Memorandum
City of Lawrence
City Manager’s Office
|
Date: |
4/28/2008 |
|
To: |
David
Corliss, City Manager |
|
From: |
Michael
Tubbs, Management Analyst |
|
CC: |
Cynthia
Boecker, Assistant City Manager Diane
Stoddard, Assistant City Manager |
|
RE: |
Assessed
Valuation, Mill Levy, and Local Sales Tax Comparison Information for the 2008
Budget Year |
Per your
request, information related to the assessed valuation, mill levy, and local
sales tax for the ten largest cities in
Assessed Valuation and Mill Levy
The table
below shows how the City of
|
City |
|
2006 total estimated |
2006 assessed
valuation per capita |
2007 total estimated |
2007 |
|
|
347,996 |
$2,838,612,382 |
$
8,157 |
$3,211,938,914 |
$
9,230 |
|
|
168,000 |
$2,708,926,593 |
$
16,125 |
$2,858,903,882 |
$
17,017 |
|
|
116,910 |
$1,233,812,291 |
$
10,554 |
$1,350,381,302 |
$
11,551 |
|
Unified
Government |
144,210 |
$1,048,420,602 |
$
7,270 |
$1,254,330,729 |
$
8,698 |
|
|
122,008 |
$1,025,163,449 |
$
8,402 |
$1,040,553,093 |
$
8,529 |
|
|
43,765 |
$
982,460,511 |
$
22,449 |
$1,005,163,545 |
$
22,967 |
|
|
88,664 |
$ 824,213,461 |
$
9,296 |
$
853,590,988 |
$
9,627 |
|
|
56,915 |
$
709,272,936 |
$
12,462 |
$
740,069,197 |
$
13,003 |
|
|
49,462 |
$
367,438,289 |
$
7,429 |
$
417,648,011 |
$
8,444 |
|
|
45,956 |
$
374,610,096 |
$
8,151 |
$
392,728,487 |
$
8,546 |
|
|
|
|
|
|
|
|
average |
118,389 |
$1,211,293,061 |
$
11,029 |
$1,312,530,815 |
$
11,761 |
|
median |
102,787 |
$1,003,811,980 |
$
8,849 |
$1,022,858,319 |
$
9,429 |
Source:
The table
highlights the following:
The table below compares
|
Municipality |
2007 Residential/ Non
Residential |
2008 Residential/
Non-Residential |
||
|
|
73.37% |
/26.63% |
74.16% |
/25.84% |
|
|
73.11% |
/26.89% |
69.13% |
/30.87% |
|
|
71.03% |
/28.97% |
69.65% |
/30.35% |
|
|
68.59% |
/31.41% |
68.99% |
/31.01% |
|
|
63.67% |
/36.33% |
63.20% |
/36.8% |
|
|
60.79% |
/39.21% |
58.74% |
/41.26% |
|
|
59.29% |
/40.71% |
58.69% |
/41.31% |
|
|
58.49% |
/41.52% |
67.60% |
/32.4% |
|
|
47.58% |
/52.42% |
48.01% |
/51.99% |
|
Unified Government |
45.81% |
/54.19% |
45.73% |
/54.27% |
|
|
|
|
|
|
|
average |
62.17% |
/37.82% |
62.17% |
/37.83% |
|
median |
62.23% |
/37.77% |
62.23% |
/37.77% |
The table
below shows the City mill levies for the ten largest cities for the 2007 and
2008 budget years. While the city mill
levy in the 2007 budget for the City of Lawrence ranked sixth among the top ten
largest cities, the city mill levy in the 2008 budget for Lawrence ranks fifth. At 26.787 mills, it is 0.155 mills above the
median but 0.45 mills below the average.
|
City |
2007 |
2008 |
|
Unified
Government |
41.742 |
40.685 |
|
|
30.747 |
32.457 |
|
|
31.898 |
31.979 |
|
|
33.088 |
31.683 |
|
|
26.363 |
26.787 |
|
|
26.468 |
26.477 |
|
|
24.843 |
25.03 |
|
|
24.621 |
24.652 |
|
|
23.999 |
23.789 |
|
|
8.889 |
8.832 |
|
|
|
|
|
average |
27.266 |
27.237 |
|
median |
26.416 |
26.632 |
Local Sales and Use Tax
Municipalities
across the state levy sales tax for a number of purposes. For most communities, sales tax is levied for
general purposes. Some municipalities
also levy sale taxes for special purposes.
For instance, the City of
The chart
below shows a breakdown of the city and county sale tax rates by purpose as
well as the total combined sales tax rates in the ten largest cities in the
state. Included in the combined sales
tax rate is the 5.3% sales tax levied by the State. Cities do not receive any of this
revenue. Cities do receive a portion of
the sales taxes levied by the County in which they are located based on a population
ratio.
The
combined sales tax rate in the City of
|
City |
City Sales Taxes |
|
Combined Sales Tax Rate |
|
|
none |
0.50%
property tax relief |
6.300% |
|
|
|
0.50% road
and bridge projects |
|
|
|
1.00% for
River Walk improvements |
none |
6.300% |
|
|
1.00%
general purpose |
0.50%
general purpose |
7.525% |
|
|
0.125%
streets |
0.25%
public safety |
|
|
|
|
0.25%
school sales tax |
|
|
|
|
0.10% storm
water |
|
|
|
1.00%
improvements at location |
same as
above |
8.525% |
|
|
.5%
improvements at location |
same as
above |
8.025% |
|
Unified
Government |
1.25%
speedway debt |
1.00%
speedway debt |
7.550% |
|
|
1.25%
speedway debt |
same as
above |
7.550% |
|
Kansas
City Transportation District |
0.6%
improvements at location |
same as
above |
8.150% |
|
Kansas
City Transportation District |
0.6% improvements
at location |
same as
above |
8.150% |
|
Kansas
City Transportation District |
0.10%
improvements at location |
same as
above |
7.650% |
|
|
1.00%
general purpose |
0.50%
general purpose |
7.525% |
|
|
0.125%
streets |
0.25%
public safety |
|
|
|
|
0.25%economic
development |
|
|
|