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FISCAL YEAR 2018-2019
SCHEDULE 4 - SUMMARY OF PROPERTY TAX REVENUE AND DISTRIBUTION

NET TAXABLE VALUE: M&O I&S TOTAL
Total Appraised Value as of July 25, 2018 6,927,461,437

Less:
Absolute Exemption (428,700,070)
Cases Before ARB (127,060,962)
Incomplete Accounts (118,978,455)
Disabled Veteran (25,987,537)
Over 65 (182,593,096)
Homestead (507,027,493)
Disabled Persons (8,801,529)
Freeport Inventory Value Loss (4,332,253)
Pollution Control 0
Solar & Wind Powered Devices (5)
Nominal Value Accounts (493,506)
Miscellaneous Personal Property (11,798,271)
In Process 0

Total Reduction to Values (1,415,773,177)
NET TAXABLE VALUE AT JULY 25, 2018 5,511,688,260

Add:
Estimated Minimum ARB protested values 85,155,894
Incomplete Property 53,761,005

ESTIMATED NET TAXABLE VALUE AT JULY 25, 2018 5,650,605,159

ESTIMATED PROPERTY TAX COLLECTIONS:
Estimated Net Taxable Value 5,650,605,159
Less: TIF #1 Incremental Value (Closed 2018) 0
Less: TIF #1A Incremental Value (16,148,540)
Less: TIF #2 Incremental Value (484,980,109)
Less: Tax Ceiling Taxable Values (762,250,843)
Net Taxable Values 4,387,225,667

Proposed Tax Rate per $100 Valuation 0.327088 0.257912 0.585000
Estimated Total Tax Levy at 100% Collection 14,350,089 11,315,208 25,665,297
Less: Estimated Uncollectable (1.5%) (215,251) (215,251)
Less: Estimated I&S Uncollectable (1.5%) (169,728) (169,728)
Estimated Revenue from Property Tax 13,965,110 11,315,208 25,280,318

Estimated Revenue from Property Tax * 13,965,110 11,315,208 25,280,318
Plus: Tax Ceiling Account Revenue 3,265,120 - 3,265,120
Less: Estimated Uncollectable (1.5%) (48,977) - (48,977)
Plus: TIF Tax Rate Differential (2 cents) 100,226 - 100,226
Less: Estimated I&S Uncollectable (1.5%) (1,503) - (1,503)

ESTIMATED PROPERTY TAX DISTRIBUTION 17,279,976 11,315,208 28,595,184

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