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H07. Res. 5986, 2021 Budget, Mill LevyCITY OF City of Kalispell KALISPELL post Office Box 1997 -Kalispell, Montana 59903-1997 Telephone (406) 758-7000 Fax - (406) 758-7758 REPORT TO: FROM: SUBJECT: MEETING DATE: Doug Russell, City Manager Rick Wills, Finance Director FY2021 Budget - Mill Levy August 17, 2020 BACKGROUND: This resolution is adopted annually to provide a levy to fund the City's budget for the General Fund, the voted levy for the refinanced Pool and Fire Hall G. O. Bond, and the mill levy authorized by the legislature to deal with the increased cost in health insurance premiums. The total City levy requested is 189.42 mills. Last years requested levy was 193.3 mills, a reduction of 3.88 mills (about 2.0%). All things being equal, this will result in a reduction of the City levy on property tax bills. FY21 (2020 certified taxable valuation information) is not a reappraisal year, so most property owners will see a corresponding reduction in the City levy. The 2019 (FY20) certified taxable valuation information from the State Department of Revenue (see attached) shows a total taxable value, including newly taxable property, of $48,698,439. The 2020 (FY21) certified taxable valuation information from the State Department of Revenue (see attached) shows a total taxable value, less newly taxable property, of $47,705,700. Properties taxed last fiscal year paid approximately $9,413,408 in property taxes ($48,698,439 * (193.3/1000)). Those same properties this fiscal year will pay approximately $9,036,414 ($47,705,700 * (189.42/1000)). This decrease of slightly over 4.0% is the average City levy decrease a taxpayer will see on his tax bill. This about 4.0% decrease also happens to correspond to the decreased valuation (2.04%) and the corresponding decrease in the mill levy (2.01%). Fiscal year 2020 is not a reappraisal year so most properties will not have the 2.0% decrease in market value and will only realize the 2.0% decrease in the mill levy. The General City levy of 162.62 mills is based upon the calculation of the mill value provided by the State Department of Revenue. The City has a dollar cap which, when combined with 1.5 carry forward mills, computes to a maximum allowed levy of 164.62 mills for fiscal year 2020. The difference of 2.0 mills between the State allowed maximum levy of 164.62 mills and the proposed levy of 162.62 mills is available to be levied in a future fiscal year. Of the 162.62 general levy mills, 23.00 mills (14.25%) are designated for the operations of the Parks & Recreation department. The G. O. Bond levy request is 4.8 mills, a decrease of 6.2 mills from last fiscal year. The original levy for the two G.O. Bonds, pool and fire hall, was 20.5 mills in 2006. It has since been reduced due to annexations creating more properties to support the levy and refinancing. The Health Insurance levy request is 22 mills, an increase from 21.3 mills in the last fiscal year. This permissive levy is only to finance the increased cost of premiums since 2003, and not the total cost of insurance as it relates to governmental fund employees. The General Fund budget health line items reflect the total cost of health insurance in each budget. The Parks & Recreation fund is designated 2.0 mills of this levy for insurance costs related to Parks and Recreation employees. RECOMMENDATION: It is recommended that City Council approve Resolution 5986, a resolution making the annual tax levies for the City of Kalispell, Montana, for the fiscal year 2020-2021. FISCAL EFFECTS: The levy should generate approximately $9,275,000 of tax revenue for the City based on a mill value of $48,971. However, the mill value is subject to change as appeals and other adjustments are made throughout the year. ATTACHMENTS: Resolution 5986, setting the Mill Levy 2020 Certified Taxable Valuation Information 2019 Certified Taxable Valuation Information Mill Levy calculation 5 Year History exhibit Return to: Kalispell City Clerk PO Box 1997 Kalispell, MT 59903 RESOLUTION NO. 5986 A RESOLUTION MAKING THE ANNUAL TAX LEVIES FOR THE CITY OF KALISPELL, MONTANA, FOR THE FISCAL YEAR 2020-2021. