HomeMy WebLinkAbout2015 Property Tax ReportCity of South Bend, Indiana
2015 Property Tax File (2014 pay 2015)
December 31, 2015
Schedule No.Page Numbers Description
1 Index
1 2 Property Tax Collections - Comparative Years
2 3 Property Tax Collections - Graph
3 4 Property Tax Trends - All Funds
4 5 Property Tax Trends - Civil City Funds
5 6 Property Tax Trends - TIF Funds
6 7 Property Tax Collections vs Levy
7 8 Property Taxes Receivable - CAFR
8 9 Property Taxes Budget vs Collections
9 10 2014 Pay 2015 Property Tax Collections - City
10 11 2014 Pay 2015 Property Tax Collections - TIF
11 12-13 Estimated Property Tax Collections Worksheet
12 14-15 Property Tax Trends
13 16 Property Tax Rate Chart
14 17-18 Property Tax Rate and Levy History
15 19 Net Assessed Valuation Detail - 2013 pay 2014
16 20 Net Assessed Valuation Detail - 2014 pay 2015
17 21 Assessed Valuation Trends Detail
18 22 Assessed Valuation Trends
19 23 Net Assessed Valuation Trends
City of South Bend 2/21/2016 Page 1
City of South Bend, Indiana
Property Tax Collections - Comparative Years
December 31, 2015
Actual Actual Actual Actual Actual Actual Actual Actual Actual
2014/Pay 2015 2013/Pay 2014 2012/Pay 2013 2011/Pay 2012 2010/Pay 2011 2009/Pay 2010 2008/Pay 2009 2007/Pay 2008 2006/Pay 2007
Fund Name Fund No.Collections Collections Collections Collections Collections Collections Collections Collections Collections
Civil City
General Fund 101$37,349,387.81$36,708,989.23$36,251,396.68$39,368,430.88$38,514,549.66$39,814,543.36$41,760,551.78$50,966,189.00$48,720,726.00
Parks & Recreation 201 7,487,554.34 7,365,387.92 7,207,059.75 7,824,056.13 7,613,760.39 7,775,284.24 7,723,389.12 8,473,456.00 8,271,741.00
Studebaker Corridor Debt 310 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11,590.00
College Football Hall of Fame 313 906,263.17 497,767.83 1,268,178.59 1,133,205.12 1,549,953.75 1,516,486.91 1,180,901.15 1,513,804.00 1,127,140.00
Cumulative Capital Development 406 428,727.12 430,785.89 463,331.15 517,710.39 540,453.72 604,214.32 722,483.79 972,798.00 989,824.00
Fire Pension 701 0.00 0.00 0.00 0.00 0.00 0.00 247,165.62 1,646,881.00 1,536,839.00
Police Pension 702 0.00 0.00 0.00 0.00 0.00 0.00 399,267.00 1,626,919.00 1,380,555.00
Total - City 46,171,932.44 45,002,930.87 45,189,966.17 48,843,402.52 48,218,717.52 49,710,528.83 52,033,758.46 65,200,047.00 62,038,415.00
Tax Increment Financing
River West (Airport) TIF District 324 16,293,239.93 14,284,734.43 13,340,353.87 11,631,287.13 11,187,767.66 11,421,007.24 10,087,422.62 10,842,312.26 8,851,076.92
Sample Ewing TIF 414 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 778,093.13
South Bend Central TIF District (3)420 0.00 4,309,726.91 2,590,808.06 3,671,478.32 3,633,473.20 3,915,158.32 3,420,958.84 3,882,883.92 3,276,168.69
West Washington TIF District 422 402,910.59 580,987.35 493,608.45 422,714.50 431,085.39 631,344.95 228,704.14 360,629.23 287,094.73
Central Medical TIF District (3)426 0.00 851,210.84 1,221,676.17 1,606,914.83 1,704,238.37 1,759,028.21 1,765,934.06 921,967.21 928,112.55
River East (Northeast) TIF District 429 2,421,308.12 1,568,239.76 841,627.37 1,351,048.08 715,062.50 181,266.08 14,133.72 22,191.42 13,467.51
Southside TIF District #1 430 2,205,822.13 2,379,211.99 2,404,415.84 2,466,202.75 1,808,952.25 2,449,934.15 1,644,200.70 357,351.62 457,985.43
Erskine Commons TIF District #2 (1)431 0.00 0.00 0.00 0.00 784,372.59 3,140,749.75 2,837,842.49 1,240,194.04 2,890.85
Erskine Village TIF District #3 (2)432 19,182.73 9,175.08 1,311,128.78 0.00 1,603,182.09 1,858,426.55 1,900,860.36 1,534,115.47 775,621.72
Douglas Road TIF District 435 270,757.85 321,894.56 323,938.75 285,713.22 306,053.20 273,511.59 187,247.91 125,293.98 13,940.78
River East (NE Residential) TIF 436 3,129,681.13 2,725,908.77 2,262,764.70 2,514,047.92 2,446,102.90 1,815,828.92 0.00 0.00 0.00
Airport Urban Enterprise Zone 454 0.00 0.00 0.00 111,721.26 123,164.82 132,019.50 169,410.67 0.00 0.00
Total - Tax Increment Financing 24,742,902.48 27,031,089.69 24,790,321.99 24,061,128.01 24,743,454.97 27,578,275.26 22,256,715.51 19,286,939.15 15,384,452.31
Grand Total$70,914,834.92$72,034,020.56$69,980,288.16$72,904,530.53$72,962,172.49$77,288,804.09$74,290,473.97$84,486,986.15$77,422,867.31
(1) TIF tax increment eliminated for 2011/pay 2012 and thereafter
(2) TIF tax increment eliminated for one year, 2011/pay 2012. Available for 2012/pay 2013. Redevlopment Commission released TIF for 2013/pay 2014.
