Reference Number: 
CTAS-2100

Previous Year Assessments___________________________

Real Property                                                         $3,027,936,200

Tangible Personal Property                                   $395,556,002

Intangible Personal Property                                                   $0

Public Utilities & Transportation                            $144,750,000

Total Assessed Value                                        $3,568,242,202

Apply Previous Year Tax Rate                                        $0.0247

Property Tax Collection at 100%                              $88,135,582

Actual Property Tax Collected                                 $83,728,803

Actual Collection Percentage                                              95%

Current Year Assessments____________________________

Real Property                                                         $3,107,686,845

Tangible Personal Property                                   $359,968,235

Intangible Personal Property                                                   $0

Public Utilities & Transportation                            $130,880,876

Total Assessed Value                                       $3,598,535,956

Apply Current Year Tax Rate                                          $0.0247

Property Tax Collection at 100%                             $88,883,838

Apply Historical Collection Percentage                                 95%

Property Tax Collection Estimate                            $84,439,646                  

Net Penny Calculation________________________________

Property Tax Collection Estimate                            $84,439,646

(Using Historical Collection Percentage)

Divide by 100                                                               $844,396

Determining the Yield of One Cent of the Property Tax Rate

Total Assessed Value                                         $3,598,535,956

Divide by $100                                                            $35,985,359

Multiply by one cent ($0.01)                                            $359,853

Multiply by historical collection percentage                          95%

What one-cent yields from a one cent rate                    $341,860