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HomeMy WebLinkAboutSupplemental Attachments - 1/6/20Updated by JSlife 1/3/20 PROPERTY CLASS TOTAL ASSESSED VALUES FYE2021 AND FYE2020 BUDGETS Values as of January 1, 2019 FYE2020 EQUALIZATION ASSESSED ORDER VALUES INCREASE (DECREASE) NEW FYE2021 TIF GROWTH NET FYE2021 VALUE INCREASE INCREASE ASSESSED RELEASED (DECREASE) (DECREASE) VALUES % NEW GROWTH RESIDENTIAL 2,550,542,197 0 73,504,230 73,504,230 2,624,046,427 2.88% COMMERCIAL 744,761,961 0 (4,022,253) (4,022,253) 740,739,708 -0.54%, INDUSTRIAL 117,329,138 0 3,145,272 3,145,272 120,474,410 2.68%; MULTI -RESIDENTIAL 74,931,676 (1,032,268) (1,032,268) 73,899,408 -1.38%, MACHINERY & EQUIPMENT 0 0 0 0 0 UTILITIES 179,063,931 0 7,374,213 7,374,213 186,438,144 4.12% ADD: TIF 283,631,788 0 (7,990,890) 26,598,249 18,607,359 302,239,147 9.38%, LESS: MILITARY CREDIT 0 0 0 0 0 SUBTOTAL 3,950,260,691 0 (7,990,890) 105,567,443 97,576,553 4,047,837,244 2.67% AGLAND 25,876,670 0 0 (7,550,530) (7,550,530) 18,326,140 -29.18% TOTAL 3,976,137,361 0 (7,990,890) 98,016,913 90,026,023 4,066,163,384 2.47% Growth Without TIF Notes: 1) Assessed Values provided by Black Hawk County 2.15% 2) No Equalization Orders were issued for FYE2021. K:\USERS\MICHELLE-W\Property Valuation\Valuation Growth 2021 Revaluations Separate.xls Val Growth FYE2021 Updated by JSlife 1/3/20 TOTAL TAXABLE VALUES FYE2021 AND FYE2020 BUDGETS Values as of January 1, 2019 PROPERTY CLASS RESIDENTIAL FYE2020 TAXABLE VALUES 1,447,591,365 I EQUALIZATION INCREASE NET OF ROLLBACK (DECREASE) 0 ROLLBACK INCREASE (DECREASE) (48,815,841) TIF VALUE RELEASED NEW GROWTH INCREASE (DECREASE) 40,481,940 FYE2021 NET INCREASE (DECREASE) (8,333,901) FYE2021 TAXABLE VALUES 1,439,257,464 NET CHANGE -0.58% oio NEW TAXABLE' GROWTH 2.80% COMMERCIAL 654,112,386 0 (1,606,681) (3,620,028) (5,226,709) 648,885,677 -0.80% -0.55%" INDUSTRIAL 102,437,652 0 (112,869) 2,830,745 2,717,876 105,155,528 2.65% 2.76%j MULTI -RESIDENTIAL 56,198,840 0 (2,811,273) (734,201) (3,545,474) 52,653,366 -6.31% -1.31% MACHINERY & EQUIPMENT 0 0 0 0 0 0 0 0.00%'I UTILITIES 97,215,444 0 0 (4,509,560) (4,509,560) 92,705,884 -4.64% -4.64%. ADD: TIF 267,969,299 0 0 (7,191,801) 23,627,941 16,436,140 284,405,439 6.13% 8.82% LESS: MILITARY CREDIT SUBTOTAL (4,932,861) 2,620,592,125 0 0 0 (53,346,665) (7,191,801) 257,487 58,334,325 257,487 (2,204,141) (4,675,374) 2,618,387,984 -5.22% -0.08% -5.22% 2.23% AGLAND 14,263,702 0 0 0 627,449 627,449 14,891,151 4.40% 4.40% TOTAL 2,634,855,827 0 (53,346,665) (7,191,801) 58,961,774 (1,576,692) 2,633,279,135 -0.06% 2.24% Taxable Growth Without TIF 35,076,346 Excluding TIF and Agland (18,270,319) (18,640,281) Notes: 1) FYE2021 Rollback Factors = Residential 