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Estimated Market Values and Net Tax Amounts – by Property Type

Payable Years: 2011-2016
Property Type 2011 2012 2013 2014 2015 2016

Estimated Market Value (millions)
Residential Homestead $293,429 $283,869 $266,904 $267,062 $288,495 $300,302
Residential Nonhomestead 38,826 38,084 37,553 39,133 45,151
Apartment 21,035 21,204 21,803 22,883 25,178 28,454
Commercial/Industrial 72,193 70,450 71,312 71,526 73,587 77,374
Public Utility 10,264 10,801 10,653 10,851 12,100 13,379
Agricultural 97,479 101,090 113,378 139,761 155,622 150,174
Seasonal recreational 27,159 26,060 25,194 24,895 26,139 26,756
TOTAL 560,385 551,558 546,797 576,111 623,745 641,590

Net Tax (millions)
Residential Homestead $3,529.3 $3,613.5 $3,512.3 $3,497.9 $3,641.6 $3,840.1
Residential Nonhomestead 541.9 571.7 585.0 604.8 629.7 667.9
Apartment 343.1 372.6 400.9 420.1 440.2 494.0
Commercial/Industrial 2,495.8 2,603.7 2,728.5 2,774.2 2,739.8 2,810.6
Public Utility 304.7 345.8 353.8 360.0 384.0 417.4
Agricultural 571.7 632.3 680.3 741.5 772.6 788.1
Seasonal Recreational 233.2 244.7 246.8 247.3 260.5 269.4
TOTAL 8,019.7 8,384.3 8,507.4 8,645.8 8,868.4 9,287.4
Payable Years: 2001-2010
Property Type 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Estimated Market Value (millions)
Residential Homestead $159,611 $184,566 $212,458 $238,246 $265,452 $292,706 $324,365 $329,676 $326,501 $310,771
Residential Nonhomestead 9,384 11,133 14,173 18,552 23,605 29,511 35,954 42,047 43,423 41,947
Apartment 10,961 12,878 14,929 16,741 18,725 19,756 20,831 21,398 21,782 21,821
Commercial/Industrial 40,575 44,908 48,132 50,281 52,925 57,639 64,399 71,845 76,621 76,606
Public Utility 7,162 7,309 7,443 7,756 7,978 8,156 8,298 8,698 8,890 9,153
Agricultural 38,082 41,343 45,496 51,851 57,806 66,921 74,416 76,497 82,758 94,679
Seasonal recreational 9,483 11,061 13,400 15,833 18,725 22,122 25,359 29,525 30,576 28,232
TOTAL 275,258 313,198 356,031 399,259 444,929 496,811 553,622 529,686 590,651 583,209

Net Tax (millions)
Residential Homestead $2,141.3 $1,869.1 $2,188.6 $2,403.4 $2,640.6 $2,971.3 $3,332.7 $3,405.6 $3,508.1 $3,490.2
Residential Nonhomestead 162.2 144.6 168.2 209.3 258.7 324.9 399.4 483.2 532.2 543.1
Apartment 298.2 270.4 276.5 271.7 282.0 283.6 294.2 295.7 313.9 327.9
Commercial/Industrial 1,709.6 1,662.9 1,713.6 1,759.9 1,752.8 1,864.2 2,040.2 2,205.1 2,402.4 2,475.7
Public Utility 294.7 245.2 243.5 245.2 242.1 239.2 240.8 240.0 247.3 258.4
Agricultural 309.8 273.6 290.1 304.7 327.9 367.5 424.0 444.7 475.4 551.7
Seasonal Recreational 120.0 120.4 133.6 147.7 171.7 172.3 198.3 211.7 232.8 229.8
TOTAL 5,035.7 4,586.2 5,014.1 5,341.8 5,675.8 6,223.0 6,929.6 7,286.0 7,712.1 7,876.8
Sources: Pay '01 through Pay '04, Department of Revenue Property Tax Bulletin; Pay '05 and thereafter, estimated market values derived from annual Department of Revenue abstracts of assessment, and net tax amounts derived from House Research property tax simulations.

Payable Years: 1991-2000
Property Type 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

Estimated Market Value (millions)
Residential Homestead $74,632 $78,180 $82,116 $88,027 $95,124 $103,052 $110,789 $119,837 $129,287 $141,233
Residential Nonhomestead 6,605 6,586 6,704 6,201 5,830 6,168 6,440 6,776 7,311 8,081
Apartment 7,485 7,542 7,374 7,153 7,138 7,256 7,567 7,971 8,688 9,577
Commercial/Industrial 25,348 25,543 25,506 24,829 24,956 25,757 27,764 30,023 33,079 36,356
Public Utility 5,644 5,747 5,936 6,013 6,172 6,360 6,427 6,510 6,727 7,120
Agricultural 22,666 24,236 24,930 25,794 26,668 28,023 29,611 31,311 33,738 36,373
Seasonal recreational 4,010 4,189 4,435 4,652 5,004 5,445 5,924 6,492 7,235 8,200
TOTAL 146,390 152,023 157,001 162,669 170,892 182,061 194,522 208,920 226,065 246,940

Net Tax (millions)
Residential Homestead $1,060.8 $1,149.5 $1,267.5 $1,411.7 $1,586.5 $1,731.0 $1,834.4 $1,846.1 $1,890.1 $1,941.7
Residential Nonhomestead 234.0 235.6 212.8 186.6 178.4 185.3 187.9 177.3 146.5 149.0
Apartment 279.8 294.4 299.1 297.5 303.7 302.9 305.1 284.9 265.0 272.7
Commercial/Industrial 1,300.7 1,364.4 1,439.7 1,425.2 1,461.7 1,506.0 1,581.5 1,538.4 1,538.4 1,600.9
Public Utility 261.8 274.4 300.9 315.0 331.2 339.4 340.6 316.1 299.0 302.6
Agricultural 260.1 286.9 316.2 303.8 321.0 335.0 349.0 351.9 352.9 302.7
Seasonal Recreational 91.9 96.6 104.1 110.4 117.1 121.7 115.3 110.2 112.2 109.5
TOTAL 3,489.2 3,701.8 3,940.6 4,050.1 4,299.7 4,521.3 4,713.8 4,624.9 4,604.1 4,679.2
Source: Department of Revenue Property Tax Bulletin

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