Circuit of the Americas assessed at $290 million

AUSTIN – Circuit of the Americas will have an assessed tax value of slightly more than $290 million for 2013, according to the chief appraiser for the Travis Central Appraisal District.

The appraisal could result in a tax bill for the circuit of more than $7.8 million, including more than $4.4 million for the Del Valle school district, according to information recently posted on TCAD’s website. Austin and Travis County each could receive about $1.5 million in tax revenue from the track, which is southeast of Austin.

The appraisal for the circuit includes 20 parcels covering 1,303 acres, 515 of which qualified for agricultural or wildlife valuation. Appraisers determined the market value of the property to be $298 million. Circuit officials recently placed the cost of the project at anywhere from $400 million to as much as $450 million.

Read more at the Austin American-Statesman.