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
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
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 7.96
29.00 7.96
29.00 7.96 *
Personal Property:
29.00
29.00
29.00
29.00
29.00
29.00
29.00
29.00
29.00
29.00
*The residential real property assessment percentage will change to 7.20 for the 2017 assessment that impacts 2018 property tax collected Total assessed valuation (in millions) for the Town of Parker for the past nine years is demonstrated by the following table:
Assessed Valuation
Revenue Manual
2007 $556.0
2008 $582.4
2009 $597.0
2010 $603.6
2011 $559.4
70
2012 $564.6
2013 $568.2
2014 $577.9
2015 $667.8
2016 $690.8