Overview of Westfield-Washington Township Real Estate Inventory
This report provides detailed insights into the residential and nonresidential inventory of Westfield-Washington Township as of March 13, 2023. It includes information on acreage breakdown, gross assessed value, tax revenue, existing vs. expected residential units, nonresidential zoned acreage, and more. The data showcases the current status and future developments within the township.
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Westfield-Washington Residential and Nonresidential Inventory March 13, 2023 (Data as recent as March of 2022)
Recap Inventory so far: Residential Nonresidential Moving forward: Westfield-Washington Township (WWT) Acreage and its breakdown Gross Assessed Value (GAV) Tax Revenue 2
Westfield-Washington Township (WWT) 216th St US 31 Hamilton Boone County Line Rd Gray Rd SR 32 146th St 3
Westfield-Washington Township (WWT) Approximately 56 Square Miles 35,826 Acres Residential Nonresidential Right-of-Way (ROW) Agricultural Land Park Land 4
Terminology Gross Assessed Value (GAV) GAV: Property value prior to any deductions. Tax Revenue (TR) TR: Revenue generated from taxes. 5
Total Residential: Single-family and Multi-family StZ = Straight Zoned PUD = Planned Unit Development) (SF = Single-family MF = Multi-family TOTAL RESIDENTIAL: EXISTING VS EXPECTED UNITS 22,011 units exist today (they have already been built) 4444 Expected (Construction Not Started) 15% 9,680 units do not exist, but are approved to be built 4,740 SF 1,428 (30%) MF 3,312 (70%) Expected (Completing Construction) 16% 10,896 (StZ-34%) SF 9,384 (86%) MF 1,512 (14%) 4,940 917.4 SF units / year SF 4,589 (93%) MF 351 (7%) 210.2 MF units / year Existing (100% Built) 56% (17,888) SF 13,801 (77%) MF 4,087 (23%) 4,123 6,992 (PUD-22%) SF 4,417 (63%) MF 2,575 (37%) SF 3,486 (85%) MF 637 (15%) Existing (Not 100% Built) 13% 6
Nonresidential Stock: Acreage (DDP = Detailed Development Plan StZ = Straight Zoned PUD = Planned Unit Development) NONRESIDENTIAL ZONED ACREAGE Total acreage of nonresidential land = 4,865 acres Not Platted 19% 648 Lots have been platted, so far 545 Lots have approved DDPs (2,393 acres) 103 Lots do not have approved DDPs (427 acres) 933 2,393 (DDP-49%) PUD-712 (15%) StZ-1,681 (34%) 1,112 427 Lots 58% (2,820) (No DDP-9%) PUD-281 (6%) StZ-146 (3%) Blocks 23% so far (1,112 acres) 61 Blocks have been platted, 933 acres has not been platted, so far 7 *Disclaimer* Not all DDPs will get built. Just because they are approved does not mean they will build.
Total nonresidential Lot acreage 2,820 acres Nonresidential Stock: Total (DDP and No DDP) (DDP and No DDP) 23% of nonresidential land is Retail 651.84 acres (DDP = Detailed Development Plan) LOTS ACREAGE BY LAND USE 9% of nonresidential land is Office 257.78 acres Vacant 10% Retail 23% 15% of nonresidential land is Ed. Inst. 410.54 acres 284.63 Other 19% 651.84 528.86 8% of nonresidential land is Rel. Inst. 233.87 acres 257.78 Office 9% 16% of nonresidential land is Industrial 452.36 acres 452.36 410.54 233.87 19% of nonresidential land is identified in the Other category 528.86 acres Industrial 16% Ed. Inst. 15% 10% of nonresidential land is Vacant 284.63 acres Rel. Inst. 8% 8 8
