The Metro Area Impact of Home Building in Anderson County, Tennessee: Income, Jobs and Taxes Generated
This report presents estimates of the impacts of building 100 single-family homes, representative of construction in Anderson County.
The estimated one-year metro area impacts of building 100 single-family homes in Anderson County include $28.9 million in local income, $3.4 million in taxes and other revenue for local governments, and 310 local jobs.
The additional, annually recurring impacts of building 100 single-family homes in Anderson County include $4.5 million in local income, $1.5 million in taxes and other revenue for local governments, and 61 local jobs.
Local Government Costs Compared to Revenue
This section summarizes the cost-revenue comparisons.
In the first year, 100 single-family homes built in Anderson County result in an estimated $4.2 million in tax and other revenue for local governments, $329,000 in current expenditures by local government to provide public services to the net new households at current levels, and $2.2 million in capital investment for new structures and equipment undertaken by local governments.
In a typical year after the first, the single-family homes result in $1.5 million in tax and other revenue for local governments, and $658,000 in local government expenditures to continue providing services at current levels.
After 15 years, the homes will generate a cumulative $25.8 million in revenue compared to $11.9 million in costs, including annual current expenses, capital investment, and interest on debt.
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Anderson County IMPACTS
Anderson County COSTS