WS - C - Tiffin Capital Planning - GO Debt Book - September 2023

Page 2 City of Tiffin, Iowa ‐ Capital Planning Valuation Data Historical Rollback Data Growth in 100% Taxable Value Growth in Multi‐ 100% Valuation Value for Debt Service Taxable Value Residential Agricultural Commercial Industrial Utilities residential Railroad 2013 ‐ 2014 159,216,266 91,670,910 2013 ‐ 2014 52.8166% 59.9334% 100.0000% 100.0000% 100.0000% ‐ 100.0000% 2014 ‐ 2015 172,153,111 8.13% 100,398,754 9.52% 2014 ‐ 2015 54.4002% 43.3997% 95.0000% 95.0000% 100.0000% ‐ 95.0000% 2015 ‐ 2016 182,284,072 5.88% 106,359,811 5.94% 2015 ‐ 2016 55.7335% 44.7021% 90.0000% 90.0000% 100.0000% ‐ 90.0000% 2016 ‐ 2017 214,415,717 17.63% 125,249,239 17.76% 2016 ‐ 2017 55.6259% 46.1068% 90.0000% 90.0000% 100.0000% 86.2500% 90.0000% 2017 ‐ 2018 254,624,303 18.75% 151,789,143 21.19% 2017 ‐ 2018 56.9391% 47.4996% 90.0000% 90.0000% 100.0000% 82.5000% 90.0000% 2018 ‐ 2019 312,187,873 22.61% 183,937,029 21.18% 2018 ‐ 2019 55.6209% 54.4480% 90.0000% 90.0000% 100.0000% 78.7500% 90.0000% 2019 ‐ 2020 352,209,116 12.82% 208,405,352 13.30% 2019 ‐ 2020 56.9180% 56.1324% 90.0000% 90.0000% 100.0000% 75.0000% 90.0000% 2020 ‐ 2021 407,898,843 15.81% 233,539,498 12.06% 2020 ‐ 2021 55.0743% 81.4832% 90.0000% 90.0000% 100.0000% 71.2500% 90.0000% 2021 ‐ 2022 456,205,565 11.84% 265,722,631 13.78% 2021 ‐ 2022 56.4094% 84.0305% 90.0000% 91.0000% 98.5489% 67.5000% 90.0000% 2022 ‐ 2023 540,513,413 18.48% 304,291,621 14.51% 2022 ‐ 2023 54.1302% 89.0412% 90.0000% 90.0000% 100.0000% 63.7500% 90.0000% 2023 ‐ 2024 604,782,661 11.89% 337,260,594 10.83% 2023 ‐ 2024 54.6501% 91.6430% 90.0000% 90.0000% 100.0000% 90.0000% 2024 ‐ 2025 2024 ‐ 2025 2025 ‐ 2026 2025 ‐ 2026 Average Growth 14.38% 14.01% Valuation Chart Rollback Chart 700,000,000 100.0000% 600,000,000 80.0000% 500,000,000 400,000,000 60.0000% 300,000,000 40.0000% 200,000,000 20.0000% 100,000,000 0 0.0000% 100% Valuation Taxable Valuation for D/S Residential Agricultural Commercial Industrial Prepared by Northland Securities, Inc. 9/29/2023