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Home My WebLink AboutProperty Tax 8 Year Analysis Expanded Based on July report FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Estimated FY17/18 Proposed 1,025,535,296$ 1,090,892,532$ 1,209,948,755$ 1,227,858,917$ 1,248,082,317$ 1,274,372,828$ 1,431,173,915$ 1,500,171,790$ amount change 65,357,236$ 119,056,223$ 17,910,162$ 20,223,400$ 26,290,511$ 156,801,087$ 68,997,875$ percent change 6%11%1%2%2%12%5% $ cumulative chg 65,357,236$ 184,413,459$ 202,323,621$ 222,547,021$ 248,837,532$ 405,638,619$ 474,636,494$ % cumulative chg 6%18%20%22%24%40%46% Based on "Estimated Net Taxable Value " July report FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Adjusted FY17/18 Proposed Total Taxable Values 796,958,772$ 937,254,545$ 856,969,250$ 889,054,513$ 920,188,732$ 943,308,794$ 1,124,442,640$ 1,172,624,627$ amount change 140,295,773$ (80,285,295)$ 32,085,263$ 31,134,219$ 23,120,062$ 181,133,846$ 48,181,987$ percent change 18%-9%4%4%3%19%4% $ cumulative chg 140,295,773$ 60,010,478$ 92,095,741$ 123,229,960$ 146,350,022$ 327,483,868$ 375,665,855$ % cumulative chg 18%8%12%15%18%41%47% Residential 454,890,952$ 463,311,801$ 473,314,728$ 494,062,920$ 530,229,036$ 565,082,645$ 698,417,863$ 769,281,608$ amount change 8,420,849$ 10,002,927$ 20,748,192$ 36,166,116$ 34,853,609$ 133,335,218$ 70,863,745$ percent change 2%2%4%7%7%24%10% $ cumulative chg 8,420,849$ 18,423,776$ 39,171,968$ 75,338,084$ 110,191,693$ 243,526,911$ 314,390,656$ % cumulative chg 2%4%9%17%24%54%69% Commercial 354,362,708$ 398,732,749$ 309,259,502$ 288,880,663$ 288,318,142$ 313,905,939$ 319,566,649$ 334,417,549$ amount change 44,370,041$ (89,473,247)$ (20,378,839)$ (562,521)$ 25,587,797$ 5,660,710$ 14,850,900$ percent change 13%-22%-7%0%9%2%5% $ cumulative chg 44,370,041$ (45,103,206)$ (65,482,045)$ (66,044,566)$ (40,456,769)$ (34,796,059)$ (19,945,159)$ % cumulative chg 13%-13%-18%-19%-11%-10%-6% Personal 73,238,159$ 86,462,635$ 102,298,461$ 115,051,251$ 110,305,420$ 86,780,414$ 129,385,534$ 106,304,321$ amount change 13,224,476$ 15,835,826$ 12,752,790$ (4,745,831)$ (23,525,006)$ 42,605,120$ (23,081,213)$ percent change 18%18%12%-4%-21%49%-18% $ cumulative chg 13,224,476$ 29,060,302$ 41,813,092$ 37,067,261$ 13,542,255$ 56,147,375$ 33,066,162$ % cumulative chg 18%40%57%51%18%77%45% Ag Properties 263,775$ 263,775$ 269,301$ 274,698$ 257,671$ 246,487$ 219,661$ 216,057$ New Residential 19,299,376$ 14,557,925$ 17,679,732$ 18,340,000$ 28,002,713$ 39,358,755$ 54,909,400$ 29,594,736$ amount change (4,741,451)$ 3,121,807$ 660,268$ 9,662,713$ 11,356,042$ 15,550,645$ (25,314,664)$ percent change -25%21%4%53%41%40%-46% New Commercial 2,905,474$ 63,612,427$ 24,418,346$ 1,148,172$ -$ -$ -$ 12,765,665$ amount change 60,706,953$ (39,194,081)$ (23,270,174)$ (1,148,172)$ -$ -$ 12,765,665$ percent change 2089%-62%-95%-100%0%0%100% FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Estimated FY17/18 Proposed Total Revenue 1,257,246$ 1,442,069$ 1,366,542$ 1,353,355$ 1,432,916$ 1,479,452$ 1,565,510$ 1,596,528$ amount change 184,823$ (75,527)$ (13,187)$ 79,561$ 46,536$ 86,058$ 31,018$ percent