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PROPERTY TAX REVENUE Distribution: General Fund 100% Source:

Parker property owners

Collection:

The collection process begins with the Douglas County Assessor’s Office. Two types of property are valued by the Assessor’s Office: 1) “real property” (land and buildings) and 2) “personal property” (business machines and equipment). Once market values are established, the Assessor’s Office computes the assessed valuation of property based on state-legislated assessment percentages. Property is assessed at the end of one year, for collection in the following year. A ten year history of these assessment percentages is provided in the table below:

Overview: Assessment Percentages Property Class

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Real Property Commercial Residential

29.00 7.96

29.00 7.96

29.00 7.96

29.00 7.96

29.00 7.96

29.00 7.96

29.00 7.96

29.00 7.20

29.00 7.20

29.00 7.15

Personal Property

29.00

29.00

29.00

29.00

29.00

29.00

29.00

29.00

29.00

29.00

 Total assessed valuation (in millions) for the Town of Parker for the past ten years is demonstrated by the following table:

Assessed Valuation

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

$603.6

$559.4

$564.6

$568.2

$577.9

$667.8

$690.8

$791.2

$949.9

$987.5

Town of Parker 2021 Annual Budget

209

Revenue Manual

Profile for townofparkerco

Town of Parker 2021 Annual Budget  

Town of Parker 2021 Annual Budget  

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