HomeMy WebLinkAboutOrdinance 3644 FILED i ; r RECORD
MICROFILMED 092 OCT 26 flfl i 42
ORDINANCE NO . '2684
WASH : iv „ ON CO AR
AN ORDINANCE LEVYING A TAX ON THE ARWA LMIPER
PERSONAL PROPERTY WITHIN THE CITY OF
FAYETTEVILLE , ARKANSAS , FOR THE YEAR 1992
FIXING THE RATE THEREOF ,' AND CERTIFYING THE
SAME TO THE COUNTY CLERK OF WASHINGTON COUNTY ,
ARKANSAS ,
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE , ARKANSAS :
Section 1 . That a tax is hereby levied on the real and
personal property within the City of Fayetteville , Arkansas , for
the year 1992 , to be collected in 1993 , for the following purposes
at the following rates :
REAL AND PERSONAL PROPERTY
pY Purpose Lev
v General Government 3 . 8 mills
Policemen ' s Pension Fund . 5 mills
Firemen ' s Pension Fund . 5 mills
TOTAL 4 . 8 mills
J
Section 2 . That the real and personal property tax so
levied and the rates provided therefore are hereby certified to the
Clerk of Washington County , Arkansas , to be placed in the tax book
by the County Clerk and collected in the same manner that the
county and school district taxes are collected .
Section 3 . That the City Clerk is hereby authorized and
directed to file certified copies of this ordinance in the office
of the County Recorder , County Clerk , County Assessor , and the
County Tax Collector for Washington County , Arkansas ,
PASSED AND APPROVED this 15th day of September , 1992 .
APPROVED : /�
By : zoo
, .«. Mayo
. °TTEST
By:
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8 , 02
FAYETTEVILLE
THE CITY OF FAYETTEVILLE , ARKANSAS
DEPARTMENTAL CORRESPONDENCE
To: The Fayetteville City Board of Directors
Thru: Scott Linebaugh , City Manager
From: Ben Mayes, Administrative Services Director
Re: 1992 Property Tax Millage Rates
Date: August 28, 1992
Each year the City must approve an ordinance to renew the levy of real estate property taxes within the City.
This request will provide for such a levy on property taxes which were assessed during the 1992 calendar year.
According to information provided by the Washington County Assessor' s Office, the City of Fayetteville
assessed value of real estate is $212 ,517 ,633 . The current real estate millage rate for general operating expenses
is 3. 8 mills. The City' s assessed value for personal property is $80, 823 ,404 . The following tables compares
the revenues at the current rate to the maximum rate allowed for general government operations.
REAL ESTATE PROPERTY TAX
MILLAGE ASSESSED TOTAL PO.TEN.TIAL
RATE 1 VALUATION REVENUE
Current = 3 . 8 $ 212 ,517,633 $ 8079567
Maximum = 5 .0 $ 212 ,517,633 $ 1 ,062,588
PERSONAL PROPERTY TAX
MILLAGEASSESSED TOTAL POTENTIAL
RATE VALUATION `REVENUE
Current = 3 . 8 $ 8038237404 $ 307 , 128
Maximum = 5 .0 $ 80, 823 ,404 $ 404 , 117
At the current levy of 3. 8 mils, the City will assess $ 1 , 114 ,696 in property taxes in 1992 for general
government operations. Based on recent history , a collection rate of 95 % will equate to $ 1 ,058 ,961 in property
tax revenues. The total potential revenue available through property tax levies is $ 1 ,466,705 . This equates
to an additional $ 352 ,009 of revenue above that levied at the 3 . 8 millage rate. The Board of Directors has the
ability to increase the property tax millage up to the 5 . 0 maximum .
The millage rate for the Police Pension & Relief Fund and Fire Pension & Relief Fund for real estate and
8 . 03
personal property tax is .5 mills. An increase in either the Police or Fire pension millage would require a
general election.
During 1991 the Board of Directors approved a staff increase plan for the Police and Fire Departments. The
plan , currently followed by the City, calls for hiring three additional police personnel and three additional fire
personnel per year, until adequate staffing is achieved .
The current revenues in the City' s General Fund are sufficient to allow for the increased staff positions in 1993
under the phase-in plan while maintaining a balanced General Fund budget. Both the Police and Fire
Departments are requesting personnel in excess of the phase-in plan in 1993 . Should the Board desire to provide
funding for the additional positions requested a millage increase would be needed . The following is a table of
new positions that exceed the phase-in plan for 1993 , the requested/related expenses, the year in which the
expenditure will begin, and the millage rate needed to cover the related expenses .