Westfield-Washington Township (WWT) Acreage Breakdown Total 35,826 acres (SF = Single-family MF = Multi-family) 14% of all land in WWT is nonresidential = 4,864 acres Retail 2%, Office 1%, Ed. Inst. 1%, Rel. Inst. 1%, Industrial 1%, Other 1%, Vacant 1%, Blocks 3%, Not Platted 3% WESTFIELD-WASHINGTON TOWNSHIP ACREAGE 1% 8% 14% 556 3,018 4,864 39% of all land in WWT is residential = 13,876 acres SF 37%, MF 2% 13,472 13,876 38% of all land in WWT is agricultural = 13,472 acres 38% 8% of all land in WWT is dedicated Right-of-Way (ROW) = 3,018 acres 39% 1% of all land in WWT are parks = 556 acres 9 *<1% Miscellaneous*
WWT vs. Corporate Limits (WWT = Westfield Washington Township Corp. = Corporate GAV = Gross Assessed Value) Acreage: Total WWT = 35,826 Total Corp. = 20,957 GAV: Westfield Acreage Total WWT = $8,085,884,700 Total Corp. = $7,799,751,150 16000 13876 13472 14000 WWT Nonresidential = 4,864 Corp. Nonresidential = 3,940 WWT Nonresidential = $872,047,400 Corp. Nonresidential = $842,196,950 11623 12000 10000 WWT Residential = 13,876 Corp. Residential = 11,623 WWT Residential = $7,131,793,000 Corp. Residential = $6,932,563,400 8000 6000 4864 3940 4000 3018 WWT Agricultural = 13,472 Corp. Agricultural = 2,481 WWT Agricultural = $80,933,600 Corp. Agricultural = $23,910,100 2616 2481 2000 556 264 0 Nonresidential Residential Agricultural ROW Parks Westfield-Washington Westfield Corp. 10
WWT vs. Corporate Limits (WWT = Westfield Washington Township Corp. = Corporate) Acreage: Total WWT = 35,826 Total Corp. = 20,957 WESTFIELD CORPORATE VS TOWNSHIP ACRES = (Solid Color) Corporate Parks - 1% (Corp: 48% Twp: 52%) Nonresidential - 14% (Corp: 81% Twp: 19%) ROW - 8% (Corp: 87% Twp: 13%) = (Striped Color) Township WWT Nonresidential = 4,864 Corp. Nonresidential = 3,940 291 402 264 3,940 925 2,616 WWT Residential = 13,876 Corp. Residential = 11,623 10,991 WWT Agricultural = 13,472 Corp. Agricultural = 2,481 11,623 Residential - 39% (Corp: 84% Twp: 16%) 2,481 2,253 Agricultural - 38% (Corp: 18% Twp: 82%) 11
WWT vs. Corporate Limits (WWT = Westfield Washington Township Corp. = Corporate) = (Solid Color) Corporate WESTFIELD CORPORATE VS TOWNSHIP ACRES Parks - 1% (Corp: 48% Twp: 52%) ROW - 8% (Corp: 87% Twp: 13%) Nonresidential - 14% (Corp: 81% Twp: 19%) Westfield Acreage = (Striped Color) Township 402 291 3,940 16000 2,616 264 925 13876 13472 14000 11623 12000 10,991 10000 11,623 8000 4864 6000 3940 Residential - 39% (Corp: 84% Twp: 16%) 3018 4000 2616 2481 2,481 2,253 2000 556 264 0 Nonresidential Residential Agricultural ROW Parks Agricultural - 38% (Corp: 18% Twp: 82%) Total Westfield Corp. 12
Not Platted 19% Westfield-Washington Township (WWT) Inventory Breakdown (SF = Single-family DDP = Detailed Development Plan MF = Multi-family PUD = Planned Unit Development) 933 2,393 (DDP-49%) 1,112 Lots 58% (2,820) 427 Blocks 23% (No DDP-9%) WESTFIELD-WASHINGTON TOWNSHIP ACREAGE *Acres* 1% 8% 14% Parks 556 Expected (Construction Not Started) 15% ROW 3,018 Nonresidential 4,864 Expected (Completing Construction) 16% 4,740 775 10,896 (StZ-34%) SF 9,384 (86%) MF 1,512 (14%) 1,208 SF 1,428 (30%) MF 3,312 (70%) 4,940 Agricultural 13,472 2,237 SF 4,589 (93%) MF 351 (7%) Residential 13,876 9,656 4,123 6,992 (PUD-22%) SF 4,417 (63%) MF 2,575 (37%) SF 3,486 (85%) MF 637 (15%) 38% Existing (100% Built) 56% (17,888) SF 13,801 (77%) MF 4,087 (23%) Existing (Not 100% Built) 13% 39% *Lots* 13 13
