Budget for Website - Flipbook - Page 41
City Tax Base Analysis
2025
2026
(A)
(B)
TAXABLE
VALUE
(C)
(D)
----- TAXABLE ----LOSSES
ADJ
ADDNS
(E)
(F)
SEV
TAXABLE
VALUE
137,389,498
TOTAL TAX BASE
Commercial Real Property
137,644,043
0
(254,545)
0
167,211,000
Industrial Real Property
24,026,469
0
(169,338)
0
24,916,100
23,857,131
Residential Real Property
680,230,060
0
1,645,233
0
813,949,700
681,875,293
Total Real Property
680,230,060
0
1,645,233
0
813,949,700
843,121,922
27,528,000
(44,800)
(1,824,700)
848,400
26,506,900
26,506,900
778,201,340
(44,800)
(179,467)
848,400
840,456,600
869,628,822
0
0
0
0
0
0
GRAND TOTAL TAX BASE
TOTAL CIA TAX BASE
778,201,340
(44,800)
(179,467)
848,400
840,456,600
869,628,822
Commercial Real Property
Industrial Real Property
Residential Real Property
Base Value
Total CIA Capture
18,304,890
2,365,003
14,136,893
0
0
0
(79,458)
(16,506)
135,653
0
0
0
34,806,786
0
39,689
0
22,198,600
2,640,600
22,414,400
(34,806,786)
12,446,814
18,225,432
2,348,497
14,272,546
(34,806,786)
39,689
Total Personal Property
Total Ad Valorem Tax Base
Total Abatement Tax Base**
TOTAL DDA TAX BASE
Commercial Real Property
44,106,619
0
(179,993)
0
57,102,900
43,926,626
Residential Real Property
16,423,620
0
223,776
0
21,614,800
16,647,396
Personal Property
23,002,300
(13,000)
(1,336,100)
148,800
DDA Base Value
(10,249,470)
Total DDA Capture
73,283,069
(13,000)
Commercial/Industrial Real Property
1,580,963
Residential Real Property
30,543,332
0
21,802,000
21,802,000
(10,249,470)
(10,249,470)
90,270,230
72,126,552
(1,292,317)
148,800
0
0
0
1,598,900
1,580,963
0
(106,892)
0
30,936,900
30,436,440
0
0
0
TOTAL BROWNFIELD TAX BASE
Personal Property
BROWNFIELD Base Values
Total Brownfield Capture
NET TOTAL TAX BASE
(410,658)
0
0
(410,658)
(410,658)
31,713,637
0
(106,892)
0
30,526,242
30,025,782
673,204,634
(31,800)
1,219,742
699,600
719,660,128
767,476,488
** 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:
2025
2026
GROSS PER MILL
$778,201
$869,629
LESS: DDA/BROWNFIELD CAPTURE
$139,803
$102,192
NET PER MILL
$638,398
$767,437
BUDGET PER MILL (99%)
$632,014
$759,762
Column (A): The 2025TAXABLE VALUE after the Board of Review adjustments.
Column (B): The 2026 lost TAXABLE VALUE from demolitions and reclassifications.
Column (C): The 2026 TAXABLE VALUE changes resulting from market value adjustments of property.
Column (D): The 2026 new TAXABLE VALUE from additions, new construction and reclassifications.
Column (E): The 2026 SEV reflecting market value of all property after new, loss and adjustments.
Column (F): The 2026 TAXABLE VALUE after new, loss and adjustments.
City of Plymouth 2026/27 Budget
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