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.
Total Property Tax Levied
$20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 $50,000,000 $55,000,000 $60,000,000
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
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 $16.0M in FY2020 to $19.5M in FY2024. 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.
Non Property Tax Revenue
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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