Not Platted 19% Westfield-Washington Township (WWT) Inventory Breakdown (SF = Single-family DDP = Detailed Development Plan MF = Multi-family) 933 2,393 (DDP-49%) 1,112 Lots 58% (2,820) 427 Blocks 23% (No DDP-9%) WESTFIELD-WASHINGTON TOWNSHIP ACREAGE 1% 8% 14% Parks 556 Expected (Completing Construction) 9% Expected (Construction Not Started) 5% ROW 3,018 Nonresidential 4,864 Existing 775 (Not 100% Built) 16% 1,208 Agricultural 13,472 2,237 Residential 13,876 9,656 38% Existing (100% Built) 70% 39% 14 *Numbers are in acres*
Westfield-Washington Township (WWT) Total GAV Breakdown (SF = Single-family MF = Multi-family GAV = Gross Assessed Value) Nonresidential accounts for 11% of total GAV $872,047,400 $854,679,800 Land Uses $7,234,400 Blocks $10,133,200 Not Platted WESTFIELD-WASHINGTON TOWNSHIP ACREAGE 1% 8% 14% 556 3,018 4,864 Residential accounts for 88% of total GAV $7,131,793,000 $6,474,574,500 SF $657,218,500 MF 13,472 13,876 38% Agricultural accounts for 1% of total GAV $80,933,600 39% Total GAV $8,085,884,700 15 *Misc. = $1,110,700 (<1%)*
Westfield-Washington Township (WWT) Total (SF = Single-family MF = Multi-family GAV = Gross Assessed Value) WESTFIELD-WASHINGTON TOWNSHIP ACREAGE Total Acres = 35,826 Total GAV = $8,085,884,700 GAV per Acre 1% 556 8% 14% Total: $225,713 3,018 Nonresidential Acres = 4,864 Nonresidential GAV = $872,047,400 4,864 Nonresidential: $179,282 13,472 Residential Acres = 13,876 Residential GAV = $7,131,793,000 13,876 Residential: $513,968 38% Agricultural: $6,008 39% Agricultural Acres = 13,472 Agricultural GAV= $80,933,600 ROW Acres = 3,018 Park Acres = 556 16 *Misc. = $1,110,700*
Total nonresidential Lot acreage 2,820 acres Nonresidential Stock: Total (DDP and No DDP) (DDP and No DDP) 23% of nonresidential land is Retail 651.84 acres (DDP = Detailed Development Plan) LOTS ACREAGE BY LAND USE 9% of nonresidential land is Office 257.78 acres Vacant 10% Retail 23% 15% of nonresidential land is Ed. Inst. 410.54 acres 284.63 Other 19% 651.84 528.86 8% of nonresidential land is Rel. Inst. 233.87 acres 257.78 Office 9% 16% of nonresidential land is Industrial 452.36 acres 452.36 410.54 233.87 19% of nonresidential land is identified in the Other category 528.86 acres Industrial 16% Ed. Inst. 15% 10% of nonresidential land is Vacant 284.63 acres Rel. Inst. 8% 17 17
Nonresidential Stock: GAV (DDP and No DDP) (DDP and No DDP) Total nonresidential land use GAV $854,679,800 (DDP = Detailed Development Plan) 38% of nonresidential land use GAV is retail $328,213,100 LAND USES - GAV Vacant 2% 12% of nonresidential land use GAV is office $99,284,900 Other 24% $19.8 1% of nonresidential land use GAV is Ed. Inst. $8,170,000 Retail 38% $202.1 $328.2 6% of nonresidential land use GAV is Rel. Inst. $52,869,800 $144.1 17% of nonresidential land use GAV is Industrial $144,131,400 $99.2 $52.8 Industrial 17% $8.1 24% of nonresidential land use GAV is Other $202,117,300 Office 12% 2% of nonresidential land use GAV is Vacant $19,893,300 Rel. Inst. 6% Ed. Inst. 1% 18 *Dollars in millions*
Nonresidential Stock: Acreage vs. GAV LOTS ACREAGE BY LAND USE LAND USES - GAV Vacant 2% $19.8 Vacant 10% Retail 23% Other 24% 284.63 Retail 38% Other 19% 651.84 $202.1 528.86 $328.2 257.78 Office 9% $144.1 452.36 410.54 $99.2 $52.8 233.87 Industrial 17% $8.1 Industrial 16% Ed. Inst. 15% Rel. Inst. 8% Office 12% Rel. Inst. 6% Ed. Inst. 1% 19 *Dollars in millions*
