Page 414 - CityofKellerFY25Budget

ASSESSED VALUE AND LEVY ANALYSIS

2022-23 2023-24 2024-25
BUDGET BUDGET BUDGET

Total Assessed Value $ 6,832,377,912 $ 7,778,099,210 $ 8,406,298,580
% change 11.84% 13.84% 8.08%
Less Frozen Value 1,177,574,498 1,381,912,928 1,612,600,247
Less TIRZ Value 8,650,547 49,767,423 67,725,365
Net taxable value $ 5,646,152,868 $ 6,346,418,859 $ 6,725,972,969
% change 10.08% 12.40% 5.98%

Tax rate per $100 0.35450 0.31200 0.29112

Taxable Value levy 20,015,612 19,800,827 19,580,653
Levy on frozen properties 4,001,981 4,258,110 4,546,369
Tax levy $ 24,017,593 $ 24,058,937 $ 24,127,022

Estimated collection rate 99.25% 99.25% 99.25%

Estimated levy collection $ 23,837,461 $ 23,878,495 $ 23,946,069
% change 0.67% 0.17% 0.28%

Tax Rate Distribution
General Fund (M&O) $ 0.299234 $ 0.260403 $ 0.247620
Debt Service Fund (I&S) 0.055266 0.051597 0.043500
TOTAL 0.35450 0.31200 0.29112
% change (10.25)% (11.99)% (6.69)%

Dollar Distribution
General Fund (M&O) 20,121,238 19,929,589 20,367,977
Debt Service Fund (I&S) 3,744,305 3,978,747 3,605,130
TOTAL $ 23,865,543 $ 23,908,335 $ 23,973,107

TIRZ Levy
TIRZ Value 8,650,547 49,767,423 67,725,365
Tax rate per $100 0.35450 0.31200 0.29112
Estimated collection rate 99.25% 99.25% 99.25%
TOTAL $ 30,436 $ 154,110 $ 195,683

TOTAL ALL LEVY $ 23,895,979 $ 24,062,445 $ 24,168,790
% change 0.80% 0.70% 0.44%

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