2022 08 16 City Council

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County Road 129 (aka Layman Road) Area- Annexation Study Page 2 
annexation area is pro vided below.  It is left to the reader to examine the study, determine whether 
the results are sound and valid and to make a decision based upon that determination.   
 
Land Use, Acreage and Assessed Values         
This table merely provides an inventory o f all the property in the annexation area . The property values 
were extracted from the State of Tennesse e Property Data Web Site, which is based upon the state's 
property tax assessment computer program.  
 
Property tax revenue estimates are simply the calculation of the total assessed value of  property in the 
proposed annexation area, applied to the City’s current property tax rate ($1.2676 per $100 of 
assessed value) . Property tax assessments are calculat ed at a rate of forty (40) percent of appraised 
value for commercial and industrial prope rty and twenty -five (25) percent for residential, vacant and 
Greenbelt property.  
 
The following table provides a summary of  acreage and assessed values of the property located within 
the proposed annexation area.   
 
Acreage and Assessed Values of Land and Improvements 
 
 
Estimated Population and Percent Population Increase 
The population estimates are based upon the number of house holds in the annexation area and the 
people per household population for Athens and McMinn County, utilizing data  from the 2010 Federal 
Census.  According to the 20 10 Federal Census, the people per household po pulation for Athens is 
2.24, and the unincorporated territory of McMinn County is 2.47 people per household.  
 
Since the annexation area is immediately adjacent to the city, but not within the corporate limits of the 
city it would seem likely that it is n either entirely rural in nature like McMinn Co unty, nor entirely 
urban like Athens.  Therefore, it may be appropriate to average the two people per household 
population figures listed above to gain a base line for population projections in the area.  (An a verage 
per household population, using these two figures is 2.355 and will be rounded to 2.36). 
 
This 2.36 people per household population figure is applied to the County Road 129 (aka Layman Road) 
Annexation Area to estimate the total population. The maximum housing development unit in the R-2 
is a duplex on a minimum of 10,000 square feet. The forty-five (45) acres is 1,960,200 square feet in 
area.  Subtracting 20% of the property for infrastructure and setback requirement, leave 80% of the 
Tax Assessor 
Category 
Number of 
Properties Acreage Properties with 
Improvements 
Assessed 
Improvement 
Value 
Assessed Land 
Value 
Total Property 
Value 
TOTAL 
Assessment 
Value 
Assessed at 25% 1 13.0 0 $0.00 $61,970 $61,970 $15,475 
Assessed at 25% 1 32.0 0 $0.00 $135,500 $135,500 
 
$33,875 
TOTAL 1 45.0 0 $0.00 $197,470 $197,470 $49,350 
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