POSITION(S)/ FUNDS MILLS:
10:4YEAR::, RELATED EXPENSES NEEDED REQUIRED . ;
1993 (1) FIREFIGHTERS $ 273147 0. 100
1993 (4) POLICE OFFICERS $ 1263596 0.454
1993 (1 ) PROPERTY/EVIDENCE MGR. $ 41 ,797 0. 150
TOTAL $ 195 ,540. 0. 700
The proposal above would increase the general government operations millage rate from 3 . 8 mills to 4 . 5 mills
beginning with the 1992 assessments. The City would collect the tax in mid to late 1993 creating a need for
General Fund reserves to be utilized in the interim period . Current projections indicate that the General Fund
surplus funding received in 1992 should be adequate to cover the necessary expenses in the interim period.
In order to provide the Board with further information , three attachments have been added to this memo. They
are as follows:
1 ) Attachment A - Describes the anticipated property tax revenue collected from various millage
increments and relates this to the cost of adding police and fire personnel .
2) Attachment B - Describes the effect of a millage increase on an average homeowner/taxpayer in
Fayetteville.
3) Attachment C - Lists the various millages levied by other municipalities in Washington and the
purpose of said millages.
Additionally , the November ballot contains an amendment to the Arkansas Constitution removing household
goods from personal property taxation . If the ballot question should be adopted by the electorate property tax
revenue would be reduced by approximately $ 30,000. The ballot question applies to 1993 property tax
assessments and would impact 1994 revenue. If you have any questions concerning this matter, please feel free
to contact me. Thank you .
BRM/sld
8 . 04
City of Fayetteville
Property Tax Revenue per Mill
Attachment A
Cost Per Police Officer : $31 ,650.00
Milla e A rox. Revenue
0. 10 $27,860.00 Example :
0. 15 41 ,790.00 An increase in the police force by 1 officer
0.20 55 ,720.00 would need an approximate . 114 millage
0.25 69,650.00 increase to cover the additional cost.
0.30 83,580.00
0.35 97,510.00
0.40 11 1 ,440.00
0.45 125,370.00 Cost Per Firefighter: $27,500.00
0.50 139,300.00
0.55 153,230.00 Example :
0.60 167, 160.00 An increase in the Fire Department by 1
0.65 181 ,090.00 position would need an aproximate . 100
0.70 195 ,020.00 mill increase to cover the additional cost.
0.75 208 ,950.00
0.80 222,880.00
0.80 222,880.00
0.85 236 ,810 .00 The current millage rate for operations
0.90 250,740.00 is at 3 .8 with a maximum of 5.0. The
0.95 264 ,670.00 Board of Directors can approve an
1 .00 278 ,600.00 increase up to 5.0 . mills for operations.
City of Fayetteville 8 . 05
Property Tax Revenue - -
Attachment B
The following is an example of how a 0.7 millage increase will effect a
homeowner with a $70,000 home.
Real Estate Tax
Current Rate 0.7 Increase
Assessed Value: $70,000.00 $70,000.00
x 20% x 20%
Taxable Amount 14,000.00 14,000.00
Millage Rate (A) 0.0473 0.0480
Total Real Estate Tax $662.20 $672.00
Net Increase In Real (Estate Tax. ;.; $9.80;
Personal Property Tax
Taxable Amount $1 , 100.00 $1 , 100 .00
Millage Rate (A) 0.0473 0.0480
Total Personal Property Tax $52.03 $52.80
Net.mgrease. in Persbnal Properly Tax $0.77
Total Annual Increaser $10.57
(A) The millage rate listed above includes the City of Fayetteville, Washington County and the Fayetteville School District.
8 . 06
City of Fayetteville _ _ __ _
Property Tax Revenue
Attachment C
The following tables illustrate how each city divides its portion of the Real Estate and Personal Property Taxes.
