Page 68 - Mansfieldr FY20 Approved 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
2020 6,970,455,992 331,019,775 133,096,601 7,434,572,368 52,785,464

2021 7,434,572,368 395,919,775 137,089,499 7,967,581,642 56,569,830
2022 7,967,581,642 406,116,775 141,202,184 8,514,900,601 60,455,794

2023 8,514,900,601 416,619,025 145,438,250 9,076,957,876 64,446,401
2024 9,076,957,876 303,631,275 149,801,397 9,530,390,548 67,665,773

2025 9,530,390,548 438,580,525 154,295,439 10,123,266,512 71,875,192
2026 10,123,266,512 450,057,025 158,924,302 10,732,247,839 76,198,960

2027 10,732,247,839 461,877,775 163,692,031 11,357,817,645 80,640,505
2028 11,357,817,645 474,053,275 168,602,792 12,000,473,712 85,203,363

2029 12,000,473,712 486,594,775 173,660,876 12,660,729,363 89,891,178
*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
2020 171.23 12,944,826 196,091 26,958 13,167,875
2021 179.12 14,009,885 201,974 27,767 14,239,626
2022 182.05 14,714,974 208,033 28,600 14,951,607
2023 185.21 15,455,456 214,274 29,458 15,699,188

2024 190.54 16,233,103 220,702 30,342 16,484,147
2025 194.16 17,049,779 227,323 31,252 17,308,354

2026 198.03 17,907,439 234,143 32,190 18,173,772

2027 202.14 18,808,138 241,167 33,156 19,082,461
2028 206.49 19,754,032 248,402 34,150 20,036,584

2029 211.10 20,747,384 255,854 35,175 21,038,413

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