Page 43 - FY 2022-23 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Property Tax - Supplemental
(Thousand Dollars)

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,515 3,542 3,720 3,660 3,430 (230) 3,430 3,970
AUGUST 2,303 2,954 3,618 3,075 2,439 (636) 2,439 920
SEPTEMBE - - - - - - - -
OCTOBER - - - - - - - -
NOVEMBER 6,413 9,090 6,119 6,530 4,443 (2,087) 4,443 7,510
DECEMBER 1,016 928 793 850 2,598 1,748 2,598 1,730
JANUARY 4,438 4,552 5,273 5,630 5,962 332 5,962 5,930
FEBRUARY 4,317 3,106 3,690 3,940 4,612 672 4,612 4,260
MARCH 2,880 2,488 2,461 2,630 3,844 1,214 3,844 3,130
APRIL 3,184 2,573 2,962 3,840 3,390 3,370
MAY 7,063 4,219 8,731 7,120 8,360 8,300
JUNE 5,141 5,587 3,101 5,380 5,121 5,090
TOTAL $ 39,270 $ 39,039 $ 40,469 $ 42,655 $ 44,199 $ 44,210
% Change 13.6% -0.6% 3.7% 5.4% 9.2% 0.0%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 2,515 3,542 3,720 3,660 3,430 (230) 3,430 3,970
AUGUST 4,818 6,496 7,339 6,735 5,869 (866) 5,869 4,890
SEPTEMBE 4,818 6,496 7,339 6,735 5,869 (866) 5,869 4,890
OCTOBER 4,818 6,496 7,339 6,735 5,869 (866) 5,869 4,890
NOVEMBER 11,231 15,586 13,457 13,265 10,312 (2,953) 10,312 12,400
DECEMBER 12,247 16,514 14,250 14,115 12,911 (1,204) 12,911 14,130
JANUARY 16,685 21,066 19,523 19,745 18,873 (872) 18,873 20,060
FEBRUARY 21,002 24,172 23,213 23,685 23,485 (200) 23,485 24,320
MARCH 23,882 26,660 25,674 26,315 27,329 1,014 27,329 27,450
APRIL 27,066 29,233 28,636 30,155 30,719 30,820
MAY 34,129 33,451 37,368 37,275 39,079 39,120
JUNE 39,270 39,039 40,469 42,655 44,199 44,210

The levy of property taxes is based on the lien date of January 1. Properties assessed after the lien date due to
real estate sales or improvements are supplemental taxes which are distributed to taxing jurisdictions about six
months following receipt by the County. The real estate boom created an environment for a high level of
supplemental adjustments. Receipts bottomed out in 2009-10. Receipts from 2014-15 through the current year
have been steadily increasing with modest price appreciation and low sales volume.
The 2021-22 estimate has been increased to reflect the current trend in receipts. The estimate for 2022-23
assumes a similar level of receipts.

Property Tax Supplemental - 12-Month Moving Sum
(Million Dollars)
70
-Actual
60
□ Adopted Revenue
50 • Estimate Revenue t-------+----+-----,,-
40

30
20
10
0
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Fiscal Year Ending

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