Page 50 - Watauga FY22-23 Budget

BUDGET OVERVIEW – BUDGET-IN-BRIEF

Estimated collections for the current year have been computed at approximately 100% of net
taxable value for the interest and sinking (I&S) portion of the tax rate. The City’s historical tax
rate and distribution is shown below:

PROPERTY TAX DISTRIBUTION HISTORY

$0.700000

$0.600000
$0.180697 $0.178329 $0.178547 $0.195394 $0.182138 $0.181168
$0.500000 $0.174616 $0.179708 $0.184955 $0.195013
$0.400000

$0.300000
$0.410519 $0.412887 $0.440171 $0.423017 $0.419650 $0.420620
$0.200000 $0.405884 $0.400696 $0.395445 $0.375187

$0.100000

$0.000000
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23

Please see Budget Ordinances and Notices section for computation of tax rates

10 YEAR HISTORY OF PROPERTY TAX RATES

M&O I&S TOTAL
FY14 $0.410519 $0.180697 $0.591216
FY15 $0.412887 $0.178329 $0.591216
FY16 $0.440171 $0.178547 $0.618718
FY17 $0.423017 $0.195394 $0.618411
FY18 $0.419650 $0.182138 $0.601788
FY19 $0.420620 $0.181168 $0.601788
FY20 $0.405884 $0.174616 $0.580500
FY21 $0.400696 $0.179708 $0.580404
FY22 $0.395445 $0.184955 $0.580400
FY23 $0.375187 $0.195013 $0.570200

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