Page 62 - City of Mansfield FY22 Operarting 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 is $0.69 per $100 and reflects a 10% Homestead
Exemption.

Tax Beginning New Existing Est. Total *Projected
Year Value Const. Value Value Increase Valuation Ad Valoreum Tax
2022 8,134,041,284 392,112,895 141,202,184 8,667,356,363 59,804,759

2023 8,667,356,363 402,195,055 145,438,250 9,214,989,668 63,583,429
2024 9,214,989,668 412,580,335 149,801,397 9,777,371,400 67,463,863
2025 9,777,371,400 423,278,095 154,295,439 10,354,944,934 71,449,120

2026 10,354,944,934 434,295,535 158,924,302 10,948,164,771 75,542,337
2027 10,948,164,771 445,643,455 163,692,031 11,557,500,257 79,746,752

2028 11,557,500,257 457,331,935 168,602,792 12,183,434,984 84,065,701
2029 12,183,434,984 469,371,775 173,660,876 12,826,467,635 88,502,627
2030 12,826,467,635 481,772,335 178,870,702 13,487,110,672 93,061,064
2031 13,487,110,672 494,545,135 184,236,823 14,165,892,630 97,744,659

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
2022 196.71 14,950,141 245,172 28,600 15,223,913
2023 188.57 14,858,934 252,527 29,458 15,140,920

2024 191.27 15,607,521 260,103 30,342 15,897,966
2025 194.24 16,393,706 267,906 31,252 16,692,865
2026 197.47 17,219,375 275,943 32,190 17,527,508
2027 200.96 18,086,506 284,222 33,156 18,403,883
2028 204.71 18,997,178 292,748 34,150 19,324,077
2029 208.72 19,953,575 301,531 35,175 20,290,281

2030 212.99 20,957,988 310,577 36,230 21,304,795
2031 217.52 22,012,824 319,894 37,317 22,370,035

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