Page 417 - FY 24 Budget Forecast at Adoption.xlsx

ASSESSED VALUE AND LEVY ANALYSIS

2021-22 2022-23 2023-24
BUDGET BUDGET BUDGET
Total Assessed Value $ 6,109,063,688 $ 6,832,377,912 $ 7,778,099,210
% change 0.04% 11.84% 13.84%
Less Frozen Value 980,159,747 1,177,574,498 1,381,912,928
Less TIRZ Value 0 8,650,547 49,767,423

Net taxable value $ 5,128,903,941 $ 5,646,152,868 $ 6,346,418,859
% change (0.82)% 10.08% 12.40%

Tax rate per $100 0.39500 0.35450 0.31200

Taxable Value levy 20,259,171 20,015,612 19,800,827
Levy on frozen properties 3,599,270 4,001,981 4,258,110
Tax levy $ 23,858,441 $ 24,017,593 $ 24,058,937

Estimated collection rate 99.25% 99.25% 99.25%

Estimated levy collection $ 23,679,502 $ 23,837,461 $ 23,878,495
% change 0.53% 0.67% 0.17%

Tax Rate Distribution
General Fund (M&O) $ 0.336030 $ 0.299234 $ 0.260403
Debt Service Fund (I&S) 0.058970 0.055266 0.051597
TOTAL 0.39500 0.35450 0.31200
% change 0.00% (10.25)% (11.99)%

Dollar Distribution
General Fund (M&O) 20,144,362 20,121,238 19,929,589
Debt Service Fund (I&S) 3,561,854 3,744,305 3,978,747
TOTAL $ 23,706,216 $ 23,865,543 $ 23,908,335

TIRZ Levy
TIRZ Value 0 8,650,547 49,767,423
Tax rate per $100 0.39500 0.35450 0.31200
Estimated collection rate 99.25% 99.25% 99.25%
TOTAL $ – $ 30,436 $ 154,110

TOTAL ALL LEVY $ 23,706,216 $ 23,895,979 $ 24,062,445
% change 0.52% 0.80% 0.70%

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