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION 1. That there is hereby levied upon each and every dollar of the taxable valuation of the City of Kalispell, Montana, for the fiscal year 2020-2021, the following levies: MILLS GENERAL FUND 139.62 Designated for Parks & Recreation (14.25%) 23.00 Total General Levy 162.62 Permissive Levies: HEALTH INSURANCE 20.00 Health Insurance —designated Parks & Recreation 2.00 Total Health levy 22.00 G. O. BOND — REFINANCED POOL/FIRE HALL 4.80 TOTAL CITY LEVY — all funds MILLS 189.42 PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL THIS 17TH DAY OF AUGUST, 2020. Mark Johnson Mayor ATTEST: Aimee Brunckhorst, CMC City Clerk MONTANA RE / 01i Form AB-72T Rev. 3-12 2020 Certified Taxable Valuation Information (15-10-202, MCA) Flathead County CITY OF KALISPELL Certified values are now available online at property.mt.gov/cov 1. 2020 Total Market Value' ................................................................................................. $ 3,046,186,429 2. 2020 Total Taxable Valuez................................................................................................. $ 49,672,451 3. 2020 Taxable Value of Newly Taxable Property............................................................ $ 1,966,751 4. 2020 Taxable Value less Incremental Taxable Value3................................................... $ 48,971,275 5. 2020 Taxable Value of Net and Gross Proceeds4 (Class 1 and Class 2)............................................................................................. $ - 6. TIF Districts Tax Increment Current Taxable Base Taxable Incremental District Name Valuez Value Value KALISPELL C 8,249,751 7,932,918 316,833 KALISPELL H 14,966 126 14,840 KALISPELL DOWNTOWN 1,699,617 1,665,094 34,523 GLACIER RAIL PARK TED[ 249,390 7,057 242,333 KALISPELL G 93,037 390 921647 Total Incremental Value $ 701,176 Preparer Holly Dale Date 8/3/2020 1Market value does not include class 1 and class 2 value 2Taxable value is calculated after abatements have been applied 3This value is the taxable value less total incremental value of all tax increment financing districts °The taxable value of class 1 and class 2 is included in the taxable value totals For Information Purposes Only 2020 taxable value of centrally assessed property having a market value of $1 million or more, which has transferred to a different ownership in compliance with 15-10-202(2), MCA. I. Value Included in "newly taxable" property $ II. Total value exclusive of "newly taxable" property $ D-1 MONTANA REVENUE Form AB-72T Rev. 3-12 2019 Certified Taxable Valuation Information (15-10-202, MCA) Flathead County CITY OF KALISPELL Certified values are now available online at property.mt.gov/cov 1. 2019 Total Market Value l................................................................................................. $ 2,972,358,649 2. 2019 Total Taxable Value 2-............................................................................................... $ 48,698,439 3. 2019 Taxable Value of Newly Taxable Property............................................................ $ 1,064,361 4. 2019 Taxable Value less Incremental Taxable Value ................................................... $ 47,125,814 5. 2019 Taxable Value of Net and Gross Proceeds° (Class 1 and Class 2).......................................................................... 6. TIF Districts Tax Increment Current Taxable Base Taxable Incremental District Name Value Value Value KALISPELL B 1,312,187 453,612 858,575 KALISPELL C 8,542,957 7,932,918 610,039 KALISPELL H 14,967 126 14,841 GLACIER RAIL PARK TED[ 5,409 7,057 - A KALISPELL G 89,560 390 89,170 ^ Increment based on the percentage of overall increment for the TIFD Total Incremental Value $ 1,572,625 Preparer Holly Dale Date 7/31/2019 1Market value does not include class 1 and class 2 value Taxable value is calculated after abatements have been applied 3This value is the taxable value less total incremental value of all tax increment financing districts 4The taxable value of class 1 and class 2 is included