Page 437 - FY 19 Budget Forecast 91218.xlsx

ASSESSED VALUE AND LEVY ANALYSIS

2016-17 2017-18 2018-19
BUDGET BUDGET BUDGET
Total Assessed Value $ 5,277,404,783 $ 5,547,767,380 $ 5,928,042,940
% change 11.81% 5.12% 6.85%
Less Frozen Value 596,575,893 672,850,883 806,353,824
Less TIRZ Value 205,321,546 217,610,787 0

Net taxable value $ 4,475,507,344 $ 4,657,305,710 $ 5,121,689,116
% change 11.02% 4.06% 9.97%

Tax rate per $100 0.43000 0.42750 0.41325

Taxable Value levy 19,244,682 19,909,982 21,165,380
Levy on frozen properties 2,217,364 2,467,361 2,756,906
Tax levy $ 21,462,046 $ 22,377,343 $ 23,922,286

Estimated collection rate 99.30% 99.25% 99.25%

Estimated levy collection $ 21,311,811 $ 22,209,513 $ 23,742,869
% change 10.14% 4.21% 6.90%

Tax Rate Distribution
General Fund (M&O) $ 0.31358 $ 0.318985 $ 0.332943
Debt Service Fund (I&S) 0.11642 0.108515 0.080307
TOTAL 0.43000 0.42750 0.41325
% change (1.08)% (0.58)% (3.33)%

Dollar Distribution
General Fund (M&O) 15,541,663 16,882,737 19,660,642
Debt Service Fund (I&S) 5,770,148 5,326,775 4,082,227
TOTAL $ 21,311,811 $ 22,209,513 $ 23,742,869

TIRZ Levy
TIRZ Value 205,321,546 217,610,787 0
Tax rate per $100 0.43000 0.42750 0.41325
Estimated collection rate 99.30% 99.25% 99.25%
TOTAL $ 876,702 $ 923,309 $ –
% change 8.09% 5.32% (100.00)%

TOTAL ALL LEVY $ 22,188,513 $ 23,132,822 $ 23,742,869
% change 10.06% 4.26% 2.64%

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