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<br />Valuation and Funded Debt Hlttor'J
<br /> Ratio Funded
<br /> Piscal Taxable Funded Debt Debt to
<br /> Year Taxable Assessed Outstanding Taxable Funded
<br /> Ended Estimated Assessed Valuation at End Assessed Debt
<br /> ~ PoDulation Valustion Per CaDita of Year Valuation Per Capita
<br /> 1982 24,500 $192,893,296 $ 7,873 S 1,606,000 0.83 % $ 65.55
<br /> 1983 26,177 367,869,077 14,053 1,969,000 0.54% 75.22
<br /> 1984 33,345 396,108,922 11,053 7,834,000 1.98% 234.94
<br /> 1985 33,500 455,064,587 13,584 10,522,000 2.31 % 314.09
<br /> 1986 35,000 500,619,689 14,303 9,968,000 1.99% 284.80
<br /> 1987 34,650 781,212,501 22,546 10,000,000 1.28% 288.60
<br /> 1988 34,650 784,432,857 22,639 16,296,000 2.08% 470.30
<br /> 1989 36,900 655,114,637 17,754 15,695,000 2.40% 425.34
<br /> 1990 36,864 684,341,049 18,564 14,945,000 2.18% 405.41
<br /> 1991 34,500 652,831,326 18,923 17,890,000 2.74% 518.55
<br /> 1992 34,356 605,725,571. 17 ,630 20,065,000 3.31% 601.06
<br />· A1\cr deducting all exemptions and abatements.
<br />Tax Rate, LeTy and CoUection Hlttory
<br /> Fiscal
<br /> Year Distnbution
<br /> Ended Tax General Interest and % Current % Total
<br /> 9-30 Rate Fund SinkinJ Fund Tax Levv Collections(1) Collections
<br /> 1982 $1.0300 $0.8900 $0.1400 $1986,801 89.23% 101.08%
<br /> 1983 0.6500 0.5900 0.0600 2,391,685 90.00% 100.44%
<br /> 1984 0.6800 0.6200 0.0600 2,693,544 85.00% 100.50%
<br /> 1985 0.7600 0.6400 0.1200 3,458,491 86.28% 102.90%
<br /> 1986 0.7600 0.6300 0.1300 3,804,710 85.37% 99.85%
<br /> 1987 0.4900 0.4100 0.0800 3,827,941 82.30% 97.92%
<br /> 1988 0.4900 0.3900 0.1000 3,843,721 83.54% 101.25%
<br /> 1989 0.5820 0.4434 0.1386 3,812,767 87.56 % 99.08%
<br /> 1990 0.5972 0.4609 0.1363 4,086,884 85.95% 99.08%
<br /> 1991 0.5972 0.4582 0.1390 3,898,709 94.95% 100.26%
<br /> 1992 0.5972 0.4497 0.1475 3,552,355 84.10%(2) 86.20%(2)
<br />(1) Current collectioDl are calculated up to the delinquent date only.
<br />(2) CollectioDl for part year only, through lanuary 31, 1992.
<br />
<br />Property within the City is assessed as of lanuary 1 of each year (except for business inventory which may, at the option of the
<br />taxpayer, be assessed as of September 1); taxes become due October 1 of the same year, and become delinquent on Fcbroary
<br />1 of the following year. Split payments are not permitted. Discounts arc not allowed. Taxpayers 65 years old or older are
<br />permitted by State Jaw to pay taxes on homesteads in four installments with the first due on February 1 of each year and the
<br />final installment due on August 1.
<br />
<br />Charges for penalty and interest on the unpaid balance of delinquent taxes are made as follows:
<br />
<br />Month Penahv Interest Total
<br />February 6% 1% 7~
<br />March 7~ 2% 9%
<br />April 8% 3% 11~
<br />May 9% 4% 13%
<br />lune 10~ S% 15~
<br />luly 12~ 6~ 18%
<br />
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