in the taxable value totals For Information Purposes Only 2019 taxable value of centrally assessed property having a market value of $1 million or more, which has transferred to a different ownership in compliance with 15-10-202(2), MCA. I. Value Included in "newly taxable" property $ 13 II. Total value exclusive of "newly taxable" property $ 0 ��49fPART*R� Determination of Tax Revenue and Mill Levy Limitations Section 15-10-420, MCA 0 q General Fund a FYE June 30, 2021 City of Kalispell, Montana Auto -Calculation (If completing manually Enter amounts in enter amounts as yellow cells instructed) Enter Ad valorem tax revenue ACTUALLY assessed in the prior year (from Prior Year's form Line 17) $ 7,587,256 $ 7,587,256 Add: Current year inflation adjustment @ 1.05% $ 79,666 Subtract: Ad valorem tax revenue ACTUALLY assessed in the prior year for Class 1 and 2 property, (net and gross proceeds) (from Prior Year's form Line 20)- (enter as negative) $ Adjusted ad valorem tax revenue $ 7,666,922 ENTERING TAXABLE VALUES Enter'Total Taxable Value' - from Department of Revenue Certified Taxable Valuation Information form, line # 2 $ 49,672,451 $ 49,672.451 Subtract: 'Total Incremental Value' of all tax increment financing districts (TIF Districts) - from Department of Revenue Certified Taxable Valuation Information form, line # 6 (enter as negative) $ (701,176) $ (701.176) Taxable value per mill (after adjustment for removal of TIF per mill incremental district value) $ 48,971.275 Subtract: 'Total Value of Newly Taxable Property' - from Department of Revenue Certified Taxable Valuation Information form, line # 3 (enter as negative) $ (1,966,751) $ (1,966.751) Subtract: 'Taxable Value of Net and Gross Proceeds, (Class 1 & 2 properties)' - from Department of Revenue Certified Taxable Valuation Information form, line # 5 (enter as negative) $ - Adjusted Taxable value per mill $ 47,004.524 CURRENT YEAR calculated mill levy 163.11 CURRENT YEAR calculated ad valorem tax revenue $ 7,987,705 CURRENT YEAR AUTHORIZED LEVY/ASSESSMENT Enter total number of carry forward mills from prior year (from Prior Year's form Line 22) 1.51 1.51 Total current year authorized mill levy, including Prior Years' carry forward mills 164.62 Total current year authorized ad valorem tax revenue assessment $ 8,061,651 CURRENT YEAR ACTUALLY LEVIED/ASSESSED Enter number of mills actually levied in current year (Number should equal total non -voted mills, which includes the number of carry forward mills, actually imposed per the final approved current year budget document. Do Not include voted or permissive mills imposed in the current year.) 162.62 162.62 Total ad valorem tax revenue actually assessed in current year I $ 7,963,709 I RECAPITULATION OF ACTUAL: Ad valorem tax revenue actually assessed $ 7,643,876 Ad valorem tax revenue actually assessed for newly taxable property $ 319,833 Ad valorem tax revenue actually assessed for Class 1 & 2 properties (net -gross proceeds) $ - Total ad valorem tax revenue actually assessed in current year $ 7,963,709 Total carry forward mills that may be levied in a subsequent year (Number should be equal to or greater than zero. A (negative) number indicates an over levy.) 2.00 Mill Levy - 5 year Comparison FY2017 FY2018 FY2019 FY2020 FY2021 GENERAL FUND 148.20 145.20 146.84 139.00 139.62 PARKS -designated mills 26.00 24.42 24.42 22.00 23.00 174.20 169.62 171.26 161.00 162.62 -Permissive levies: G. O. BOND, series 2012 refunding bonds 12.50 12.50 11.50 11.00 4.80 Health Ins. levy -premium increases 23.40 21.80 20.90 19.30 20.00 Parrs health 2.60 2.20 2.10 2.00 2.00 TOTAL CITY LEVY w/PERMISSIVE 212.70 206.12 205.76 193.30 189.42 "The legislature provided for the increase in mills necessary to pay higher health insurance premiums. The G.O. Bond debt service levy is voter approved and can go up or down each year depending on the debt service schedule and the value of the mill. Other Government levies: City/County Health Fund 6.57 5.70 4.90 5.99 5.99 (Administered by the County) Business Improvement District Levy (plus assessment at.015/sq.ft., plus $100/parcel) 37.5 37.5 37.5 22.5 22.5