REVISED 6/21/16 NEW CONSTRUCTION & ANNEXATION VALUES With 3% Computation of 3% budget increase: Highest Non-Exempt P-Tax Budget
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1 PROPERTY TAX REVENUE FY 16/17 ESTIMATED 5/24/16 REVISED 6/21/16 NEW CONSTRUCTION & ANNEXATION VALUES With 3% Computation of 3% budget increase: Highest Non-Exempt P-Tax Budget Multiply line 1 by 3% (1) $2,595,515 (2) $77,865 New Construction & Annexation budget increases: Enter the 2016 value of district's new construction roll from each applicable county below: County Name Ada County Estimate (A) 207,485,471 (B) Total of new Construction Roll Value for the District: (3) 207,485,471 Enter the 2016 value of annexation from property assessed by the County (A) 1,846,955 Enter the 2016 value of annexation from Operating Property. (B) 0 Total Annexation Value: (4) 1,846,955 Enter the total 2015 approved non-exempt levy rate: (5) New Construction Roll budget increase (multiply line 3 by line 5). (6) $193,552 Annexation budget increase (multiply line 4 by line 5). (7) $1,723 Foregone Amount: Enter the total available foregone amount here. (8) $0 Maximum Allowable Non-exempt Property Tax Budget: Add lines (9) $2,868,656 Property Tax Replacement Enter yearly amount of the agricultural equipment replacement money. (10) $19 Enter yearly amount of the personal property replacement money. (11) $8,463 Enter recovered Homeowner's Exemption property tax. (12) Enter the total of lines 10 through 13: (Must match col. 5 budget total of L-2). (13) $8,482 Maximum Allowable Non-exempt Property Tax to be Levied: Subtract line 14 from line 9 (14) $2,860,174 TAXABLE MARKET VALUE (May Estimate): $3,183,851,366 FY 16/17 LEVY RATE:
2 Distribution of Property Tax Revenue: Library: Property Tax Revenue FY 15/16 $1,103,241 FY 16/17 Library request to fund Budget Proposal ($1,171,843) $68,602 Library Property Tax Revenue FY 16/17 $1,171,843 City: Property Tax Revenue FY 15/16 $1,483,792 FY 16/17 Property tax revunue $204,539 City Property Tax Revenue FY 16/17 $1,688,331 Total Property Tax Revenue FY 16/17 $2,860,174
3 PROPERTY TAX REVENUE FY 16/17 ESTIMATED 5/24/16 REVISED 6/21/16 NEW CONSTRUCTION & ANNEXATION VALUES NO 3% Computation of 3% budget increase: Highest Non-Exempt P-Tax Budget Multiply line 1 by 3% (1) $2,595,515 (2) $0 New Construction & Annexation budget increases: Enter the 2016 value of district's new construction roll from each applicable county below: County Name Ada County Estimate (A) 207,485,471 (B) Total of new Construction Roll Value for the District: (3) 207,485,471 Enter the 2016 value of annexation from property assessed by the County (A) 1,846,955 Enter the 2016 value of annexation from Operating Property. (B) 0 Total Annexation Value: (4) 1,846,955 Enter the total 2015 approved non-exempt levy rate: (5) New Construction Roll budget increase (multiply line 3 by line 5). (6) $193,552 Annexation budget increase (multiply line 4 by line 5). (7) $1,723 Foregone Amount: Enter the total available foregone amount here. (8) $0 Maximum Allowable Non-exempt Property Tax Budget: Add lines (9) $2,790,790 Property Tax Replacement Enter yearly amount of the agricultural equipment replacement money. (10) $19 Enter yearly amount of the personal property replacement money. (11) $8,463 Enter recovered Homeowner's Exemption property tax. (12) Enter the total of lines 10 through 13: (Must match col. 5 budget total of L-2). (13) $8,482 Maximum Allowable Non-exempt Property Tax to be Levied: Subtract line 14 from line 9 (14) $2,782,308 TAXABLE MARKET VALUE (May Estimate): $3,183,851,366 FY 16/17 LEVY RATE:
4 Distribution of Property Tax Revenue: Library: Property Tax Revenue FY 15/16 $1,103,241 FY 16/17 Library request to fund Budget Proposal ($1,171,843) $68,602 Library Property Tax Revenue FY 16/17 $1,171,843 City: Property Tax Revenue FY 15/16 $1,483,792 FY 16/17 Property tax revunue $126,673 City Property Tax Revenue FY 16/17 $1,610,465 Total Property Tax Revenue FY 16/17 $2,782,308
