2016-2020_Financial_Plan_Web

Major Revenue Sources

2015 Assessment Roll and Taxation Comparison

2014 Assessment

2015 Assessment

Residential 86.2%

Residential 86.1%

Business 11.4%

Business 11.3%

Other 0.3%

Industrial 2.2%

Other 0.3%

Industrial 2.3%

2015 Taxation

2014 Taxation

Business 27.0%

Residential 64.9%

Business 27.0%

Residential 65.0%

Other 2.9%

Industrial 5.1%

Other 3.0%

Industrial 5.2%

The charts above represent assessment values and property taxes. Assessed values are divided by 1,000 and then multiplied by the applicable tax rate to determine the annual tax levy. As shown, residential assessment values represent approximately 86% of total assessment value in the City but generate only 65% of the property tax revenue.

2016-2020 FINANCIAL PLAN

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