Backup Documents 03/14/2017 Item #11AMarch 14, 2017
1
Indexing
•Reduces fluctuations over time
•More reliable during steady time periods
•Current method uses an average of last two
years of data
Collier County Just Value
$0
$20,000,000,000
$40,000,000,000
$60,000,000,000
$80,000,000,000
$100,000,000,000
$120,000,000,000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Just Value (All Property)
Indexing calculations for:
•Community and Regional Parks
•Schools
•Correctional Facilities
•Transportation Facilities
Land/ROW:Collier County Property Appraiser
Transportation/Roadway Construction:
•FDOT average roadway construction cost
•PPI for highway construction
Buildings/Construction:
•Engineering News Record Building Cost Index
•Turner Building Cost Index
•RS Means Building Cost Index
Equipment:
•CPI
•PPI for equipment
Inventory Component Index
Component 2017
Index
Buildings 2.6%
Land 12.1%
Equipment/Vehicles 2.2%
Roadway Construction 0.7%
Final calculated index by program area
Program Area
Total
Applicable
Index
Community Parks 6.5%
Regional Parks 10.6%
School Facilities 3.2%
Correctional Facilities 2.6%
Transportation 2.3%
Questions?
Thank You!