Main >> City Departments >> Finance >> Taxes
2009 Adopted City Property Tax Rate .48700 per $100 Value
M & O .41279
I & S .07421
Your individual taxes may increase at a greater or lesser rate or even decrease, depending on the change in the taxable value of your property in relation to the changes in taxable value of all other property and the tax rate that is adopted.
2008 Adopted City Property Tax Rate .48700 per $100 Value
M & O .21949
I & S .26751
2007 Adopted City Property Tax Rate .50302 per $100 Value
M & O .21216
I & S .29086
2006 Adopted City Property Tax Rate .55800 per $100 Value
M & O .25044
I & S .30756 The following table compares taxes on an average home in this taxing unit last year to taxes on the average home this year. Your individual taxes may be higher or lower, depending on the taxable value of your property.
|
2007 |
2008 |
| Average Residence Homestead Value |
$92,757 |
$99,167 |
| General Exemptions Available |
$18,551 |
$19,833 |
|
(Amount available on the average homestead, not including senior citizen's or disabled person's exemptions) |
| Average Taxable Value |
$74,206 |
$79,334 |
| Adopted/Proposed Tax Rate (per $100) |
$0.50302 |
$0.48700 |
| Tax |
$373.27 |
$386.35 |
|
|
|
The taxes that would have been imposed in the preceeding tax year on a residence homestead at the average appraised value (excluding special exemptions for persons 65 years of age or older or disabled) are estimated to be $373.27. The taxes that would be imposed in the current tax year on a residence homestead appraised at the average appraised value in the current tax year (excluding special exemptions for persons 65 year of age or older or disabled) are estimated to be $386.35 The difference between the amount of taxes on the average residence homestead in the current tax year, if the proposed rate is adopted, and the preceeding tax year would be an increase of $13.09 in taxes
TAX LEVIES AND COLLECTIONS FIFTEEN (15) YEAR SUMMARY
| YEAR
| FISCAL YEAR
| VALUATION
| TAX RATE PER $100
| AMOUNT LEVIED
| TOTAL COLLECTIONS
| PERCENT COLLECTED |
|
1993
| 9/30/94
| $130,511,248
| 0.5790
| $ 755,660
|
$ 727,996
|
96.34% |
|
1994
|
9/30/95
|
$134,432,468
|
0.5973
|
$ 802,996
|
$ 771,349
|
96.06% |
|
1995
|
9/30/96
|
$144,030,380
|
0.5591
|
$ 805,317
|
$ 770,580
|
95.69% |
|
1996
|
9/30/97
|
$146,299,006
|
0.5688
|
$ 832,077
|
$ 797,249
|
95.81% |
|
1997
|
9/30/98
|
$150,590,430
|
0.5688
|
$ 851,653
| $ 826,847
|
97.09% |
| 1998
|
9/30/99
|
$ 154,173,910
| 0.5702
|
$ 879,273
|
$ 845,311
| 96.14% |
| 1999
|
9/30/00
|
$ 161,067,780
| 0.5702
|
$ 918,344
|
$ 885,412
|
96.41% |
|
2000
|
9/30/01
|
$ 169,000,770
| 0.5702
|
$ 958,256
|
$ 916,366
| 95.63% |
|
2001
| 9/30/02
|
$174,694,516
| 0.5757
|
$ 998,149
|
$ 960,698
| 96.25% |
|
2002
|
9/30/03
|
$ 175,515,964
| 0.5935
| $1,034,488
| $ 994,715
|
96.16% |
| 2003
|
9/30/04
|
$ 186,576,340
|
0.5885
|
$1,092,423
|
$1,048,332
|
95.96% |
|
2004
|
9/30/05
|
$ 190,737,140
| 0.5979
|
$1,140,456
|
$ 1,087,502
|
95.36% |
|
2005
|
9/30/06
|
$ 209,944,825
|
0.5496
|
$1,165,995
|
$ 1,123,215
| 96.33% |
|
2006
|
09/30/07
|
$215,974,373
|
0.5580
|
$1,205,820
|
$1,157,489
|
95.99% |
|
2007
|
09/30/08
|
$255,703,054
|
0.5030
|
$1,286,238
|
$1,231,405
as of 7/25/08
|
95.74% |
2008 – 2009
TOTAL CERTIFIED TAXABLE VALUES FOR 2008 – 2009 $ 285,759,893
TOTAL FREEZE ADJUSTED TAXABLE VALUES FOR 2008 - 2009 $ 247,767,979
|
TAX RATE |
100% COLLECTIONS |
95% COLLECTIONS |
Needed to satisfy bonded indebtedness
(Interest & Sinking) |
0.26751% |
$662,804 |
$629,664 |
Needed for Maintenance and Operations
Tax Ceiling and Transfer Adjustments |
0.21949%
|
$543,826
$156,041 |
$516,635
$148,239 |
| Needed for 2008 – 2009 Taxing Purposes/ |
0.48700% |
$1,362,671 |
$1,294,538 |
| PROPERTY TAXES |
Last Year |
This Year |
Increases |
| Average Homestead Value |
$92,757 |
$99,167 |
$6,410 |
| General Exemptions Available (20%) |
$18,551 |
$19,833 |
$1,282 |
| Average Taxable Value |
$74,206 |
$79,334 |
$5,128 |
| Tax Rate (per $100) |
$0.50302 |
$0.48700 |
$0.01602 |
| Tax |
$373.27 |
$386.36 |
$13.09 |
|
