ADOPTED TAX RATE


BUDGET YEAR


2012


2013


2014


2015


2016

(TAX YEAR)

(2011)

(2012)

(2013)

(2014)

(2015)


Maintenance & Operations


.237071


.239938


.236828


.238672


.237300

Debt Service

.026929

.024062

.027172

.025328

.026700

Total

.264000

.264000

.264000

.264000

.264000

% Over ETR

(1.18%)

(0.46%)

0.24%

2.99%

(1.95%)

% Over Prior Year

0%

0%

0%

0%

0%

Effective Tax Rate

.267156

0.26521

0.263367

0.256335

0.269251

Final Net Taxable Values

124,157,373,943

125,704,593,718

128,851,465,639

136,178,110,528

141,324,247,404

July 25 Net Taxable Values

123,289,580,083

125,615,873,461

128,701,814,309

135,621,352,569

141,324,247,404

May 15 Preliminary Estimates

125,773,543,166

127,203,694,492

131,056,372,001

137,534,832,349

146,773,177,752

New Construction - Taxable Value (Final)

1,553,735,026

2,146,036,325

1,768,648,213

2,170,263,926

3,208,874,803

Projected Collection Rate

100%

100%

100%

100%

100%

Budgeted Taxes Generated

$327,707,467

$331,860,127

$340,167,869

$359,510,211

$373,096,013

Less Tax Incremental Finance Districts

(7,130,929)

(6,170,393)

(6,855,960)

(6,510,377)

(7,213,200)

Less: Loss due to Over 65 Tax Freeze

(1,600,000)

(1,618,484)

(1,900,000)

(2,500,000)

(3,600,000)

Total from Ad Valorem Taxes

$318,976,538

$324,071,250

$331,411,909

$350,499,834

$362,282,813

Taxes Collected (Inc. delinquent, P & I)

$320,593,354

$324,860,292

$333,200,184

$349,786,669

*

.01 increase in tax rate

$12,328,958

$12,570,459

$12,885,147

$13,617,811

$14,132,425

1% increase in tax rate

$3,254,845

$3,318,601

$3,401,679

$3,595,102

$3,730,960

* Projected