(3) TIF realignment during 2015 eliminates property tax revenue in these funds.
Actual collections include delinquent taxes from prior tax periods.
City of South Bend 2/21/2016 Page 2
City of South Bend, Indiana
Property Tax Collections - 2014 pay 2015
December 31, 2015
YTD Percent
Fund Name Collections of Total
General Fund$37,349,387.81 52.67%
River West TIF 16,293,239.93 22.98%
Parks & Recreation 7,487,554.34 10.56%
River East (Northeast) TIF 2,421,308.12 3.41%
Southside TIF District 2,205,822.13 3.11%
River East (Northeast Res) TIF 3,129,681.13 4.41%
Hall of Fame Bond 906,263.17 1.28%
Other 1,121,578.29 1.58%
Grand Total$70,914,834.92 100.00%
General Fund
River West TIF
Parks & Recreation
River East
(Northeast) TIF
Southside TIF
District
River East
(Northeast Res) TIF
Hall of Fame Bond Other
2014 Pay 2015 Property Tax Collections
City of South Bend 2/21/2016 Page 3
Type 2007/pay 2008 2008/pay 2009 2009/Pay 2010 2010/pay2011 2011/pay2012 2012/pay2013 2013/pay2014 2014/pay2015
Civil City Funds 65,200,047 52,033,758 49,710,529 48,218,718 48,843,403 45,189,966 45,002,931 46,171,932
TIF Funds 19,286,939 22,256,716 27,578,275 24,743,455 24,061,128 24,790,322 27,031,090 24,742,902
Total Property Tax Collections 84,486,986 74,290,474 77,288,804 72,962,172 72,904,531 69,980,288 72,034,021 70,914,835
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
90,000,000
2007/pay
2008
2008/pay
2009
2009/Pay
2010
2010/pay2011 2011/pay2012 2012/pay2013 2013/pay2014 2014/pay2015
Property Tax Collection Trends
TIF Funds
Civil City Funds
City of South Bend 2/21/2016 Page 4
Type 2007/pay 2008 2008/pay 2009 2009/Pay 2010 2010/pay2011 2011/pay2012 2012/pay2013 2013/pay2014 2014/pay2015
Civil City Funds 65,200,047 52,033,758 49,710,529 48,218,718 48,843,403 45,189,966 45,002,931 46,171,932
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
Property Tax Collection Trends -Civil City Funds
City of South Bend 2/21/2016 Page 5
12/23/14 08923 6,763,722.21 1,824,461.25 276,835.15 391,551.74
Type 2007/pay 2008 2008/pay 2009 2009/Pay 2010 2010/pay2011 2011/pay2012 2012/pay2013 2013/pay2014 2014/pay2015
TIF Funds 19,286,939 22,256,716 27,578,275 24,743,455 24,061,128 24,790,322 27,031,090 24,742,902
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000Property Tax Collection Trends -TIF Funds
City of South Bend 2/21/2016 Page 6
City of South Bend, Indiana
Property Taxes Receivable Collections vs Levy
2015 Pay 2015
December 31, 2015
2011-2012 2012-2013 2013-2014 2014-2015
Levy Levy Levy Levy Percent
Per County Per County Per County Per County Total Uncollected Collections/
Fund Name Fund No.Abstract Abstract Abstract Abstract Collections Levy Levy
Civil City
General Fund 101$42,159,959.10$38,369,939.03$38,715,401.11$38,619,247.00$37,349,387.81$1,269,859.19 96.71%
Parks & Recreation 201 8,374,886.47 7,623,780.24 7,760,516.48 7,742,127.00 7,487,554.34 254,572.66 96.71%
College Football Hall of Fame 313 859,959.09 1,341,607.54 524,471.43 937,076.00 906,263.17 30,812.83 96.71%
Cumulative Capital Development 406 554,158.31 490,121.50 453,896.12 443,304.00 428,727.12 14,576.88 96.71%
Total - City 51,948,962.97 47,825,448.31 47,454,285.14 47,741,754.00 46,171,932.44 1,569,821.56 96.71%
Tax Increment Financing
River West (Airport) TIF District (5)324 12,266,234.17 15,275,702.92 15,600,858.95 17,709,737.84 16,293,239.93$1,416,497.91 92.00%
South Bend Central TIF District (5)420 3,781,492.40 3,761,712.00 4,376,939.50 0.00 0.00 0.00 0.00%
