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General Fund Property Tax Revenue Compared to General Fund Tax Levies from 2002 through 2011
<br /> General Fund Revenues:
<br /> General Fund
<br /> Year Tax Levy Property Tax(6) MVHC (7) Total Difference
<br /> 2002 3,428,870 2,951,442 414,877 3,366,319 (62,551)
<br /> 2003 3,606,775 3,228,625 375,789 3,604,414 (2,361)
<br /> 2004 4,102,610 3,780,464 351,284 4,131,748 29,138 (1)
<br /> 2005 6,187,900 5,851,136 (2) 310,736 6,161,872 (26,028)
<br /> 2006 6,708,100 6,340,693 278,217 6,618,910 (89,190)
<br /> 2007 6,973,500 6,697,485 250,339 6,947,824 (25,676)
<br /> 2008 7,248,200 6,949,029 129,575 (3) 7,078,604 (169,596)
<br /> 2009 7,395,708 7,011,130 164,464 (3) 7,175,594 (220,114)
<br /> 2010 7,395,708 7,006,639 0 (4) 7,006,639 (389,069)
<br /> 2011 7,395,708 7,204,840 0 (4) 7,204,840 (190,868) (5)
<br /> Notes:
<br /> 1. City experienced high collection rate of 99.78%, included are collections of prior years' delinquencies.
<br /> 2. Debt service included within the General Fund; thereby increasing property tax revenues
<br /> and expenditures for transfers out by the same amount.
<br /> 3. State cuts MVHC reimbursements.
<br /> 4. State cuts MVHC reimbursements to zero.
<br /> 5. City realized significant collections of delinquent taxes.
<br /> 6. Property tax revenues=collection of both current&delinquent
<br /> 7. MVHC= market value homestead credit.
<br /> 8. There were$329,500 in delinquent taxes receivable as of December 31, 2011.
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