County Assessor 2017 Budget Presentation

Assessor – What We Do 2017 Proposed - $939,370 A 4.02% increase over 2016 Budget of $903,030 The Summit County Assessor is responsible for the following processes of government: Estimate market value for tax purposes on both real and personal property. Administers Utah State Farmland Assessment Act Administers Primary Residential Exemption statutes Complies with State mandated sales ratios Defends assessment values at local and State levels Staff functions for Council on all Exemption applications

Assessor – Pondering Points Valuation - 40,372 real property accounts valued at $21,372,931,582 Taxable value of $16,793,365,759 – generates 41% of County revenue 2015 Value for new growth is $1,635,975,130 Adjustments to Valuation BOE: 2016 adjustments to value were less than .002 percent Appeals have declined from 1,152 in 2014 to 657 in 2016 (mostly primary adjustments. Cost to Value Ratios (Every dollar spent on salaries) Personal Property: $1 spent yields $29 return FAA Recapture: $1 spent yields $11 return Real Property: $1 spent yields $60 return Every property returned to non-exempt status increases taxable value by over 45%

S.W.O.T. Analysis – County Assessor Strengths 150 years of accumulated experience All appraisal staff are Certified Ad Valorem appraisers Most appraisal staff are Certified Residential Appraisers Certified Personal Property Auditor Trained FAA (Greenbelt) Auditor Great interdepartmental interaction Weaknesses Annual processes over and over again Need statistical and analytical tools Annual 1/5 of County reappraisal process is inefficient Lack of advanced technical programs Opportunities Pictometry would be very useful not only to this department but to many others. Other counties are using it to expedite the 5 year reappraisal mandate from the State New statewide appraisal system is being finalized and looks promising Threats Legislators who are not clear on the functions and responsibilities of the office Changes in licensing requirements make training/retention/hiring more difficult and expensive Imbalance between new hires and existing staff due to market demand

Personnel – Assessor Our department includes the Assessor, Chief Deputy, Deputy Assessor, Appraisors (6), and a Technician

Budget Analysis - Assessor

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