26BUDGET(FULL-LINKED) - Flipbook - Page 50
City of Plymouth 2025 / 2026 Budget
City Tax Base Analysis
2024
2025
(A)
TAXABLE
VALUE
LOSSES
Residential Real Property
Commercial Real Property
601,986,908
129,294,691
(2,128,947)
(428,100)
31,149,679
4,396,709
10,681,140
868,000
854,589,100
163,422,500
640,743,913
133,701,434
Industrial Real Property
23,585,241
0
328,782
103,700
25,202,500
23,769,823
754,866,840
(2,557,047)
35,875,170
11,652,840
1,043,214,100
798,215,170
23,334,500
(1,938,500)
(1,426,000)
4,532,300
24,502,300
24,502,300
778,201,340
(4,495,547)
34,449,170
16,185,140
1,067,716,400
822,717,470
Total Abatement Tax Base**
0
0
0
0
0
0
GRAND TOTAL TAX BASE
778,201,340
(4,495,547)
34,449,170
16,185,140
1,067,716,400
822,717,470
Residential Real Property
Commercial Real Property
12,384,560
41,396,809
0
(428,100)
1,227,645
1,669,010
1,173,800
7,400
18,170,500
55,836,300
14,786,005
42,645,119
Personal Property
DDA Base Value
18,497,300
(10,249,470)
(313,500)
(1,070,000)
2,708,300
19,822,100
(10,249,470)
19,822,100
(10,249,470)
62,029,199
(741,600)
1,826,655
3,889,500
83,579,430
67,003,754
TOTAL BROWNFIELD TAX BASE
Residential Real Property
19,427,227
0
3,794,674
512,100
24,158,500
23,734,001
Comml/Industl Real Property
1,527,120
0
12,280
0
1,539,400
1,539,400
0
0
0
0
(B)
(C)
----- TAXABLE ----ADJ
(D)
(E)
ADDNS
SEV
(F)
TAXABLE
VALUE
TOTAL TAX BASE
Total Real Property
Total Personal Property
Total Ad Valorem Tax Base
TOTAL DDA TAX BASE
Total DDA Capture
Personal Property
BROWNFIELD Base Values
Total Brownfield Capture
NET TOTAL TAX BASE
(410,658)
0
0
(410,658)
(410,658)
20,543,689
0
3,806,954
512,100
25,287,242
24,862,743
695,628,452
(3,753,947)
28,815,561
11,783,540
958,849,728
730,850,973
** IFT Taxable Value and SEV are the taxbases subject to tax abatement. They are shown as one-half of the actual values in order to
simplify the millage rate analysis, since the tax abatement process levies one-half of the normal millage rate.
ON THE BASIS OF THE ABOVE, ONE MILL PRODUCES THE FOLLOWING TAX REVENUE:
2024
2025
GROSS PER MILL
$778,201
$822,717
LESS: DDA/BROWNFIELD CAPTURE
NET PER MILL
BUDGET PER MILL (99%)
$82,573
$695,628
$688,672
$91,866
$730,851
$723,542
Column (A): The 2024TAXABLE VALUE after the Board of Review adjustments.
Column (B): The 2025 lost TAXABLE VALUE from demolitions and reclassifications.
Column (C): The 2025 TAXABLE VALUE changes resulting from market value adjustments of property.
Column (D): The 2025 new TAXABLE VALUE from additions, new construction and reclassifications.
Column (E): The 2025 SEV reflecting market value of all property after new, loss and adjustments.
Column (F): The 2025 TAXABLE VALUE after new, loss and adjustments.
26BINTRO-11-CTBA.xlsx
TABLE OF CONTENTS
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