downtown Everett.
10 years old, 6 units, each unit is a 2 bedroom apartment.
As of 2020, the complex has an Assessed Value (AV) of $1.331M
Therefore each 2 bedroom unit has an equivalent AV of $1.331M / 6 = $222,000
Property taxes are usually paid out of each renter’s rent.
That was done in this analysis.
2a) Projected Property Tax Collection Plan for Just the 2020 Bond
2b) Projected Property Tax Collection for Local School Taxes
2c) Projected Property Tax Collection for All School Taxes