Total nonresidential land use TR $16,615,100 Nonresidential Stock: Property Tax Revenue (TR) 30% of nonresidential land use TR comes from retail $4,922,182 NONRESIDENTIAL TAX REVENUE 12% of nonresidential land use TR comes from office $1,977,172 Vacant 3% $0.5 Retail 30% 0% of nonresidential land use TR comes from Ed. Inst. $0 Other 34% $4.9 $5.5 <1% of nonresidential land use TR comes from Rel. Inst. $155 $1.9 21% of nonresidential land use TR comes from Industrial $3,571,965 $3.5 34% of nonresidential land use TR comes from Other $5,594,661 Office 12% Ed. Inst. 0% ($0) Rel. Inst. <1% (<$1) 3% of nonresidential land use TR comes from Vacant $548,965 Industrial 21% 20 *Dollars in millions*
Total TR Nonresidential Stock: Property Tax Revenue (TR) $93,346,095 18% of the Total TR are from these Nonresidential land categories $16,615,100 NONRESIDENTIAL TAX REVENUE 81% of the Total TR are from Residential land categories $75,444,355 Vacant 3% $0.5 Retail 30% 1% of the Total TR are from the Agricultural land category $1,282,464 Other 34% $4.9 $5.5 <1% of the Total TR are from the Parks land category $4,177 $1.9 $3.5 *TR retrieved from the County s 2021-pay- 2022 data* Office 12% Ed. Inst. 0% ($0) Rel. Inst. <1% (<$1) Industrial 21% 21 *Dollars in millions*
Westfield-Washington Township (WWT) Total (SF = Single-family MF = Multi-family GAV = Gross Assessed Value TR = Tax Revenue) NONRESIDENTIAL TAX REVENUE Total Acres = 35,826 Total GAV = $8,085,884,700 Total TR = $93,346,095 TR per Acre Vacant 3% Retail 30% Total: $2,606 $0.5 Other 34% $4.9 Nonresidential Acres = 4,864 Nonresidential GAV = $872,047,400 Nonresidential TR = $16,615,100 Nonresidential: $3,416 $5.5 Residential: $5,437 $1.9 $3.5 Residential Acres = 13,876 Residential GAV = $7,131,793,000 Residential TR = $75,444,355 Agricultural: $96 Office 12% Ed. Inst. 0% ($0) Rel. Inst. <1% (<$1) Agricultural Acres = 13,472 Agricultural GAV= $80,933,600 Agricultural TR = $1,282,464 Industrial 21% ROW Acres = 3,018 Park Acres = 556 22 *Dollars in millions*
Nonresidential Stock: Acreage vs. GAV vs. TR LOTS ACREAGE BY LAND USE LAND USES - GAV Vacant 2% $19.8 Vacant 10% Retail 23% Other 24% 284.63 Retail 38% Other 19% 651.84 $202.1 528.86 $328.2 257.78 Office 9% $144.1 452.36 410.54 $99.2 $52.8 233.87 Industrial 17% $8.1 Industrial 16% Ed. Inst. 15% NONRESIDENTIAL TAX REVENUE Vacant 3% Office 12% Rel. Inst. 8% Rel. Inst. 6% Ed. Inst. 1% Retail 30% $0.5 Other 34% $4.9 $5.5 $1.9 $3.5 Office 12% Ed. Inst. 0% ($0) Rel. Inst. <1% (<$1) Industrial 21% 23 *Dollars in millions*
How do we compare to neighboring townships? Noblesville Carmel Fishers 24
Acres WESTFIELD-WASHINGTON ACRES NOBLESVILLE-NOBLESVILLE/WAYNE ACRES Parks - 1% Parks - 1% ROW - 7% ROW - 8% Nonresidential - 14% Nonresidential - 19% 579 556 3,821 3,018 4,864 10,783 26,875 13,472 14,145 13,876 Agricultural - 38% Agricultural - 47% Residential - 25% Residential - 39% <1% miscellaneous Total: 35,826 ~1% miscellaneous Total: 56,976 CARMEL-CLAY ACRES FISHERS-DELAWARE/FALL CREEK ACRES Parks - 2% Parks - 2% ROW - 13% ROW - 14% Nonresidential - 22% 589 755 Nonresidential - 28% 3,713 4,452 Agricultural - 4% Agricultural - 7% 7,096 8,195 1,381 2,188 18,143 14,524 25 Residential - 49% Residential - 57% ~1% miscellaneous Total: 32,052 ~1% miscellaneous Total: 29,788
Acres Total Township Acres Nonresidential Acres Noblesville-Wayne Noblesville-Wayne 56976 10783 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 29,788 8195 Carmel-Clay Carmel-Clay 32052 7096 Westfield-Washington Westfield-Washington 35,826 4864 0 10,000 20,000 30,000 40,000 50,000 60,000 0 2000 4000 6000 8000 10000 12000 Residential Acres Agricultural Acres Noblesville-Wayne Noblesville-Wayne 14145 26875 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 14524 2188 Carmel-Clay Carmel-Clay 18143 1381 Westfield-Washington Westfield-Washington 13876 13472 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 0 5000 10000 15000 20000 25000 30000 26