55.0743%, Commercial 90.00%, Industrial 90.00%, Multi -Residential 71.25% and Agland 81.4832% 2) FYE2020 Rollback Factors = Residential 56.9180%, Commercial 90.00%, Industrial 90.00%, Multi -Residential 75.00% and Agland 56.1324% 3) FYE2019 Rollback Factors = Residential 55.6209%, Commercial 90.00%, Industrial 90.00%, Multi -Residential 78.75% and Agland 54.4480% K:\USERS\MICHELLE-1MProperty Valuation\Valuation Growth 2021 Revaluations Separate.xls Val Growth FYE2021 1.49%'! HISTORICAL TREND ANALYSIS OF CHANGES IN PROPERTY VALUATION - CITY OF WATERLOO Updated By JSlife 1/2/20 MW 1/2/2020 12/31/2019 AMOUNT PERCENT CHANGE IN As of 12/30/2015 Revised 2/1/2017 As of 12/22/2017 As of 12/21/2018 As of 12/23/2019 CHANGE CHANGE TAX DOLLARS ASSESSMENT DATE/ 2015/FYE2017 Category Estimated 2016/FYE2018 Category Estimated 2017/FYE2019 Category Estimated 2018/FYE2020 Category Estimated 2019/FYE2021 Category Estimated FROM FYE2020 FROM FYE2020 FROM FYE2020 BUDGET YEAR VALUATION % Tax Dollars VALUATION % Tax Dollars VALUATION % Tax Dollars VALUATION % Tax Dollars VALUATION % Tax Dollars TO FYE2021 TO FYE2021 TO FYE2021 TOTAL VALUE BY CLASS RESIDENTIAL 2,493,002,680 70.01% 2,512,241,137 70.00% 2,524,417,297 69.92% 2,550,542,197 69.07% 2,624,046,427 69.72% 73,504,230 2.88% COMMERCIAL 701,726,320 19.71% 710,134,135 19.79% 696,582,241 19.29% 744,761,961 20.17% 740,739,708 19.68% (4,022,253) -0.54% INDUSTRIAL 118,968,658 3.34% 117,151,045 3.26% 116,393,050 3.22% 117,329,138 3.18% 120,474,410 3.20% 3,145,272 2.68% MULTIRESIDENTIAL 51,547,226 1.45% 51,105,954 1.42% 75,638,647 2.09% 74,931,676 2.03% 73,899,408 1.96% (1,032,268) -1.38% MACH. & EQUIP. - UTILITIES & R.R. 167,235,584 4.70% 170,488,163 4.75% 171,804,780 4.76% 179,063,931 4.85% 186,438,144 4.95% 7,374,213 4.12% AG. LAND 28,195,789 0.79% 27,867,579 0.78% 26,082,269 0.72% 25,876,670 0.70% 18,326,140 0.49% (7,550,530) -29.18% TIF 243,670,024 242,246,094 279,153,501 283,631,788 302,239,147 18,607,359 6.56% TOTAL ASSESSED VALUATION 3,804,346,281 100.00% 112,407,948 3,831,234,107 100.00% 26,887,826 3,890,071,785 100.00% 58,837,678 3,976,137,361 100.00% 86,065,576 4,066,163,384 100.00% 90,026,023 2.26% RESIDENTIAL 55.6259% 56.9391% 55.6209% 56.9180% 55.0743% -3.24% 0.00 COMMERCIAL 90.0000% 90.0000% 90.0000% 90.0000% 90.0000% MULTIRESIDENTIAL 86.2500% 82.5000% 78.7500% 75.0000% 71.2500% -5.00% TAXABLE VALUATION - 17.60522 17.60000 17.45595 17.54799 17.54799 _ RESIDENTIAL 1,383,126,415 61.12% 24,350,245 1,426,734,942 61.99% 25,110,535 1,400,102,962 61.46% 24,440,127 1,447,591,365 T 61.32% 25,402,319 1,439,257,464 61.46% 25,256,076 (8,333,901) -0.58% (146,243) COMMERICIAL 620,075,361 27.52% 10,916,563 626,685,915 27.34% 11,029,672 614,016,517 27.06% 10,718,242 