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
57
Made with FlippingBook