REAL ESTATE TAXES
POLICE FIRE POLICE FIRE G.0. YOUTH
CITY GENERAL PENSION PENSION VOL VOL LIBRARY BONDS CENTER TOTAL
FAYETTEVILLE 3.8 0.5 0.5 4.8
SPRINGDALE 5.0 0.5 0.5 1 .5 1 .0 0.5 9.0
FARMINGTON 2.2 2.2 4.4
ELKINS 2.3 M7.O
WINSLOW 3.0
PRAIRIE GROVE 5.0 1 .0 1 .0 0.5 3.0
LINCOLN 5.0 1 .0 0.5
GREENLAND 3.0
WEST FORK 5.0 2.0 JOHNSON 2.4 ELM SPRINGS 2.0
TONTITOWN 2.0 2.0
FORT SMITH 5.0 1 .0 1 .0 1 .0 0.5 8.5
ROGERS 3.0 0.5 0.5 1 .0 5.0
PERSONAL PROPERTY TAXES
POLICE FIRE POLICE FIRE G.O. YOUTH
CITY GENERAL PENSION PENSION VOL VOL LIBRARY BONDS CENTER TOTAL
FAYETTEVILLE 3.8 0.5 0.5 4.8
SPRINGDALE 5.0 0.5 0.5 1 .5 1 .0 0.5 9.0
FARMINGTON 2.2 2.2 4.4
ELKINS 2.3 2.3
WINSLOW 3.0 3.0
PRAIRIE GROVE 5.0 1 .0 1 .0 0.5 3.0 1o.5
LINCOLN 5.0 1 .0 0.5 1 -675-
GREENLAND
5GREENLAND 3.0 3.0
WEST FORK 5.0 2.0 7.0
JOHNSON 2.8 2.8
ELM SPRINGS 2.0 2.0
TONTITOWN 2.0 2.0
FORT SMITH 5.0 1 .0 1 .0 1 .0 0.5 8.5
ROGERS 3.0 0.5 0.5 1 .0 5.0
STATEofARKANSAS l
J} ss.
County of WashingtoTn s. '-
I, : , 1. ) . 5 ' b ��Q� hereby certify that I
ORDINANCE NO. 3614-
AN ORDINANCE LEVYING am the publ r of THE NORTHWEST ARKANSAS TIMES, a daily newspaper
A TAX ON THE REAL AND having a second class mailing privilege, and being not less than four pages of five
PERSONAL PROPERTY , published at a fixed lace of business and at a fixed (daily)WITHIN THE CITY OF FAV- columns eachP P Y) intervals
ETTEVILLE. ARKANSAS, continuously in the City of Fayetteville, County of Washington. Arkansas for more
FOR THE YEAR. 1992 FIX- than a period of twelve months, circulated and distributed from an established place
ING THE RATE THEREOF,
AND CERTIFYING THE of business to subscribers and readers generally of all classes in the City and County
SAME TO THE COUNTY for a definite price for each copy, or a fixed price per annum, which price was fixed
CLERK OF WASHINGTON at what is consideree value of the publication, based u
COUNTY, ARKANSAS. d thlbli
P )"n the news value and ser-
BE IT . ORDAINED BY vice value it contains, that at least fifty percent of the subscribers thereto have paid
THE BOARD OF TY OF cash for their subscriptions to the newspaper or its agents or through recognized news
TORS OF THE CITY OF P »S g g
F A Y E T T E V I L L E , dealers over a period of a least six months; and that the said newspaper publishes an
I ARKANSAS: - average of more than forty percent news matter.
Section 1. That a tax is
hereby levied on the real
and personal property I further certify that the legal notice hereto attached in the matter of
within the City of Fayette-
vill92. to
be for the year
1992. to Arkansas,
collected the
in
1993. for the following pur-
Iposes at the following
' rates: was published in the regular daily issue of said newspaper for
REAL AND PERSONAL. consecutive insertions as follows:
PROPERTY
Purpose Levy (/
General The first insertion on the Q day of 19
Government 3.8 mills
Policeman's
Pension Fund .5 mills the second insertion on the day of 19
Fireman's
Pension Fund .5 mills
TOTAL 4.8 mills the thud insertion on the day of 19
Sectipersonal
2. That the real
and the fourth insertion on the da of 19
and onal property tax Y
levied end the rates pr
vi o-
'
ceded therefore are hereby '
certified to the Clerk of
Washington
ton County. Arkan-
sas, to be placed in the tax Public er / Gener 1 Mana er
book by the County Clerk g
and collected in the same
manner that the county and
school district taxes are
collected. Sworn to and subscribed before me on this day of
Section 3. That the City 1 /]
Clerk is hereby authorized
and directed to file certified ta./
copies of this ordinance in
the office of the County Re-
corder, County Clerk,
County Assessor, and the i
County Tax Collector for - [ary Public
Washington County . '
Arkansas.
PASSED AND AP -
PROVED this 15th day of M Commission Expires:
September, 1992. Y P
APPROVED:
By: Fred S. Vorsanger 9 - of -o
Mayor
ATTEST:
By: Sherry L. Thomas
,City Clark
33
Fees for Printing $ r7 0. —
Cost of Proof $
Total $
QCT ? p 1992
E\Np,NCE DEYSe
