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2020 Property Tax Levy
11/21/2019
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Why we are here
- Inform Board members of the 2020 property tax levy
amount
- Seek the Board’s approval of Resolution No. R2019-28
2020 Property Tax Levy Board of Directors Meeting 11/21/2019 Why - - PowerPoint PPT Presentation
2020 Property Tax Levy Board of Directors Meeting 11/21/2019 Why - - PowerPoint PPT Presentation
2020 Property Tax Levy Board of Directors Meeting 11/21/2019 Why we are here Inform Board members of the 2020 property tax levy amount Seek the Boards approval of Resolution No. R2019-28 2 ST3 voter-approved plan includes
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ST3 voter-approved plan includes property tax revenue
- Statutorily allowed increase of 1% of prior year levy plus
increases for new construction and improvements to property, are assumed in the long-range financial plan projections
- Property taxes account for 6.0% of revenue through 2041
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Proposed 2020 Property Tax Levy $155.5M
Includes 1.0% statutory increase plus revenue from new construction, improvements to property and utility value.
2020 Property Tax Levy
(in thousands)
2019 Property Tax Levy $150,575 Statutory 1.0%* $1,362 New construction, utility value, refunds, etc. $3,563 Change from 2019 $4,925 2020 Property Tax Levy $155,500
*Effective increase is 0.9% over prior year levy including refunds.
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25 23 21 20
2017 2018 2019 2020
Property Tax Levy Rate
(¢ / $1000 Assessed Value)
Levy Rate Limit Actual/Estimated Levy Rate
Levy rate reduced to $0.20 per $1000 AV
Levy rate limit: $0.25 per $1000 of assessed value (AV) Estimated 2020 levy rate: $0.20 per $1000 AV
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Thank you.
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