Acres Right-of-Way Acres Park Acres Noblesville-Wayne Noblesville-Wayne 3821 579 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 3,713 589 Carmel-Clay Carmel-Clay 4452 755 Westfield-Washington Westfield-Washington 3018 556 0 500 1000 1500 2000 2500 3000 3500 4000 4500 5000 0 100 200 300 400 500 600 700 800 Retail Acres Office Acres Noblesville-Wayne Noblesville-Wayne 409 1120 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 506 1320 Carmel-Clay Carmel-Clay 478 1393 Westfield-Washington Westfield-Washington 652 258 0 100 200 300 400 500 600 700 0 200 400 600 800 1000 1200 1400 1600 27
Acres Ed. Inst. Acres Rel. Inst. Acres Noblesville-Wayne Noblesville-Wayne 813 404 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 982 544 Carmel-Clay Carmel-Clay 744 451 Westfield-Washington Westfield-Washington 411 234 0 200 400 600 800 1000 1200 0 100 200 300 400 500 600 Other Acres Vacant Acres Noblesville-Wayne Noblesville-Wayne 3553 2319 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 1897 2446 Carmel-Clay Carmel-Clay 1850 1179 Westfield-Washington Westfield-Washington 529 285 0 500 1000 1500 2000 2500 3000 3500 4000 0 500 1000 1500 2000 2500 3000 28
Acres SF Acres MF Acres Noblesville-Wayne Noblesville-Wayne 13416 729 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek 13923 601 Carmel-Clay Carmel-Clay 17496 647 Westfield-Washington Westfield-Washington 13072 804 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 0 100 200 300 400 500 600 700 800 900 29
Corporate vs Township Acres = (Striped Color) Township = (Solid Color) Corporate WESTFIELD CORPORATE VS TOWNSHIP ACRES NOBLESVILLE CORPORATE VS TOWNSHIP ACRES Parks - 1% (Corp: 76% Twp: 24%) 2,959861 439 Nonresidential - 19% (Corp: 67% Twp: 33%) Parks - 1% (Corp: 48% Twp: 52%) 264 ROW - 7% (Corp: 77% Twp: 23%) ROW - 8% (Corp: 87% Twp: 13%) Nonresidential - 14% (Corp: 81% Twp: 19%) 140 2913,940 2,616 7,231 925 402 3,552 10,991 8,374 23,027 11,623 Agricultural - 38% (Corp: 18% Twp: 82%) 5,771 Agricultural - 47% (Corp: 14% Twp: 86%) 2,481 3,848 2,253 Residential - 39% (Corp: 84% Twp: 16%) Residential - 25% (Corp: 59% Twp: 41%) ~1% miscellaneous Total Corp: 23,198 Total Twp: 56,976 <1% miscellaneous Total Corp: 20,957 Total Twp: 35,826 CARMEL CORPORATE VS TOWNSHIP ACRES FISHERS CORPORATE VS TOWNSHIP ACRES Parks - 2% (Corp: 91% Twp: 9%) 297 ROW - 13% (Corp: 92% Twp: 8%) Parks - 2% Nonresidential - 28% (Corp: 92% Twp: 8%) ROW - 14% Nonresidential - 22% 755 52 3,416 Agricultural - 7% (Corp: 32% Twp: 68%) 4,452 538 7,544 Agricultural - 4% 7,096 1,478 1,381 710 651 2,661 18,143 11,863 Residential - 49% (Corp: 82% Twp: 18%) ~1% miscellaneous Total Corp: 24,468 Total Twp: 29,788 ~1% miscellaneous Total Corp: 32,052 Total Twp: 32,052 30 Residential - 57%
