Page 65 - CityofMansfieldFY23Budget

Table 3

Table 3 estimates the value of the existing tax base and new construction value. The tax rate
assumption for Ad Valorem Taxes is $0.68 per $100 and reflects a 12% Homestead Exemption.

Tax Beginning New Existing Est. Total *Projected
Year Value Const. Value Value Increase Valuation Ad Valoreum Tax
2023 8,119,857,531 570,090,066 145,438,250 8,835,385,846 60,080,624

2024 8,835,385,846 301,155,160 149,801,397 9,286,342,403 63,147,128
2025 9,286,342,403 469,185,385 154,295,439 9,909,823,227 67,386,798

2026 9,909,823,227 500,493,793 158,924,302 10,569,241,322 71,870,841
2027 10,569,241,322 528,438,487 163,692,031 11,261,371,841 76,577,329
2028 11,261,371,841 562,676,377 168,602,792 11,992,651,010 81,550,027
2029 11,992,651,010 595,960,825 173,660,876 12,762,272,711 86,783,454
2030 12,762,272,711 636,107,638 178,870,702 13,577,251,051 92,325,307
2031 13,577,251,051 672,696,063 184,236,823 14,434,183,937 98,152,451
2032 14,434,183,937 719,426,315 189,763,928 15,343,374,180 104,334,944

*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
2023 233.71 18,005,274 247,749 32,000 18,285,023
2024 232.90 18,911,133 255,181 32,960 19,199,274
2025 238.96 19,862,452 262,837 33,949 20,159,238

2026 241.81 20,861,511 270,722 34,967 21,167,200

2027 244.64 21,910,700 278,844 36,016 22,225,560
2028 247.56 23,012,532 287,209 37,097 23,336,838

2029 250.48 24,169,645 295,825 38,210 24,503,680

2030 253.47 25,384,808 304,700 39,356 25,728,864
2031 256.44 26,660,930 313,841 40,537 27,015,307
2032 259.50 28,001,063 323,256 41,753 28,366,072

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