Fiscal Year 2019 Budget

13

FY 2018 Levy Rate $8.10000 0.27988 3.00375 8.37988

FY 2019 Levy Rate $8.10000 0.28827 3.00375 8.38827

FY 2019 Dollars Generated $3,826,466

City Levy

Increase / (Decrease) % Change

$59,271

1.57% 4.62% 5.24% 1.68%

Regular General Levy

136,180

6,012

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

6,102

304

3,968,748

65,587

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

0.72551 1.80627 2.53178

0.70451 1.82721 2.53172

332,813 863,180 1,195,993

(4,611) 23,109 18,498

-1.36% 2.75% 1.57%

1.08000

1.08000

557,616

20,187

3.76%

Debt Service Levy

Total City Levy

$11.99166 $11.99999

$5,722,357

104,272

1.85%

Special Taxing District Levies SSMID 1*

4.00001 2.00004

4.0004 2.00000

66,333 27,388 93,721

3,179 4,943 8,122

5.03% 22.02% 9.49%

SSMID 2*

Total Special Taxing Districts

$5,816,078

$112,394

1.97%

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 2018 and Fiscal Year 2019.

Residential Property

100% Valuation

$100,000

$200,000

$300,000

FY 2018 56.9391% 56,939.10

FY 2019 55.6209%

FY 2018 56.9391%

FY 2019 55.6209%

FY 2018 56.9391%

FY 2019 55.6209%

Rollback

Taxable Value

55,620.90 113,878.20 111,241.80 170,817.30 166,862.70 $11.99166 $11.99999 $11.99166 $11.99999 $11.99166 $11.99999

Tax Rate

Estimated Taxes

$682.79

$667.45

$1,365.59

$1,334.90

$2,048.38

$2,002.35

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

($15.82)

($31.64)

($47.46)

$0.48

$0.95

$1.43

($15.34) ($1.28)

($30.69) ($2.56)

($46.03) ($3.84)