Finance - Budgets - County Property Tax Revenue FY07/08 - 08/07/2007PROPERTY TAX REVENUE FY 07/08 Revised 8/27/07
Preliminary Budget Figures from the County
Computation of 3% budget increase:
Highest of the last 3 years approved non-exempt budget (1)$1,782,704
Multiply line 1 by 3%(2)$53,481
New Construction & Annexation budget increases:
2007 value of new construction tax roll:(3)(3)$240,843,200
2007 value of annexation that occurred in 2005(4)(4)$43,950,275
Total 2006 approved non-exempt levy rate(5)(5).000762075
New Construction Roll budget increase (multiply line 3 by line 5)(6)$183,541
Annexation budget increase (multiply line 4 by line 5)(7)$33,493
Foregone Amount (8)$204
Maximum Allowable Non-exempt Property Tax Budget:
Add lines 1+2+6+7+8 (9)$2,053,423
Property Tax Replacement
Enter the yearly amount of the agricultural replacement money here(10)$19
Enter recovered Homeowner's Exemption property tax here(11)$8
Enter recaptured property tax execption inlieu of Investment Tax Credit here(12)$0
Enter the total of lines 10, 11, and 12: (Must match col. 5 of L-2)(13)$27
Maximum Allowable Non-exempt Property Tax to be Levied:
Subtract line 13 from line 9 (14)$2,053,396
FY 06/07 TOTAL TAX REVENUE $1,782,685.00
FY 06/07 TOTAL TAX REVENUE PAID TO LIBRARY $791,956.00
FY 06/07 TOTAL TAX REVENUE PAID TO CITY HALL $990,729.00
New Construction Tax Roll $240,843,22.00 -.25% over FY 06/07 $240,231,999
Annexation Value - $43,950,275.00 - Annexation Value FY06/07 $26,851,500.00
Total Property Tax Revenue FY 06/07 - $1,782,685.00
Total Property Tax Revenue FY 07/08 - $2,053,396.00 - 15% Increase
Distribution of Property Tax Revenue I:
Library:
Property Tax Revenue FY 06/07 $791,956
To Fund FY07/08 Budget $101,305
Total Property Tax Revenue FY 07/08 $893,261
City Hall:
Property Tax Revenue FY 06/07 $990,729
Increase in property tax for FY 07/08 $169,406
Total Property Tax Revenue FY 07/08 $1,160,135
Total Property Tax Revenue FY07/08 $2,053,396