Fiscal Year 2013 Recommended Budget Book - Lake County

Lake County, FloridaComparison of General Fund Gross Taxable Value Over Prior YearsFY 2009 to FY 2013Millions of Dollars$4,800$4,200$3,600$3,000$2,400$1,800$1,200$600$0($600)($1,200)($1,800)($2,400)FY 2009 FY 2010 FY 2011 FY 2012 FY 2013New Construction Revaluation of Existing Property Values Amendment 1FY 2009 FY 2010 FY 2011 FY 2012 FY 2013New Construction $ 714,271,256 $ 395,833,931 $ 225,162,300 $ 164,819,391 $ 111,787,068Revaluation of ExistingProperty Values $ (333,649,865) $ (2,239,753,565) $ (2,314,471,432) $ (1,551,190,996) $ (1,078,808,699)Amendment 1 $ (1,820,465,859) $ - $ - $ - $-Total Change inGross Taxable Value $ (1,439,844,468) $ (1,843,919,634) $ (2,089,309,132) $ (1,397,136,804) $ (2,367,189,436)FY 2009 FY 2010 FY 2011 FY 2012 FY 2013% Change Due toNew Construction 3.19% 1.89% 1.18% 0.96% 0.29%% Change Due toRevaluation (1.49%) (10.68%) (12.10%) (9.04%) (2.82%)% Change Due toAmendment 1 (8.13%) N/A N/A N/A N/ATotal % Change (6.43%) (8.79%) (10.93%) (8.14%) (6.19%)General Fund FY 2009 FY 2010 FY 2011 FY 2012 FY 2013Gross Taxable Value $ 20,965,796,687 $ 19,121,877,053 $ 17,032,567,921 $ 15,635,431,117 $ 14,665,378,485Millage Rate 4.6511 4.6511 4.7309 4.7309 5.0816B - 17