OF DEEP CREEK LAKE April 20, 2017 REAL ESTATE TAX REVENUE - 2017 - - PowerPoint PPT Presentation

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May 04, 2023 149 likes •320 views

THE ECONOMIC IMPORTANCE OF DEEP CREEK LAKE April 20, 2017 REAL ESTATE TAX REVENUE - 2017 BUDGETED Balance of County District No. 18 $19.09 Million $23.16 Million Source: Garrett County Finance Office Garrett County Office Source: MD State

SLIDE 1

THE ECONOMIC IMPORTANCE OF DEEP CREEK LAKE

April 20, 2017

SLIDE 2

REAL ESTATE TAX REVENUE - 2017 BUDGETED

Source: Garrett County Finance Office

District No. 18 $23.16 Million Balance of County $19.09 Million

SLIDE 3

ASSESSABLE TAX BASE

Source: MD State Department of Assessments & Taxation, Garrett County Office

Billions $1.77 $1.91 $2.12 $2.33 $2.66 $3.12 $3.59 $4.01 $4.34 $4.60 $4.65 $4.50 $4.53 $4.25 $4.25 $4.29 $0.83 $0.94 $1.10 $1.25 $1.51 $1.87 $2.19 $2.45 $2.64 $2.80 $2.79 $2.65 $2.66 $2.33 $2.31 $2.34

$- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 County Total District No. 18

SLIDE 4

ASSESSABLE TAX BASE (District No. 18)

Source: MD State Department of Assessments & Taxation, Garrett County Office

Billions $0.83 $0.94 $1.10 $1.25 $1.51 $1.87 $2.19 $2.45 $2.64 $2.80 $2.79 $2.65 $2.66 $2.33 $2.31 $2.34

$- $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

SLIDE 5

REAL ESTATE TAX REVENUE

*Budgeted Source: Garrett County Finance Office

Millions $22.10 $23.10 $24.20 $26.10 $28.20 $32.80 $37.00 $41.40 $43.92 $46.33 $48.15 $43.27 $43.57 $43.03 $40.87 $42.25 $8.31 $9.38 $10.95 $12.48 $14.54 $17.99 $21.03 $23.48 $25.05 $26.63 $26.52 $25.74 $26.73 $22.77 $22.40 $23.16

$- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017* County Total District No. 18

SLIDE 6

REAL ESTATE TAX REVENUE (District No. 18)

*Budgeted Source: Garrett County Finance Office

Millions $8.31 $9.38 $10.95 $12.48 $14.54 $17.99 $21.03 $23.48 $25.05 $26.63 $26.52 $25.74 $26.73 $22.77 $22.40 $23.16

$- $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017*

SLIDE 7

BUILDING PERMITS (DCL Watershed)

Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections

Number of Permits Declared Value (Millions) $60.1 $60.5 $64.8 $55.2 $69.8 $52.9 $37.4 $24.9 $32.7 $29.8 $19.7 $22.4 $26.7 $47.4 $19.4 330 320 298 267 261 250 209 146 159 124 147 110 131 176 113

50 100 150 200 250 300 350 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016

SLIDE 8

NUMBER OF BUILDING PERMITS

Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections

Number of Permits 738 741 750 714 682 654 525 472 495 380 397 325 348 487 324 330 320 298 267 261 250 209 146 159 124 147 110 131 176 113

100 200 300 400 500 600 700 800 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 County Total DCL Watershed

SLIDE 9

DECLARED VALUE OF BUILDING PERMITS

Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections

Millions

Note: Declared value for “County Total” FY 2010 and FY 2014 includes wind turbines.

$85.1 $89.3 $107.2 $107.7 $122.4 $127.7 $75.6 $58.2 $208.1 $47.7 $45.4 $36.0 $89.9 $130.3 $40.6 $25.0 $28.8 $42.4 $52.5 $52.6 $74.8 $38.2 $33.3 $175.4 $17.7 $17.9 $13.6 $63.2 $82.9 $21.2

$- $50.0 $100.0 $150.0 $200.0 $250.0 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 County Total DCL Watershed

SLIDE 10