GAV Total Township GAV Township Nonresidential GAV Noblesville-Wayne Noblesville-Wayne $9,334,469,400 $1,469,820,100 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek $14,944,967,600 $2,093,680,100 Carmel-Clay Carmel-Clay $17,577,760,000 $3,067,367,000 Westfield-Washington Westfield-Washington $8,085,884,700 $872,047,400 $- $5,000,000,000 $10,000,000,000 $15,000,000,000 $20,000,000,000 $- $1,000,000,000 $2,000,000,000 $3,000,000,000 Township Residential GAV Township Agricultural GAV Noblesville-Wayne Noblesville-Wayne $7,721,759,800 $142,889,500 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek $12,839,656,400 $11,343,500 Carmel-Clay Carmel-Clay $14,477,408,500 $20,854,200 Westfield-Washington Westfield-Washington $7,131,793,000 $80,933,600 $- $5,000,000,000 $10,000,000,000 $15,000,000,000 $20,000,000,000 $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 31
GAV Township Retail GAV Township Office GAV Noblesville-Wayne $315 Noblesville-Wayne $125,350,700 Fishers-Delaware/Fall Creek $430 Fishers-Delaware/Fall Creek $526,836,200 Carmel-Clay $525 Carmel-Clay $1,379,619,300 Westfield-Washington $328,213,100 Westfield-Washington $99,284,900 $- $100 $200 $300 $400 $500 $600 Millions $- $500,000,000 $1,000,000,000 $1,500,000,000 Township Ed. Inst. GAV Township Rel. Inst. GAV Noblesville-Wayne $4 Noblesville-Wayne $99,008,500 Fishers-Delaware/Fall Creek $60 Fishers-Delaware/Fall Creek $189,254,900 Carmel-Clay $27 Carmel-Clay $165,561,800 Westfield-Washington $8 Westfield-Washington $52,869,800 $- $10 $20 $30 $40 $50 $60 $70 Millions $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 32
GAV Township Industrial GAV Township Other GAV Noblesville-Wayne $580 Noblesville-Wayne $310,183,100 Fishers-Delaware/Fall Creek $578 Fishers-Delaware/Fall Creek $247,242,700 Carmel-Clay $764 Carmel-Clay $124,954,500 Westfield-Washington $202 Westfield-Washington $144,131,400 $- $200 $400 $600 $800 $1,000 Millions $- $100,000,000 $200,000,000 $300,000,000 Township Vacant GAV Noblesville-Wayne $36,366,400 Fishers-Delaware/Fall Creek $61,886,300 Carmel-Clay $80,432,500 Westfield-Washington $19,893,300 $- $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 33
GAV Township SF GAV Township MF GAV Noblesville-Wayne Noblesville-Wayne $6,892,151,700 $829,608,100 Fishers-Delaware/Fall Creek Fishers-Delaware/Fall Creek $11,659,093,500 $1,180,562,900 Carmel-Clay Carmel-Clay $12,905,234,800 $1,572,173,700 Westfield-Washington Westfield-Washington $6,474,574,500 $657,218,500 $- $5,000,000,000 $10,000,000,000 $15,000,000,000 $- $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 34
Townships GAV per Acre Townships GAV per Acre Total Nonresidential $600,000 $500,000 $450,000 $500,000 $400,000 $350,000 $400,000 $548,975 $432,244 $300,000 $501,753 $300,000 $250,000 $200,000 $255,468 $200,000 $150,000 $225,713 $179,282 $100,000 $136,304 $163,828 $100,000 $50,000 $- $- Westfield-Washington Carmel-Clay Fishers-Delaware/Fall Creek Noblesville-Wayne Westfield-Washington Carmel-Clay Fishers-Delaware/Fall Creek Noblesville-Wayne Residential Agricultural $1,000,000 $16,000 $900,000 $14,000 $800,000 $12,000 $700,000 $15,098 $884,004 $10,000 $600,000 $797,980 $500,000 $8,000 $400,000 $545,908 $6,000 $513,968 $300,000 $6,008 $4,000 $5,317 $5,185 $200,000 $2,000 $100,000 $- $- Westfield-Washington Carmel-Clay Fishers-Delaware/Fall Creek Noblesville-Wayne Westfield-Washington Carmel-Clay Fishers-Delaware/Fall Creek Noblesville-Wayne 35
