South Metro Airport Comparison - Property Tax Analysis Presentation
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Property Tax Analysis Presentation
Comparison of Airports Airport Airport Code 6A2 FCC CCO OPM
Griffin Spalding Peachtree City-Falcon Field Newnan Coweta County Thomaston-Upson County
Runway Length
Runway Width
Airport Acreage
Airport Based Level Aircraft
2009 Operations
3701 ft 5219 ft
75 ft 100 ft
201 ac. 328 ac.
II III
70 221
7,424 74,825
5500 ft 6351 ft
100 ft 100 ft
252 ac. 248 ac.
III III
135 64
29,930 16,060
NEWNAN COWETA COUNTY AIRPORT
Calvin Walker, Airport Manager Approaches: Localizer, ILS Pending Ground Transportation: Taxi and Rental Car
NEWNAN COWETA COUNTY AIRPORT
Stan Thomas Enterprises
NEWNAN COWETA COUNTY AIRPORT
Gulfstream 550
Citation CJ
NEWNAN COWETA COUNTY AIRPORT Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's Appraised Value
Assessed Value
Spalding Co
8.638 Mills
School System
13.88 Mills
18.80 Mills
Total Annual Property Tax Revenue
Newnan-Coweta Airport
1 Citation Mustang
$
3,450,000.00
$ 1,380,000.00
$
11,920.44
$
19,154.40
$
25,944.00
$
57,018.84
1 Gulfstream 150
$
14,950,000.00
$ 5,980,000.00
$
51,655.24
$
83,002.40
$
112,424.00
$
247,081.64
1 Gulfstream 550
$
37,500,000.00
$ 15,000,000.00
$
129,570.00
$ 208,200.00
$
282,000.00
$
619,770.00
2 Cessna CJ
$
35,900,000.00
$ 14,360,000.00
$
124,041.68
$ 199,316.80
$
269,968.00
$
593,326.48
1 Cessna Citation X
$
15,495,000.00
$ 6,198,000.00
$
53,538.32
$
86,028.24
$
116,522.40
$
256,088.96
$
370,725.68
$ 595,701.84
$
806,858.40
$
1,773,285.92
$
33,343.63
$
73,701.05
$
107,044.67
Total Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
$
6,970.87
$
11,201.16
$
15,171.60
Griffin Spalding Hangers $
4,459,379.00
$ 1,783,751.60
$
15,408.05
$
24,758.47
$
33,534.53
Total Property Taxes
6,476,879.00
$
22,378.91
$
35,959.63
$
48,706.13
$
PEACHTREE CITY AIRPORT FALCON FIELD
John Crosby, Airport Manager Approaches: Localizer, ILS Pending Ground Transportation: Courtesy Cars and Taxi
PEACHTREE CITY AIRPORT FALCON FIELD
Aircraft Spruce- Formerly in Griffin Gardner Aviation- Formerly in Griffin
PEACHTREE CITY AIRPORT FALCON FIELD
Dassault Falcon 50
Citation II
Citation X
PEACHTREE CITY AIRPORT FALCON FIELD Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's Appraised Value
Assessed Value
1 Dassualt Falcon
$ 24,950,000.00
$ 9,980,000.00
1 Cessna Citation II
$ 19,825,904.00
1 Dassult Falcon
1 Cessna Citation X
Spalding Co
School System
Total Annual
8.638 Mills
13.88 Mills
18.80 Mills
Property Tax Revenue
$
86,207.24
$ 138,522.40
$
187,624.00
$
412,353.64
$ 7,930,361.60
$
68,502.46
$ 110,073.42
$
149,090.80
$
327,666.68
$ 17,950,000.00
$ 7,180,000.00
$
62,020.84
$
99,658.40
$
134,984.00
$
296,663.24
$ 15,495,000.00
$ 6,198,000.00
$
53,538.32
$
86,028.24
$
116,522.40
$
256,088.96
$ 270,268.87
$ 434,282.46
$
588,221.20
$
1,292,772.52
Falcon Field Peachtree City
Total Property Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
$
6,970.87
$
11,201.16
$
15,171.60
$
33,343.63
Griffin Spalding Hangers
$
4,459,379.00
$ 1,783,751.60
$
15,408.05
$
24,758.47
$
33,534.53
$
73,701.05
Total Property Taxes
$
6,476,879.00
$
22,378.91
$
35,959.63
$
48,706.13
$
107,044.67
THOMASTON-UPSON COUNTY AIRPORT