654,112,386 27.80% 11,478,358 648,885,677 27.80% 11,386,639 (5,226,709) -0.80% (91,718) INDUSTRIAL 104,318,361 4.63% 1,836,548 102,735,087 4.48% 1,808,138 101,985,208 4.49% 1,780,249 102,437,652 4.35% 1,797,575 105,155,528 4.51% 1,845,268 2,717,876 2.65% 47,693 MULTIRESIDENTIAL 44,459,524 1.97% 782,720 41,844,035 1.83% 736,455 59,565,472 2.63% 1,039,772 56,198,840 2.39% 986,177 52,653,366 2.26% 923,961 (3,545,474) -6.31% (62,216) MACH. & EQUIP. 0 0 - - UTILITIES &R.R. 107,113,510 4.75% 1,885,757 100,143,383 4.37% 1,762,524 98,900,855 4.36% 1,726,408 97,215,444 4.13% 1,705,936 92,705,884 3.97% 1,626,802 (4,509,5601 -4.64% (79,134) LESS MILITARY (6,008,327) (105,778) (5,774,986) (101,640) (5,436,059) (94,892) (4,932,861) (86,562) (4,675,374) (82,043) 257,487 -5.22% 4,518 TOTAL TAXABLE - - VALUATION 2,253,084,844 100.00% 39,666,054 2,292,368,376 100.00% 40,345,683 2,269,134,955 100.00% 39,609,906 L 2,352,622,826' 100.00% 41,283,802 2,333,982,545 100.00% 40,956,702 (18,640,281) -0.79% (327,099) T.I.F. VALUATION 229,899,157 726,720 230,753,488 729.421 263,287,703 786,777 267,969,299 800,767 284,405,439 783,807 16,436,140 6.13% (16,96_91 TAX. VALUE/D.S. 2,482,984,001 2,523,121,864 2,532,422,658 2,620,592,125 2,618,387,984 (2,204,141) -0.08% - AG LAND 12,372,578 37,163 12,521,362 37,610 13,845,512 41,587 14,263,702 42,843 14,891,151 44,728 627,449 4.40% 1,885 40,429,938 41,112,714 40,438,271 42,127,412 41,785,238 - (342,175) UTILITIES VALUE - - FOR EXCISE TAX 91,227,224 84,504,298 83,274,717 81,260,971 E 78,392,110 (2,868,861) -3.53% TOTAL TAXABLE AND - UTILITIES EXCISE T - (EXCLUDINGAG & TIF) 2,253,084,844 2,292,368,376 2,269,134,955 2,352,622,826 2,333,982,545 (18,640,281) -0.79% TIF VALUATION FOR DEBT LIMIT CA 243,670,024 230,753,488 263,287,703 267,969,299 284,405,439 TOTAL ASSESSED FOR DEBT LIMIT CALC 3,770,142,165 3,786,098,936 3,842,687,659 3,929,665,341 4,025,328,162 188,507,108 189, 304,947 192,134, 383 196,483,267 201,266,408 FYE2017 FYE2018 FYE2019 FYE2020 FYE2021 TOTAL TAXABLE VALUATION 2,253,084,844 2,292,368,376 2,269,134,955 2,352,622,826 2,333,982,545 TAX. VALUE/D.S. 2,482,984,001 2,523,121,864 2,532,422,658 2,620,592,125 2,618,387,984 TOTAL ASSESSED VALUATION 3,804,346,281 3,831,234,107 3,890,071,785 3,976,137,361 4,066,163,384 TIF AS A % OF TOTAL ASSESSED 6.0431% 6.0230% 6.7682% 6.7394% 6.9944% TIF AS A % OF TOTAL TAXABLE 9.2590% 9.1456% 10.3967% 10.2255% 10.8619% - INCREASE IN TAXABLE VALUE 34,301,041 1 39,283,532 (23,233,421) 83,487,871 (18,640,281) TIMES LEVY RATE 17.60522 17.60000 17.45595 17.54799 17.54799 EST CHANGE IN TAXES 603,877 691,390 (405,561) 1,465,044 (327,099) K:\USERS\MICHELLE-WProperty Valuation\Valuation FY93 Through FYE2021.xlsx PROPERTY VALUATION ANALYSIS