Page 86 - FY 2021-22 ADOPTED BUDGET
P. 86
FY 2025-26 PROPERTY TAX CALCULATION
GROSS VALUATION $ 3,958,720,801
Less:
Exemptions and Adjustments
Veterans 61,681,797
Over-65 85,760,001
Homestead 29,969,997
Misc Personal Property 12,715,476
Disabled Person 257,500
Other 81,489
Absolute Exemptions (churches, schools, and government) 177,353,308
Cases Before ARB 42,033,266
Incomplete, Pro-Rated, and Nominal Accounts 6,757,301
Add:
TAD Projected Value of Property Under Protest 29,118,951
Minimum Value of Incomplete Accounts 4,180,920
NET TAXABLE VALUE $ 3,575,410,537
Rate Per $100 Valuation $ 0.55500
2025-26 Tax Levy $ 19,843,528
Estimated Levy Lost due to Frozen Taxes 991,007
Estimated Collection Rate 98%
TOTAL FY 2025-26 ESTIMATED PROPERTY TAX COLLECTIONS $ 18,475,471
Tax Distribution
Estimated
Fund Tax Rate 72 Percentage Levy
General Fund 0.51910 93.53% $ 17,280,391
Debt Service Fund 0.03590 6.47% 1,195,080
Totals 0.55500 100.00% $ 18,475,471
