FY 2010-11 Adopted Budget - Volusia County Government

2010 Final Tax Roll Summary2010 Volusia County Final Tax Roll - Summary2009 2010 Change Net ChangeTotal Just Value $45,717,249,728 $39,023,494,924 -14.64% -15.61%SOH Value, Nonhomestead Residential, Etc. $3,305,789,759 $1,477,245,855 -55.31%Total Assessed Value $41,273,328,346 $36,668,482,275 -11.16%Total Exemptions $11,121,872,708 $10,485,765,892 -5.72%Total Taxable Value: (Assessed Value less Exemptions) $30,151,455,638 $26,182,716,383 -13.16% -13.87%Taxable Percentage of Just Value 65.95% 67.09%DifferenceTotal Number of Parcels: 331,518 332,543 1,025Real Property 284,439 285,643 1,204Personal Property 45,787 45,569 -218Centrally Assessed 1,292 1,331 39Gross Increase (Decrease) in Tax Roll 2008-2009 2009-2010Just Value ($12,069,884,062) ($6,693,754,804)New Construction: 2008-2009 2009-2010Just Value $454,180,823 $444,003,724Taxable Value $411,316,595 $212,198,845"Net" Increase (Decrease) in Tax Roll 2008-2009 2009-2010(Total Tax Roll less New Construction)Just Value ($12,524,064,885) ($7,137,758,528)Taxable Value ($6,754,839,289) ($4,180,938,100)Annual Save our Homes "Value Cap"Allowable Percentage ----> 0.10% 2.70%In summary, the 2010 Final Tax Roll indicates an overall gross decrease (including $444 million in new construction) of14.64% in the Just Value of property in Volusia County. There is a net decrease (excluding new construction) of 15.61% inthe same Just Values. The Taxable Values (on which taxes are paid) have a gross decrease of 13.16% (including newconstruction) and a net decrease of 13.87%, excluding new construction.Volusia County Section K - 4