Page 86 - FY 2023-24 ADOPTED BUDGET
P. 86
FY 2023-24 PROPERTY TAX CALCULATION
GROSS VALUATION $ 3,649,145,182
Less:
Exemptions and Adjustments
Veterans 46,713,771
Over-65 82,598,864
Homestead 32,247,913
Misc Personal Property 11,806,190
Disabled Person 252,500
Other 6
Absolute Exemptions (churches, schools, and government) 111,603,094
Cases Before ARB 185,536,574
Incomplete, Pro-Rated, and Nominal Accounts 15,296,832
Add:
TAD Projected Value of Property Under Protest 126,063,021
Minimum Value of Incomplete Accounts 10,301,933
NET TAXABLE VALUE $ 3,299,454,392
Rate Per $100 Valuation $ 0.56500
2023-24 Tax Levy $ 18,641,917
Estimated Levy Lost due to Frozen Taxes 803,064
Estimated Collection Rate 97%
TOTAL FY 2023-24 ESTIMATED PROPERTY TAX COLLECTIONS $ 17,303,688
Tax Distribution
Estimated
Fund Tax Rate Percentage Levy
General Fund 0.52600 93.10% $ 16,109,274
Debt Service Fund 0.03900 72 6.90% 1,194,414
Totals 0.56500 100.00% $ 17,303,688
