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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

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

Profile for townofparkerco

Town of Parker 2018 Annual Budget  

View the Town of Parker's 2018 Annual Budget

Town of Parker 2018 Annual Budget  

View the Town of Parker's 2018 Annual Budget

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