Page 78 - Mansfield 2019 Operating Budget

General Fund Revenue Composition
2018-2019 Budget

Fines Permits Transfers
3% 3% 3% Other
4%

Franchise Tax
11%

Sales Tax Property Tax
20% 56%

Property Tax Revenue

Property tax accounts for approximately 56% of all revenue in the General Fund. Property tax revenue is
budgeted at $34,590,787 in FY 2018-2019, an increase of 10.47% or $3,278,442 over the FY 2017-2018
budget. The increase in property tax is from an increase in existing and new property valuations as well as
new growth. New construction activity in FY 2018-2019 is anticipated to increase as economic conditions
improve and commercial and retail developments increase. Property tax estimates are based on the
valuation of real and personal property within the City of Mansfield. In FY 2018-2019 the average
residential home increased in value approximately 6.9%. New construction in FY 2018-2019 was
approximately $330,909,828.

Property Value

12%
10%
8%
6%
4%
2%
0%
-2% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
-4%

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