Page 87 - FY 2021-22 ADOPTED BUDGET
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FY 2021-22 PROPERTY TAX CALCULATION



                                        GROSS VALUATION                                                                                                                                $        2,806,014,473


                                        Less:

                                                    Exemptions and Adjustments
                                                                Veterans                                                                                                  33,073,083
                                                                Over-65                                                                                                   81,855,670
                                                                Homestead                                                                                                 32,147,955

                                                                Disabled Person                                                                                                 283,750
                                                                Other                                                                                                           117,611
                                                    Absolute Exemptions (churches, schools, and government)                                                               78,709,583

                                                    Cases Before ARB                                                                                                    107,260,576
                                                    Incomplete, Pro-Rated, and Nominal Accounts                                                                           33,896,553
                                        Add:

                                                    TAD Projected Value of Property Under Protest                                                                         73,593,312
                                                    Minimum Value of Incomplete Accounts                                                                                  11,192,925



                                        NET TAXABLE VALUE                                                                                                                              $        2,523,455,929


                                        Rate Per $100 Valuation                                                                                                                        $                   0.61750



                                        2021-22 Tax Levy                                                                                                                               $              15,582,340


                                        Collection rate                                                                                                                                              100.0%



                                        TOTAL FY 2021-22 ESTIMATED PROPERTY TAX COLLECTIONS                                                                                            $              15,582,340


                                                                                                                Tax Distribution

                                                                                                                                                                    Estimated
                                                                Fund                                   Tax Rate                     Percentage                      Collections
                                                                General Fund                                0.58100                        94.09%                 $      14,661,279

                                                                Debt Service Fund                           0.03650                         5.91%                               921,061
                                                                Totals                                      0.61750                      100.00%                  $      15,582,340

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