Resolutions-2018-005

Breakdown of Valuations 2018/2019 100% Actual Value (before military exemption and tax increment adjustments): <table> <tr> <th></th> <th>2018/2019</th> <th></th> </tr> <tr> <td>Residential</td> <td>$ 224,770,704</td> <td>82.80%</td> </tr> <tr> <td>Agricultural Land & Buildings</td> <td>1,553,307</td> <td>0.57</td> </tr> <tr> <td>Commercial</td> <td>20,565,068</td> <td>7.58</td> </tr> <tr> <td>Multi-residential</td> <td>8,250,830</td> <td>3.04</td> </tr> <tr> <td>Utilities (with Gas & Electric)</td> <td>15,971,033</td> <td>5.88</td> </tr> <tr> <td>Railroad</td> <td>361,187</td> <td>0.13</td> </tr> <tr> <th>Totals:</th> <th>$ 271,472,129</th> <th>100.00%</th> </tr> </table> 2018/2019 Taxable Value with Rollback (before military exemption and tax increment adjustments): <table> <tr> <th></th> <th>2018/2019</th> <th></th> </tr> <tr> <td>Residential</td> <td>$ 112,947,480</td> <td>78.86%</td> </tr> <tr> <td>Agricultural Land & Buildings</td> <td>845,699</td> <td>0.59</td> </tr> <tr> <td>Commercial</td> <td>17,144,398</td> <td>11.97</td> </tr> <tr> <td>Multi-residential</td> <td>6,497,534</td> <td>4.54</td> </tr> <tr> <td>Utilities (with Gas & Electric)</td> <td>5,461,106</td> <td>3.81</td> </tr> <tr> <td>Railroad</td> <td>325,068</td> <td>0.23</td> </tr> <tr> <th>Totals:</th> <th>$ 143,221,285</th> <th>100.00%</th> </tr> </table> Tax Rates¹ Following are tax rates per thousand dollar valuations for the past five-assessable/collection years: <table> <tr> <th rowspan="2">Levy Year/Collection Year</th> <th colspan="2">2012 for FY<br>2013/14</th> <th colspan="2">2013 for FY<br>2014/15</th> <th colspan="2">2014 for FY<br>2015/16</th> <th colspan="2">2015 for FY<br>2016/17</th> <th colspan="2">2016 for FY<br>2017/18</th> </tr> <tr> <th>2012 for FY</th> <th>2013 for FY</th> <th>2014 for FY</th> <th>2015 for FY</th> <th>2016 for FY</th> <th>2017/18</th> </tr> <tr> <td>Johnson County (county-wide)</td> <td>6.73712</td> <td>6.74168</td> <td>6.90337</td> <td>6.77140</td> <td>6.85143</td> <td></td> </tr> <tr> <td>City of Tiffin</td> <td>10.62359</td> <td>11.97177</td> <td>11.80309</td> <td>11.80265</td> <td>11.80227</td> <td></td> </tr> <tr> <td>Clear Creek Amana CSD</td> <td>15.31055</td> <td>15.26516</td> <td>15.82084</td> <td>16.95419</td> <td>16.75949</td> <td></td> </tr> <tr> <td>Kirkwood Community College (MEA X)</td> <td>1.06473</td> <td>1.05754</td> <td>1.06125</td> <td>1.08048</td> <td>1.13174</td> <td></td> </tr> <tr> <td>County Assessor</td> <td>.26472</td> <td>.30944</td> <td>.35488</td> <td>.29377</td> <td>.31448</td> <td></td> </tr> <tr> <td>Ag Extension</td> <td>.08160</td> <td>.08119</td> <td>.08129</td> <td>.07781</td> <td>.07585</td> <td></td> </tr> <tr> <td>State</td> <td>.00330</td> <td>.00330</td> <td>.00330</td> <td>.00330</td> <td>.00310</td> <td></td> </tr> <tr> <th>Totals:</th> <th>34.08561</th> <th>35.43008</th> <th>36.02802</th> <th>36.98360</th> <th>36.93836</th> <th></th> </tr> </table> Tax Levies and Collections <table> <tr> <th>Levy Year</th> <th>Collection Year</th> <th>Total Tax Levy (in Dollars)</th> <th>Total Tax Collections</th> <th>Collections as Percent of Current Levy</th> </tr> <tr> <td>2016</td> <td>2017/2018</td> <td>$2,364,844</td> <td>(In Process of Collection)</td> <td></td> </tr> <tr> <td>2015</td> <td>2016/2017</td> <td>2,035,618</td> <td>2,031,253</td> <td>99.79%</td> </tr> <tr> <td>2014</td> <td>2015/2016</td> <td>1,730,788</td> <td>1,755,579</td> <td>101.43</td> </tr> <tr> <td>2013</td> <td>2014/2015</td> <td>1,670,146</td> <td>1,678,188</td> <td>100.48</td> </tr> <tr> <td>2012</td> <td>2013/2014</td> <td>1,522,885</td> <td>1,488,078</td> <td>97.71</td> </tr> </table> ¹ The 2017 for FY 2018/2019 Tax Rates are not available until approximately July 1, 2018, six months after the 2018/2019 valuations are available from the State of Iowa Department of Valuations.