Property Tax Statistics 1998

Property Tax Levies Due in 1998

Tables 7-21

AT A GLANCE

Statewide property tax levies due in 1998 grew by 3.3 percent, compared with 6.5 percent last year, to $4,722.6 million, according to data provided by county assessors.   Values grew by 6.5 percent compared to 5.4 percent last year.  Rates fell to a statewide average of $13.52 per $1,000.

SCHOOLS

School levies, the major component of all levies collected, maintained existing levels of financing in 1998 with 3.5 percent growth and the school levy share of all levies rose from 57 percent in 1997 to 57.1 percent in 1998.  The state levy totaled $1,238.4 million, increasing 4.1 percent from 1997, while local levies were $1,458.1 million, a 3.1 percent increase from 1997.  In 1998 the state property tax levy represented 45.9 percent of the total school levies, while local voter-approved excess levies (maintenance and operation, capital projects, transportation vehicle and bonds) comprised 54.1 percent.

COUNTIES

Counties expanded their regular and special levies 2.7 percent over levies due in 1997.   County levies, including both county general, road levies and special levies, amounted to $872 million.  Counties have maintained at least an 18 percent share of all property tax levies since 1988 (18.5 percent in 1998, down slightly from 18.6 percent in 1997 and 19 percent or greater in the four years prior to 1997).

CITIES AND TOWNS

Cities and towns showed an increase over 1997 levies of 7.3 percent to $631.5 million.   Cities and towns have maintained at least an 11 percent share of all property tax levies since 1980 (13.4 percent in 1998, up from the 12.9 percent share in 1997).

JUNIOR TAXING DISTRICTS

Junior taxing district levies amounted to $522.6 million, a 1.2 percent decrease.   The share of all levies devoted to junior taxing districts was 11.1 percent in 1998 compared to 11.6 percent in 1997.

A more detailed picture is provided in the following tables.  Tables 7 through 13 summarize and provide history on levies; Tables 14 through 16 give detailed valuation data; Table 17 is a comparison of 1997 and 1998 assessment ratios; Tables 18 through 20 provide a basis of comparing levy rates; and Table 21 gives detail on senior, junior and local school valuation, rates and levies.