The following graph shows the historical growth in property value in the past 5-years and projected growth in value in the future. Conservatively estimated, growth in the next five years is estimated at 1.84% annually.
3.2 Non-Property Tax Revenues:
Non property tax revenues include sales tax, utility franchise tax and hotel tax. Revenue from Non-Property tax sources have grown from $15 .3 M in FY201 9 to $18.8 M in FY202 3 . The following chart shows the historical data in the past five years and projected future revenues for Non-Property tax. Revenues are projected to grow by an average of 4% annually for the next five years .
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