[bobfl]

Avista,

The tricky figure seems to be the second entry in the formula. What did they give you for "JUST" value? My guess is that "JUST" value will be more than the assessed value. If it is not it may be OK. But remember this thing is only proposed and all details are not clear. If you run the program it appears to use the "JUST" value to do the computations. At the very least the "JUST" value may be +15% over assessed and my guess is its probably market value which would most likely be much higher.
In your case they are using the 179500 figure for both entries. I wonder why they ask for the "JUST" value if they are only going to use the assessed value. I'm sure you know that over time the assessed value has generally dropped in relation to the market value due to the 3% SOH limit.
This whole thing reminds me of "I'm from the government and I'm here to help you"
But I must say for your figures you would come out ahead for 10 years.