PUBLIC HEARING 2016-2017 Budget and Proposed Property Tax Rate Tuesday, June 25, 2013 Presented: Tuesday, August 23, 2016

2016-2017 Budget Adopted June 21, 2016

2017 Estimated Revenue And Other Sources * *BASED ON PRELIMINARY ASSESSED PROPERTY VALUES OF $1,860,750,078, REDUCED BY 5% BASED ON HISTORICAL TRENDS AT A MAINTENANCE AND OPERATIONS TAX RATE OF $1.17 PER $100 OF VALUATION, AT A 94.5% COLLECTION RATE

2017 Adopted Budget By Class Object

2017 Adopted Budget By Function

Top 10 Taxpayers Taxpayer Name El Paso Outlet Outparcels LLC Tenet Hospitals Limited Care Fusion 213 LLC Sumitomo Electric Wiring System Inc Plexxar Joint Venture Quarry Cave Partners LTD BSteel Properties I LTD El Paso Electric Co ADP LLC Eagle Family Foods Inc Source: EPCAD Report as of 8/03/16

Calculated Tax Rate 2016 Certified Property Values - $1,849,733,399 Net Taxable Maintenance and Operations (M & O) Projected Revenue for Operating Costs $20,451,577 (Certified Values / $100 X $1.17 X 94.5%*) Proposed M & O Rate $ 1.17000 Debt Service (I & S) Debt Service Amount (to be paid from property taxes) $6,292,793 (Certified Values / $100 X $0.36 X 94.5%*) Debt Service Tax Rate Per $100 Valuation $ 0.36000 Rollback Rate $1.53000 *Projected Revenue at 94.5% Collection Rate 7

Impact of Tax Rates on Average Homeowner 2015 2016 Value After CAP Change Avg. Appraised Value $152,099 $153,274 Homestead Exemption ( 25,000) Taxable Value $127,099 $128,274 $1,175 Tax Rate $1.53000 $0.00000 Rollback Tax Rate Property Tax Levied* $ 1,945 $ 1,963 $18 *The Average Homeowner will pay more taxes due to higher property values.

Public Comment

Motion: To Adopt the 2016-2017 Property Tax Rate Tax Rate Resolution Maintenance & Operation Rate- $1.17000 Interest & Sinking Rate - $0.36000 Total Tax Rate $1.53000

Questions