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CALCULATION OF ANNUAL TAX CAPACITY RATES -WITH NO NEW POSITIONS ADDED YEARS 2019-2023
<br />Per City's 2013 Strategic Plan, City has been striving to hold tax rate constant of prior years of 44.2%
<br />PROPOSED TAX CAPACITY RATES SUMMARY ( Details Below):
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />40.437%
<br />40.892%
<br />42.164%
<br />42.635%
<br />44.782%
<br />2019
<br />•
<br />8.43% Increase in value
<br />Est County ifs
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity TAXABLE VALUE VALUATION
<br />General 9,817,650 1,520,530 8,297,120 24,888,422 33.337% Per County
<br />EDA 101,663 18,533 83,130 24,888,422 0.334% Tax Capacity -Commercial
<br />Bonds 1,994,072 310,078 1,683,994 24,888,422 6.766%
<br />11,913,385 1,849,141 10,064,244 40.437% Tax Capacity -Residential
<br />FD Contribution
<br />TIF Captured
<br />6,263,652
<br />22,020,535
<br />(2,245,765)
<br />11,150,000)
<br />24,888,422
<br />Bonded Debt -Levied
<br />2013 Capital Equipment Certificates(2023 Last Year) 77,267
<br />2014 Capital Equipment Certificates (2024 last year) 100,853
<br />2015 Road Improvement Debt (2025 last year) 114,248
<br />Muni Center (2031 last Year) 1,136,613
<br />Fire Station 82 (2033 last year) 205,678
<br />2016 Road Improvement Debt (2026 last year) 155,017
<br />2017 Road Improvement Debt (2027 last year) 93,195
<br />2018 Road Improvement Debt (2028 last year) 111,201
<br />Total Bonded Debt Levied 1,994,072
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