*Dollars in millions* Nonresidential Property Tax Revenue (TR) WESTFIELD NONRESIDENTIAL TR NOBLESVILLE NONRESIDENTIAL TR Vacant 3% Vacant 2% Retail 27% Retail 30% $0.5 $0.74 Other 34% Other 37% $8.1 $4.9 $5.5 $11.1 $2.9 $1.9 $7.1 $3.5 Office 10% Office 12% Ed. Inst. 0% ($0) Ed. Inst. 0% ($0) Rel. Inst. <1% (<$1) Rel. Inst. <1% (<$1) Industrial 21% Industrial 24% <1% miscellaneous Total: $124,396,709 <1% miscellaneous Total: $93,346,095 CARMEL NONRESIDENTIAL TR FISHERS NONRESIDENTIAL TR Vacant 3% Vacant 4% Retail 20% Retail 27% Other 24% $1.3 $1.6 Other 27% $10.4 $9.3 $12.5 $9.6 $2.4 Industrial 5% $26.0 $9.6 $5.2 Industrial 15% Rel. Inst. <1% (<$1) Rel. Inst. <1% (<$1) Ed. Inst. <1% (<$1) Office 27% Ed. Inst. 0% ($0) Office 49% 36 <1% miscellaneous Total: $210,786,136 <1% miscellaneous Total: $177,922,102
Property Tax Revenue (TR) Total TR Nonresidential TR Noblesville Noblesville $124,396,709 $30,151,749 Fishers Fishers $177,922,102 $35,228,681 Carmel Carmel $210,786,136 $53,126,028 Westfield Westfield $93,346,095 $16,615,100 $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 Residential TR Agricultural TR Noblesville $1,755 Noblesville $92,489,755 Fishers $158 Fishers $142,535,088 Carmel $320 Carmel $157,340,406 Westfield $1,282 Westfield $75,444,355 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Thousands $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 37
Property Tax Revenue (TR) Retail TR Office TR Noblesville Noblesville $8,117,355 $2,963,055 Fishers Fishers $9,386,589 $9,666,548 Carmel Carmel $10,445,521 $26,015,033 Westfield Westfield $4,922,182 $1,977,172 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 Ed. Inst. TR Rel. Inst. TR Noblesville Noblesville $- $6,493 Fishers Fishers $- $12,754 Carmel Carmel $4 $5,175 Westfield Westfield $- $155 $- $1 $1 $2 $2 $3 $3 $4 $4 $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 38
Property Tax Revenue (TR) Industrial TR Other TR Noblesville $7 Noblesville $11,177,310 Fishers $5 Fishers $9,614,588 Carmel $2 Carmel $12,534,155 Westfield $4 Westfield $5,594,661 $- $1 $2 $3 $4 $5 $6 $7 $8 Millions $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 Vacant TR Noblesville $744 Fishers $1,308 Carmel $1,626 Westfield $549 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 Thousands 39
Property Tax Revenue (TR) SF TR MF TR Noblesville Noblesville $77,241,794 $15,247,960 Fishers Fishers $124,455,064 $18,080,024 Carmel Carmel $133,810,494 $23,529,912 Westfield Westfield $66,206,956 $9,237,398 $- $50,000,000 $100,000,000 $150,000,000 $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 40
Property Tax Revenue (TR) per Acre Total Nonresidential $7,000 $8,000 $7,000 $6,000 $6,000 $5,000 $5,000 $4,000 $4,000 $7,486 $6,576 $3,000 $5,973 $3,000 $2,000 $2,000 $4,299 $3,416 $2,606 $2,796 $2,183 $1,000 $1,000 $- $- Westfield Carmel Fishers Noblesville Westfield Carmel Fishers Noblesville Residential Agricultural $12,000 $250 $10,000 $200 $8,000 $150 $231 $6,000 $9,813 $100 $8,672 $4,000 $6,539 $5,437 $50 $95 $2,000 $65 $72 $- $- Westfield Carmel Fishers Noblesville Westfield Carmel Fishers Noblesville 41
Tax Breakdown (TR = Tax Revenue) Total TR $93,346,095.00 56% of Total TR is distributed to the Schools $52,525,847.66 TAX DISTRIBUTION $1,950,933.39 Solid Waste 0.12% Township 0.33% Library 2.09% $308,042.11 County 11.03% 30% of Total TR is distributed to the City of Westfield $28,153,182.25 $112,015.31 $10,296,074.28 11% of Total TR is distributed to Hamilton County $10,296,074.28 $28,153,182.25 $52,525,847.66 2% of Total TR is distributed to the Library $1,950,933.39 School 56.27% City 30.16% <1% of Total TR is distributed to the Westfield-Washington Township $308,042.11 <1% of Total TR is distributed to Solid Waste $112,015.31 42
5 Year year-by-year Outlook 43