Budget analysis

Sheet1

PROPERTY TAX ANALYSIS: Problem #1
SCENARIO: Baseline
PROPERTY TAX DETERMINATION Assessed
Assessed Assess- % Value Dec. 2005 TAD
Value ment Equalized Distri- Apportioned Tax Tax Tax
Jan. 2005 Ratio Value bution Levies Rate Bills Receipts
City of Roaring Rapids 3,200,000 1.10 2,909,091 0.450 city 32,000 0.01000 55,273
county 23,273 0.00727
Parcel 1 land 200,000 total 55,273 0.01727
improvements 2,800,000
total 3,000,000 51,818
Parcel 2 land 100,000
improvements 100,000
total 200,000 3,455
Town of Placidville 3,200,000 0.90 3,555,556 0.550 town 12,800 0.00400 41,244
county 28,444 0.00889
Parcel 3 land 3,000,000 total 41,244 0.01289
improvements 200,000
total 3,200,000 41,244
Crepe Myrtle County 6,400,000 6,464,646
LOCAL City Town County DISTRIBUTION OF TAD RECEIPTS
GOVERNMENT
BUDGETS SPENDING 1,132,000 513,000 1,372,000 City Town Tax
FY 2018 AIDS 1,000,000 500,000 1,200,000 TAD TAD Received
OTHER REVENUES 100,000 200 120,283 Total receipts 55,273 41,244 96,517
Payments to:
PROPERTY TAX LEVY 32,000 12,800 51,717 City 32,000 32,000
Town 12,800 12,800
County 23,273 28,444 51,717
Balance 0 0
IMPACT ASSESSMENT
Baseline Scenario % Baseline Scenario %
Tax Tax Impact Change Tax Rate Tax Rate Impact Change
Property 1 51,818 51,818 0 0.000 City 0.01727 0.01727 0.00000 0.000
Property 2 3,455 3,455 0 0.000 Town 0.01289 0.01289 0.00000 0.000
Property 3 41,244 41,244 0 0.000