DeSoto FY21-FY22 Budget Book

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

$45,000,000

$40,000,000

$35,000,000

$30,000,000

$25,000,000

$20,000,000

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

3.2 Non-PropertyTaxRevenues:

Non property tax revenues include sales tax, utility franchise tax and hotel tax. Revenue from Non-Property tax sources have grown from $14.5M in FY2017 to $19.5M in FY2021. 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 Taxes Collected

$24,000,000

$22,000,000

$20,000,000

$18,000,000

$16,000,000

$14,000,000

$12,000,000

$10,000,000

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

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