Mitch Ellerbee, Airport Manager Approaches: ILS Ground Transportation: Courtesy Car, Limousine, Taxi, Rental Car
THOMASTON-UPSON COUNTY AIRPORT
Industrial and Business Park
THOMASTON-UPSON COUNTY AIRPORT
THOMASTON-UPSON COUNTY AIRPORT Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's
Appraised Value Assessed Value
Spalding Co
8.638 Mills
13.88 Mills
School System
Total Annual
18.80 Mills
Property Tax Revenue
Thomaston Airport
1 Cessna Citation Ultra
$
3,100,000.00
$ 1,240,000.00
$ 10,711.12
$ 17,211.20
$
23,312.00
1 Cessna Citation Ultra
$
3,100,000.00
$ 1,240,000.00
$ 10,711.12
$ 17,211.20
$
23,312.00
$ 21,422.24
$ 34,422.40
$
46,624.00
$
6,970.87
$ 11,201.16
$
15,171.60
$ 15,408.05
$ 24,758.47
$
33,534.53
$ 22,378.91
$ 35,959.63
$
48,706.13
Total Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
Griffin Spalding Hangers
$
4,459,379.00
$ 1,783,751.60
Total Property Taxes
$
6,476,879.00
$
51,234.32
$
51,234.32
$
102,468.64
$
33,343.63
$
73,701.05
$
107,044.67
GRIFFIN AIRPORT PROPERTY TAX -2005 AIRCRAFT Total: $75,698 HANGER Total: $80,769 TOTAL AIRPORT TAX = $156,467
GRIFFINAIRPORT PROPERTY TAX 2009 AIRCRAFT Total: $33,343 HANGER Total: $73,701 TOTAL AIRPORT TAX = $107,044
2009 – 2012 City and County will contribute local funds for the study and environmental Ph I & II………..$1Milllion
Potential Funding Prior to Reimbursement 2009 – Site Selection Study……………….…....$305,000 2010 – Environmental Ph I………………..….…$360,000 2011 – Master Plan / ALP / Permitting..………..$430,000 City and County General Fund………………...$1,050,000 FAA Reimbursement at 95%.............................. $997,500 2012 – Local funds required………..$5.2 Mil Net local funds required …....$4.2 Mil
• Development Authority Revenue Bonds • Fund $4.2 million for land acquisition in 2012 • 95% is Reimbursed by the FAA
2013 & 14 – Grading & Drainage………..….$510,000 2015 – Airport Construction..…………….….$650,000 2016 – Airport and Terminal…..…...............$1,197,500 City and County Cost…....………………... $2,357,500 *All cost illustrated are estimates
Potential Funding Prior to Reimbursement • Development Authority Revenue Bond or Loan Fund $2.3million local commitment thru 2016 • Combination of Development Authority Revenue Bonds and Sale of Existing airport property will fund cost of tenant relocation est. $8+/- million. • FAA and GDOT will grant all other costs associated with airport development $55 to $60 million of preferred site. SPLOST in 2014: • Fund New Terminal Building • Fund Acquisition of existing properties at old airport • Fund New Hangers at new Airport • Fund Industrial Infrastructure for new Business Park
IN CONCLUSION Through a unanimous vote, the Airport Advisory Board makes the following recommendation to the City and County Commissioners:
To Develop our economic engine, the Griffin-Spalding County Airport (Gateway to Griffin /Spalding) to a Level III, ILS Airport, to encourage the growth and development of Griffin, Spalding County and the Four County Region
Comparison of Airports Airport Airport Code 6A2 FCC CCO OPM
Griffin Spalding Peachtree City-Falcon Field Newnan Coweta County Thomaston-Upson County
Runway Length
Runway Width
Airport Acreage
Airport Based Level Aircraft
2009 Operations
3701 ft 5219 ft
75 ft 100 ft
201 ac. 328 ac.
