FY 2020 Budget

FY 2019 Levy Rate $8.10000 0.28827 3.00375 8.38827

FY 2020 Levy Rate $8.10000 0.25801 3.00375 8.35801

FY 2020 Dollars Generated $3,974,524

City Levy

Increase / (Decrease) $148,058

% Change

3.87% (7.03%) 2.80% 3.49%

Regular General Levy

126,601

(9,579)

Liability, property & self-insurance costs Ag Land (Not included in Total GF Levy) Total General Fund Regular Levies

6,273

171

4,107,398

138,650

Special Revenue Levies Police & Fire Retirement Other Employee Benefits Total Employee Benefit Levies

0.70451 1.82721 2.53172

0.73805 1.82393 2.56198

362,148 894,970 1,257,118

29,335 31,790 61,125

8.81% 3.68% 5.11%

1.08000

1.08000

577,666

20,050

3.60%

Debt Service Levy

Total City Levy

$11.99999 $11.99999

$5,942,182

$219,825

3.84%

Special Taxing District Levies SSMID 1*

4.0004 2.00000

4.0004 2.00000

66,248 27,109 93,357

(85) (279) (364)

(0.13%) (1.02%) (0.39%)

SSMID 2*

Total Special Taxing Districts

$6,035,539

$219,461

3.77%

Total City and Special Taxing District

* SSMID taxes are only paid by those properties located within one of the city’s two SSMID Districts. These taxes are added above the overall City levy. The impact on residential and commercial property is displayed below. The estimated impact is based on a simple calculation including the property valuation, state rollback and proposed tax rate. Individual property impact will vary based on whether the property qualifies for any tax exemptions and if the county has adjusted the property value. The graphic shows the comparison between the estimated taxes paid in Fiscal Year 2019 and Fiscal Year 2020.

Residential Property

100% Valuation

$100,000

$200,000

$300,000

FY 2019 55.6209% 55,620.90

FY 2020 56.9180%

FY 2019 55.6209%

FY 2020 56.9180%

FY 2019 55.6209%

FY 2020 56.9180%

Rollback

Taxable Value

56,918.00 111,241.80 113,836.00 166,862.70 170,754.00 $11.99999 $11.99999 $11.99999 $11.99999 $11.99999 $11.99999

Tax Rate

Estimated Taxes

$667.45

$683.02

$1,334.90

$1,366.03

$2,002.35

$2,049.05

Change due to Rollback Change due to Rate Increase Total Change per Year Change per Month

$15.57 $0.00 $15.57 $1.30

$31.13 $0.00 $31.13 $2.59

$46.70 $0.00 $46.70 $3.89

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