Tax Value & Levy Projections
Taxable Value and Tax Levy Projections
The following is the City's estimated property tax levies for from 2022 - 2027. The calculations below show the starting operating levy reduced by tax captures for the City's Brownfield and Downtown Economic Growth Authority (DEGA).
(a) Taxable Values are reduced for approved Renaissance Zone properties, and includes reimbursements of Personal Property exemptions under Public Act 86 of 2013.
(b) Represents property tax revenue captured for Brownfield Redevelopment and the Downtown Development Authorities Tax Increment Financing (TIF) plans.
(c) Reduction of General Operating Millage from 19.2705 to 12.0000 in FY 2017 based on Foundation for Excellence MOU (approved by City Commission on 10.26.16).