change 14.70%-5.24%-0.96%5.88%3.25%5.82%1.98% New Residential 30,898$ 22,833$ 27,729$ 28,764$ 43,779$ 61,533$ 75,198$ 40,293$ amount change (8,066)$ 4,896$ 1,036$ 15,015$ 17,754$ 13,665$ (34,905)$ percent change -26.10%21.44%3.73%52.20%40.55%22.21%-46.42% New Commercial 4,652$ 99,770$ 38,298$ 1,801$ -$ -$ -$ 17,380$ amount change 95,118$ (61,472)$ (36,497)$ (1,801)$ -$ -$ 17,380$ percent change 2044.82%-61.61%-95.30%-100.00%0.00%0.00%100.00% AD VALOREM PROPERTY TAX EIGHT YEAR ANALYSIS Fiscal Year 2017/2018 Homestead exemption 20% Over 65 exemption - $10,000 NET TAXABLE VALUES (these values will not always total due to court appears, ARB, etc) APPRAISED VALUES TOTAL TAX REVENUE GENERATED AD VALOREM PROPERTY TAX EIGHT YEAR ANALYSIS Fiscal Year 2017/2018 Homestead exemption 20% Over 65 exemption - $10,000 Based on July Report FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Adjusted FY17/18 Proposed Avg Market Value 1,354,987$ 1,359,897$ 1,365,344$ 1,416,737$ 1,472,247$ 1,492,650$ 1,803,855$ 1,815,388$ amount change 4,910$ 5,447$ 51,393$ 55,510$ 20,403$ 311,205$ 11,533$ percent change 0.36%0.40%3.76%3.92%1.39%20.85%0.64% $ cumulative chg 4,910$ 10,357$ 61,750$ 117,260$ 137,663$ 448,868$ 460,401$ % cumulative chg 0%1%5%9%10%33%34% Based on July Report FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Adjusted FY17/18 Proposed Avg Taxable Value 1,152,595$ 1,163,219$ 1,166,338$ 1,203,398$ 1,247,251$ 1,270,576$ 1,425,943$ 1,508,097$ Tax Payment 1,845$ 1,460$ 1,463$ 1,510$ 1,560$ 1,589$ 1,562$ 1,643$ amount change (386)$ 4$ 46$ 50$ 29$ (27)$ 80$ percent change -20.91%0.27%3.18%3.31%1.87%-1.69%5.14% FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Estimated FY17/18 Proposed General Fund 0.15620$ 0.13835$ 0.14197$ 0.13907$ 0.13710$ 0.13947$ 0.12882$ 0.11133$ Debt Service 0.00390 0.01849 0.01487 0.01777 0.01924 0.01687 0.00813 0.02482 TOTAL 0.16010$ 0.15684$ 0.15684$ 0.15684$ 0.15634$ 0.15634$ 0.13695$ 0.13615$ amount change (0.00326) - - (0.00050) - (0.01939) (0.00080) percent change -2.04%0.00%0.00%-0.32%0.00%-12.40%-0.58% EFFECTIVE TAX RATE 0.16010$ 0.17944$ 0.19326$ 0.16070$ 0.15634$ 0.15677$ 0.13695$ 0.13615$ FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Estimated FY17/18 Proposed General Fund 97.56%88.21%90.52%88.67%87.69%89.21%94.06%81.77% Debt Service 2.44%11.79%9.48%11.33%12.31%10.79%5.94%18.23% TOTAL 100%100%100%100%100%100%100%100% FY10/11 Actual FY11/12 Actual FY12/13 Actual FY13/14 Actual FY14/15 Actual FY15/16 Actual FY16/17 Estimated FY17/18 Proposed General Fund 1,226,689$ 1,271,975$ 1,236,978$ 1,198,373$ 1,256,795$ 1,318,059$ 1,471,000$ 1,305,483$ Debt Service 30,558$ 170,094$ 129,565$ 154,982$ 176,121$ 161,393$ 94,510$ 291,045$ TOTAL 1,257,246$ 1,442,069$ 1,366,542$ 1,353,355$ 1,432,916$ 1,479,452$ 1,565,510$ 1,596,528$ amount change 184,823$ (75,527)$ (13,187)$ 79,561$ 46,536$ 86,058$ 31,018$ percent change 14.70%-5.24%-0.96%5.88%3.25%5.82%1.98% TAX RATE DISTRIBUTION PERCENT TAX RATE DISTRIBUTION AMOUNT and CALCULATED EFFECTIVE TAX RATE AVERAGE MARKET VALUE PER HOME AD VALOREM TAX PAYMENT ON AVERAGE HOME VALUE (w/homestead exemption) TAX REVENUE BY FUND TYPE