Page 69 - Mansfield 2019 Operating Budget

Table 3

Table 3 estimates the estimated value of the existing tax base and new construction value. The tax
rate assumption for Ad Valorem Taxes $.71 cents per $100.

Tax Beginning New Existing Est. Total *Projected
Year Value Const. Value Value Increase Valuation Ad Valoreum Tax
2019 6,498,336,216 342,899,775 129,220,001 6,970,455,992 49,490,238

2020 6,970,455,992 369,299,775 133,096,601 7,472,852,368 53,057,252
2021 7,472,852,368 395,919,775 137,089,499 8,005,861,642 56,841,618
2022 8,005,861,642 406,116,775 141,202,184 8,553,180,601 60,727,582

2023 8,553,180,601 416,619,025 145,438,250 9,115,237,876 64,718,189

2024 9,115,237,876 427,437,025 149,801,397 9,692,476,298 68,816,582
2025 9,692,476,298 438,580,525 154,295,439 10,285,352,262 73,026,001

2026 10,285,352,262 450,057,025 158,924,302 10,894,333,589 77,349,768
2027 10,894,333,589 461,877,775 163,692,031 11,519,903,395 81,791,314
2028 11,519,903,395 474,053,275 168,602,792 12,162,559,462 86,354,172

*Includes TIRZ Value

Sales Tax Assumptions

Table 4

Table 4 estimates the sales tax, mixed drink tax and utility sales tax.

Tax Sales Tax Sales Mixed Utility Annual
Year per Capita Tax Drink Tax Sales Tax Total
2019 164.80 12,097,606 182,646 26,173 12,306,425
2020 170.67 12,952,791 188,125 26,958 13,167,875
2021 174.35 13,688,893 193,769 27,767 13,910,429
2022 177.22 14,377,769 199,582 28,600 14,605,951
2023 178.58 14,955,161 205,569 29,458 15,190,189
2024 180.12 15,555,718 211,736 30,342 15,797,796
2025 181.84 16,180,367 218,089 31,252 16,429,708
2026 183.74 16,830,075 224,631 32,190 17,086,896
2027 185.80 17,505,846 231,370 33,156 17,770,372
2028 188.04 18,208,726 238,311 34,150 18,481,187

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