ASSESSOR BUDGET PRESENTATION.PPT
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2016 Budget Presentation Paul D. Petersen, Assessor Benchmarks Paul D. Petersen Assessor FY 2016 Issues Paul D. Petersen Assessor Employee Performance Pay\Merit Proposed legislation – Single Year Property Valuation and Taxation Calendar in 2018 Project MARS Funding in Capital Plan for Year Three Canvass Funding in Base Budget Turnover Paul D. Petersen Assessor % 18 Total Terms 16 14 12 10 8 Reasons for 6 Leaving: 34% retirements, 32% 4 better pay/job. 2 32% other, 2% “involuntary” 0 2010 2011 2012 2013 2014 Calendar Year Single Year Calendar Legislation Paul D. Petersen Assessor Project MARS Paul Assessor D. Petersen “WEDNESDAY “WEDNESDAY LAUNCH” LAUNCH Project MARS Paul D. Petersen Assessor Canvass Update Paul D. Petersen Assessor § 26,851 SFR parcels out of 47,200 reviewed as of November 11, 2014 (Area: S of Loop 101, N of Tbird, E of 59th Ave., and W of 64th St.) § Avg. 2016 FCV increase: $4,900 § Median 2016 FCV increase: $1,500 § 70 percent of parcels had a positive change Canvass Update Paul D. Petersen Assessor Types of Changes found: § 699 AC units added § 100 2nd floors added, 27 deleted § 25 Basements added, 14 deleted § 390 Pools added, 238 deleted § 237 Detached garages added, 1 deleted § 7,839 homes increased livable area, 2,055 decreased Canvass Update Paul D. Petersen Assessor § Total estimated FCV added to 2016 Roll to date: $131,868,900 § Net “New Construction” LPV (Rule B) added to 2016 Roll to date: $85,655,300 § The estimated 2016 tax return for all 47,200 parcels is $1,891,300 for ALL Jurisdictions based on 2014 tax rates at project completion § This is a 4 to 1 ROI on your investment in 2014 Canvass Update Paul D. Petersen Assessor § Permanently fund Canvass program, 100,000 parcels each year for 12 year cycle. § Eliminate Roll-Over funding ($410,000 in FY 2014 and $635,000 in FY 2015) and include in Base: $400,000 SW License for Assessment Analyst 288,000 Street View Imagery 100,000 Professional Services 75,000 Oblique Imagery 58,000 Geo-Referencing Sketches $921,000 Thank You ! Paul D. Petersen, Assessor