II III
70 221
7,424 74,825
5500 ft 6351 ft
100 ft 100 ft
252 ac. 248 ac.
III III
135 64
29,930 16,060
NEWNAN COWETA COUNTY AIRPORT
Calvin Walker, Airport Manager Approaches: Localizer, ILS Pending Ground Transportation: Taxi and Rental Car
NEWNAN COWETA COUNTY AIRPORT
Stan Thomas Enterprises
NEWNAN COWETA COUNTY AIRPORT
Gulfstream 550
Citation CJ
NEWNAN COWETA COUNTY AIRPORT Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's Appraised Value
Assessed Value
Spalding Co
8.638 Mills
School System
13.88 Mills
18.80 Mills
Total Annual Property Tax Revenue
Newnan-Coweta Airport
1 Citation Mustang
$
3,450,000.00
$ 1,380,000.00
$
11,920.44
$
19,154.40
$
25,944.00
$
57,018.84
1 Gulfstream 150
$
14,950,000.00
$ 5,980,000.00
$
51,655.24
$
83,002.40
$
112,424.00
$
247,081.64
1 Gulfstream 550
$
37,500,000.00
$ 15,000,000.00
$
129,570.00
$ 208,200.00
$
282,000.00
$
619,770.00
2 Cessna CJ
$
35,900,000.00
$ 14,360,000.00
$
124,041.68
$ 199,316.80
$
269,968.00
$
593,326.48
1 Cessna Citation X
$
15,495,000.00
$ 6,198,000.00
$
53,538.32
$
86,028.24
$
116,522.40
$
256,088.96
$
370,725.68
$ 595,701.84
$
806,858.40
$
1,773,285.92
$
33,343.63
$
73,701.05
$
107,044.67
Total Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
$
6,970.87
$
11,201.16
$
15,171.60
Griffin Spalding Hangers $
4,459,379.00
$ 1,783,751.60
$
15,408.05
$
24,758.47
$
33,534.53
Total Property Taxes
6,476,879.00
$
22,378.91
$
35,959.63
$
48,706.13
$
PEACHTREE CITY AIRPORT FALCON FIELD
John Crosby, Airport Manager Approaches: Localizer, ILS Pending Ground Transportation: Courtesy Cars and Taxi
PEACHTREE CITY AIRPORT FALCON FIELD
Aircraft Spruce- Formerly in Griffin Gardner Aviation- Formerly in Griffin
PEACHTREE CITY AIRPORT FALCON FIELD
Dassault Falcon 50
Citation II
Citation X
PEACHTREE CITY AIRPORT FALCON FIELD Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's Appraised Value
Assessed Value
1 Dassualt Falcon
$ 24,950,000.00
$ 9,980,000.00
1 Cessna Citation II
$ 19,825,904.00
1 Dassult Falcon
1 Cessna Citation X
Spalding Co
School System
Total Annual
8.638 Mills
13.88 Mills
18.80 Mills
Property Tax Revenue
$
86,207.24
$ 138,522.40
$
187,624.00
$
412,353.64
$ 7,930,361.60
$
68,502.46
$ 110,073.42
$
149,090.80
$
327,666.68
$ 17,950,000.00
$ 7,180,000.00
$
62,020.84
$
99,658.40
$
134,984.00
$
296,663.24
$ 15,495,000.00
$ 6,198,000.00
$
53,538.32
$
86,028.24
$
116,522.40
$
256,088.96
$ 270,268.87
$ 434,282.46
$
588,221.20
$
1,292,772.52
Falcon Field Peachtree City
Total Property Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
$
6,970.87
$
11,201.16
$
15,171.60
$
33,343.63
Griffin Spalding Hangers
$
4,459,379.00
$ 1,783,751.60
$
15,408.05
$
24,758.47
$
33,534.53
$
73,701.05
Total Property Taxes
$
6,476,879.00
$
22,378.91
$
35,959.63
$
48,706.13
$
107,044.67
THOMASTON-UPSON COUNTY AIRPORT
Mitch Ellerbee, Airport Manager Approaches: ILS Ground Transportation: Courtesy Car, Limousine, Taxi, Rental Car
THOMASTON-UPSON COUNTY AIRPORT
