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Henrico County Tax Rates
Property Taxes
Real Propertyper $100 AV
Source: Henrico County 2025
FF&E (Business Personal Property)per $100 AV
Source: Henrico County 2025
Machinery & Toolsper $100 AV
Source: Henrico County 2025
AV Growth Rate% per year
Applied to assessed values annually
CDA / Special Districts
CDA Ad Valoremper $100 AV
Source: v10Z model — IN ADDITION to the $0.83 base property tax
Transactional Taxes
Sales Tax — Henrico Share%
Henrico keeps 1% of Virginia's 6% total
Meals Tax%
Source: Henrico County (earmarked for schools)
Hotel Transient Occupancy%
Source: Henrico County
BPOL — Amusement/Retailper $100 gross
BPOL — Service/Officeper $100 gross
BPOL Exemptionfirst $ exempt
Optional Levies (currently $0 — toggled off)
Admissions Tax%
Virginia allows up to 10%
Public Debt Surcharge$ per ticket
Arena Revenue Sources
Admissions Fee (OVG)%
6% on gross ticket sales — OVG proposal
In-Building Sales (local)%
Henrico 1% local share of in-building taxable sales
Developer Contribution%
1% OVG contractual contribution
VA Gap / TDFP%
2% state match — Tier 3 likely for $500M+ project
Revenue Source Inputs
In-Building Sales (annual)$
$38M/yr default (OVG projections)
IB Sales Growth% / yr
Collection Rate%
2% shrinkage confirmed by Sheila (SP)
Simulation
Monte Carlo Sims
PUBLIC FINANCE ARENA MODEL
Arena District Coverage Model | Untitled Deal
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READ-ONLY VIEW — This is a shared deal.
Bond
Total authorized:$
Arena %:%
Alt Facility:15%
DSRF:
Fees:
Parking $:
Capitalize IO:
Cap-I treatment:
Rate:%
Amort:mo
Annual DS:$0M/yr
Senior Loan
Include in coverage:
Principal:$
Rate:%
Loan term:yr
Amort term:yr
IO period:mo
Orig fee:%
Tax pledge:
Public Equity
Active:
Commitment:$($M)
Annual cap:$($M/yr)
Public covers construction IO (cash):
Ramp-up yr 1:%
Ramp-up yr 2:%
Ramp-up yr 3+:100%
Public fills gap between tax revenue and combined DS during construction + ramp-up
Senior Subordinated Debt
Enabled:
Principal:$
Rate:%
Term:yr
Amortization:
Accrual:Accrue unpaid interest to balance
Maturity:Set balloon year
Tax Assignment Mode
Tax Type
Assign To
All taxes flow to Bond first until 1.5× DSCR is met, then overflow to Senior Sub.
Sources & Uses
Capital deployment at closing and through construction. DSRF is funded at closing from bond proceeds, so it belongs with the deployment story rather than ongoing debt service.
Draw Waterfall Order
Use ▲▼ to reorder. Each layer is drawn down in sequence; pro-rata layers split remaining costs proportionally to debt commitment.
Quarterly Drawdown
Party Contribution Summary
DSRF Drawdown Preview
Debt Service
Periods:Start month:
PUBLIC BOND — DEBT SERVICE
SENIOR SUB WATERFALL
Top Tax Streams — Stabilized Year (Base Case)
Run simulation to populate
Click "Run Monte Carlo" to see top tax streams
Tax Layer Cake — Annual Revenue by Category (Base Case)
Run simulation to populate
Click "Run Monte Carlo" to generate the tax layer cake
Revenue by Tax Type — Stabilized Year (Base Case)
Run simulation to populate
Detailed per-parcel editor
Total AV at build-out
—
Annual property tax (stab.)
—
Annual TOT (stab.)
—
Annual sales tax (stab.)
—
Mix: —
Development Phases
Phase
Start yr
Delivery (mo)
Ramp (mo)
Hotel keys
MF units
Retail KSF
Office KSF
Townhomes
Arena SF
Scenario
Per-Unit Assumptions▾
Tax rates read from the rate panel — edit there to change.