5 PROPERTY TAXES - LEVY PROPERTY TAX COMPARISON LAST THREE FISCAL YEARS REVISED 6/21/16 COMPARISION INCLUDES FY 13/14 AS THE SAME LEVY RATE WAS ADOPTED FOR FY 14/15 INCREASE IN PROPERTY TAXES FROM FY 13/14 TO FY 16/17 FY 15/16 FY 14/15 ANNUAL 3% AND ANNUAL ANNUAL TAXABLE FY 13/14 SAME LEVY INCREASE IN ALL FOREGONE INCREASE IN FY 16/17 DECREASE IN TAXABLE FY 13/14 FY 16/17 INCREASE IN VALUE OF LEVY RATE RATE AS FY 13/14 PROPERTY LEVY RATE PROPERTY WITH 3% PROPERTY VALUE OF LEVY RATE WITH 3% PROPERTY RESIDENCE TAXES TAXES TAXES RESIDENCE TAXES $80, $60.36 $60.36 $0.00 $74.59 $14.23 $ $2.72 $80, $60.36 $71.87 $11.50 $90, $67.91 $67.91 $0.00 $83.91 $16.00 $ $3.06 $90, $67.91 $80.85 $12.94 $95, $71.68 $71.68 $0.00 $88.57 $16.89 $ $3.23 $95, $71.68 $85.34 $13.66 $100, $75.46 $75.46 $0.00 $93.24 $17.78 $ $3.40 $100, $75.45 $89.83 $14.38 $125, $94.32 $94.32 $0.00 $ $22.23 $ $4.25 $125, $94.32 $ $17.97 $150, $ $ $0.00 $ $26.67 $ $5.10 $150, $ $ $21.57 $175, $ $ $0.00 $ $31.12 $ $5.96 $175, $ $ $25.16 $200, $ $ $0.00 $ $35.56 $ $6.81 $200, $ $ $28.76 $225, $ $ $0.00 $ $40.01 $ $7.66 $225, $ $ $32.35 $250, $ $ $0.00 $ $44.46 $ $8.51 $250, $ $ $35.95 $300, $ $ $0.00 $ $53.34 $ $10.21 $300, $ $ $43.14 $325, $ $ $0.00 $ $57.79 $ $11.06 $325, $ $ $46.73 $350, $ $ $0.00 $ $62.24 $ $11.91 $350, $ $ $50.33 $375, $ $ $0.00 $ $66.68 $ $12.76 $375, $ $ $53.92 $400, $ $ $0.00 $ $71.13 $ $13.61 $400, $ $ $57.52 $450, $ $ $0.00 $ $80.02 $ $15.31 $450, $ $ $64.71 $500, $ $ $0.00 $ $88.90 $ $17.02 $500, $ $ $71.90 MONTHLY INCREASE $500,000 VALUE: $0.00 $7.41 -$1.42 MONTHLY INCREASE $500,000 VALUE: $5.99
6 CITY OF EAGLE FY 16/17 PROPERTY TAXES - LEVY REVISED 6/21/16 Taxable Property Value FY 15/16 $2,810,286,496 $373,564,870 Difference Taxable Property Value FY 16/17 $3,183,851,366 (Estimated) 3% LEVY RATES THE ANNUAL DECREASE IN PROPERTY TAXES TAXABLE FY 15/16 FY 16/17 ANNUAL DECREASE MONTHLY DECREASE VALUE OF LEVY RATE 3% $77,865 PROPERTY PROPERTY RESIDENCE TAXES TAXES $80, $74.59 $ $2.72 -$0.23 $90, $83.91 $ $3.06 -$0.26 $95, $88.57 $ $3.23 -$0.27 $100, $93.24 $ $3.40 -$0.28 $125, $ $ $4.25 -$0.35 $150, $ $ $5.10 -$0.43 $175, $ $ $5.96 -$0.50 $200, $ $ $6.81 -$0.57 $225, $ $ $7.66 -$0.64 $250, $ $ $8.51 -$0.71 $300, $ $ $ $0.85 $325, $ $ $ $0.92 $350, $ $ $ $0.99 $375, $ $ $ $1.06 $400, $ $ $ $1.13 $450, $ $ $ $1.28 $500, $ $ $ $1.42 NO 3% LEVY RATES THE ANNUAL DECREASE IN PROPERTY TAXES TAXABLE FY 15/16 FY 16/17 ANNUAL DECREASE MONTHLY DECREASE VALUE OF LEVY RATE NO 3% PROPERTY PROPERTY RESIDENCE TAXES TAXES $80, $74.59 $ $4.68 -$0.39 $90, $83.91 $ $5.26 -$0.44 $95, $88.57 $ $5.56 -$0.46 $100, $93.24 $ $5.85 -$0.49 $125, $ $ $7.31 -$0.61 $150, $ $ $8.77 -$0.73 $175, $ $ $ $0.85 $200, $ $ $ $0.97 $225, $ $ $ $1.10 $250, $ $ $ $1.22 $300, $ $ $ $1.46 $325, $ $ $ $1.58 $350, $ $ $ $1.71 $375, $ $ $ $1.83 $400, $ $ $ $1.95 $450, $ $ $ $2.19 $500, $ $ $ $2.44
7 CITY OF EAGLE FY 16/17 PROPERTY TAXES REVISED 6/21/16 Taxable Property Value FY 15/16 $2,810,286,496 Taxable Property Value FY 16/17 $3,183,851,366 COMPARISION WITH OR WITHOUT 3% 3% = $77,865 FY 16/17 TAXABLE WITH 3% FY 16/17 ANNUAL MONTHLY VALUE OF $77,865 NO 3% DIFFERENCE DIFFERENCE RESIDENCE $80, $71.87 $69.91 $1.96 $0.16 $90, $80.85 $78.65 $2.20 $0.18 $95, $85.34 $83.02 $2.32 $0.19 $100, $89.83 $87.39 $2.45 $0.20 $125, $ $ $3.06 $0.25 $150, $ $ $3.67 $0.31 $175, $ $ $4.28 $0.36 $200, $ $ $4.89 $0.41 $225, $ $ $5.50 $0.46 $250, $ $ $6.11 $0.51 $300, $ $ $7.34 $0.61 $325, $ $ $7.95 $0.66 $350, $ $ $8.56 $0.71 $375, $ $ $9.17 $0.76 $400, $ $ $9.78 $0.82 $450, $ $ $11.01 $0.92 $500, $ $ $12.23 $1.02
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