Industrial and Business Park
THOMASTON-UPSON COUNTY AIRPORT
THOMASTON-UPSON COUNTY AIRPORT Aircraft Property Tax Analysis - Griffin-Spalding Airport 2009 Tax Analysis
Griffin's
Appraised Value Assessed Value
Spalding Co
8.638 Mills
13.88 Mills
School System
Total Annual
18.80 Mills
Property Tax Revenue
Thomaston Airport
1 Cessna Citation Ultra
$
3,100,000.00
$ 1,240,000.00
$ 10,711.12
$ 17,211.20
$
23,312.00
1 Cessna Citation Ultra
$
3,100,000.00
$ 1,240,000.00
$ 10,711.12
$ 17,211.20
$
23,312.00
$ 21,422.24
$ 34,422.40
$
46,624.00
$
6,970.87
$ 11,201.16
$
15,171.60
$ 15,408.05
$ 24,758.47
$
33,534.53
$ 22,378.91
$ 35,959.63
$
48,706.13
Total Taxes
Griffin Spalding Airport
$
2,017,500.00
$
807,000.00
Griffin Spalding Hangers
$
4,459,379.00
$ 1,783,751.60
Total Property Taxes
$
6,476,879.00
$
51,234.32
$
51,234.32
$
102,468.64
$
33,343.63
$
73,701.05
$
107,044.67
GRIFFIN AIRPORT PROPERTY TAX -2005 AIRCRAFT Total: $75,698 HANGER Total: $80,769 TOTAL AIRPORT TAX = $156,467
GRIFFINAIRPORT PROPERTY TAX 2009 AIRCRAFT Total: $33,343 HANGER Total: $73,701 TOTAL AIRPORT TAX = $107,044
2009 – 2012 City and County will contribute local funds for the study and environmental Ph I & II………..$1Milllion
Potential Funding Prior to Reimbursement 2009 – Site Selection Study……………….…....$305,000 2010 – Environmental Ph I………………..….…$360,000 2011 – Master Plan / ALP / Permitting..………..$430,000 City and County General Fund………………...$1,050,000 FAA Reimbursement at 95%.............................. $997,500 2012 – Local funds required………..$5.2 Mil Net local funds required …....$4.2 Mil
• Development Authority Revenue Bonds • Fund $4.2 million for land acquisition in 2012 • 95% is Reimbursed by the FAA
2013 & 14 – Grading & Drainage………..….$510,000 2015 – Airport Construction..…………….….$650,000 2016 – Airport and Terminal…..…...............$1,197,500 City and County Cost…....………………... $2,357,500 *All cost illustrated are estimates
Potential Funding Prior to Reimbursement • Development Authority Revenue Bond or Loan Fund $2.3million local commitment thru 2016 • Combination of Development Authority Revenue Bonds and Sale of Existing airport property will fund cost of tenant relocation est. $8+/- million. • FAA and GDOT will grant all other costs associated with airport development $55 to $60 million of preferred site. SPLOST in 2014: • Fund New Terminal Building • Fund Acquisition of existing properties at old airport • Fund New Hangers at new Airport • Fund Industrial Infrastructure for new Business Park
IN CONCLUSION Through a unanimous vote, the Airport Advisory Board makes the following recommendation to the City and County Commissioners:
To Develop our economic engine, the Griffin-Spalding County Airport (Gateway to Griffin /Spalding) to a Level III, ILS Airport, to encourage the growth and development of Griffin, Spalding County and the Four County Region
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