Page 86 - FY 2024-25 ADOPTED BUDGET
P. 86
FY 2024-25 PROPERTY TAX CALCULATION
GROSS VALUATION $ 3,870,073,272
Less:
Exemptions and Adjustments
Veterans 56,951,403
Over-65 87,777,699
Homestead 32,503,074
Misc Personal Property 11,342,351
Disabled Person 267,500
Other 187,532
Absolute Exemptions (churches, schools, and government) 125,669,457
Cases Before ARB 59,512,227
Incomplete, Pro-Rated, and Nominal Accounts 39,807,574
Add:
TAD Projected Value of Property Under Protest 40,920,106
Minimum Value of Incomplete Accounts 25,202,339
NET TAXABLE VALUE $ 3,522,176,900
Rate Per $100 Valuation $ 0.55500
2023-24 Tax Levy $ 19,548,082
Estimated Levy Lost due to Frozen Taxes 794,655
Estimated Collection Rate 99%
TOTAL FY 2023-24 ESTIMATED PROPERTY TAX COLLECTIONS $ 18,565,893
Tax Distribution
72 Estimated
Fund Tax Rate Percentage Levy
General Fund 0.51930 93.57% $ 17,371,654
Debt Service Fund 0.03570 6.43% 1,194,238
Totals 0.55500 100.00% $ 18,565,893