West Washington TIF District 422 483,719.73 584,897.07 602,782.79 512,917.39 402,910.59 110,006.80 78.55%
Central Medical TIF District (4) (5)426 3,668,649.86 2,128,725.48 764,755.26 0.00 0.00 0.00 0.00%
River East (Northeast) TIF (5) (6)429 1,685,484.97 1,152,857.67 1,649,304.42 2,743,819.42 2,421,308.12 322,511.30 88.25%
Southside TIF District #1 430 2,608,924.21 2,618,580.97 2,478,709.77 2,504,494.11 2,205,822.13 298,671.98 88.07%
Erskine Commons TIF District #2 (2)431 0.00 0.00 0.00 0.00 0.00 0.00 0.00%
Erskine Village TIF District #3 (7)432 0.00 1,319,469.76 0.00 19,182.73 19,182.73 0.00 100.00%
Douglas Road TIF District (3)435 561,079.06 322,082.97 321,894.56 327,887.96 270,757.85 57,130.11 82.58%
River East (Northeast Residential) TIF (5) (6)436 2,542,578.19 2,607,578.70 2,674,146.48 3,273,328.42 3,129,681.13 143,647.29 95.61%
Airport Urban Enterprise Zone (1)454 74,480.84 0.00 0.00 0.00 0.00 0.00 0.00%
Total - Tax Increment Financing 27,672,643.43 29,771,607.54 28,469,391.73 27,091,367.87 24,742,902.48 2,348,465.39 91.33%
Grand Total$79,621,606.40$77,597,055.85$75,923,676.87$74,833,121.87$70,914,834.92$3,918,286.95 94.76%
(1) Special district passed February 23, 2009 for AJW South Bend Realty (AJ Wright Corporation).
Funds may be used for job training under the Urban Enterprise Zone statute.
(2) TIF disctrict has been decertified
(3) Property tax appeals for 2011-2012.
(4) County Assessor error in valuing Memorial Hospital property for 2011-2012. 90% of property de-exempted (taxed) and left
10% exempted (non-taxed). Should have been the opposite. Per Jeff Costello, CFO, of Memorial Hospital.
(5) TIF realignment during 2015.
(6) Total 2014/pay 2015 levy of $6,017,147.84
(7) Release of tax increment for 2015/pay 2016
Total collections include both current and delinquent tax collections.
City of South Bend 2/21/2016 Page 7
City of South Bend, Indiana
CAFR Property Taxes Receivable Calculation
2014 Pay 2015
December 31, 2015
2013-2014 2014-2015
Levy Levy Estimated CAFR
Per County Per County Collection Estimated Actual CAFR Accounts
Fund Name Fund No.Records Records Percentage Collections Collections Adjustments Receivable
Civil City
General Fund 101$38,715,401.11$38,619,247.00 95%$36,688,284.65$37,349,387.81$0.00($661,103.16)
Parks & Recreation 201 7,760,516.48 7,742,127.00 95%7,355,020.65 7,487,554.34 0.00(132,533.69)
College Football Hall of Fame 313 524,471.43 937,076.00 95%890,222.20 906,263.17 0.00(16,040.97)
Cumulative Capital Development 406 453,896.12 443,304.00 95%421,138.80 428,727.12 0.00(7,588.32)
Total - City 47,454,285.14 47,741,754.00 45,354,666.30 46,171,932.44 0.00(817,266.14)
Tax Increment Financing
River West (Airport) TIF District 324 15,600,858.95 17,709,737.84 95%16,824,250.95 16,293,239.93 0.00 531,011.02
South Bend Central TIF District 420 4,376,939.50 0.00 95%0.00 0.00 0.00 0.00
West Washington TIF District 422 602,782.79 512,917.39 95%487,271.52 402,910.59 0.00 84,360.93
Central Medical TIF District 426 764,755.26 0.00 95%0.00 0.00 0.00 0.00
River East (Northeast) TIF District 429 1,649,304.42 2,743,819.42 95%2,606,628.45 2,421,308.12 0.00 185,320.33
Southside TIF District #1 430 2,478,709.77 2,504,494.11 95%2,379,269.40 2,205,822.13 0.00 173,447.27
Erskine Commons TIF District #2 431 0.00 0.00 95%0.00 0.00 0.00 0.00
Erskine Village TIF District #3 432 0.00 19,182.73 95%18,223.59 19,182.73 0.00(959.14)
Douglas Road TIF District 435 321,894.56 327,887.96 95%311,493.56 270,757.85 0.00 40,735.71
River East (Northeast Residential) TIF 436 2,674,146.48 3,273,328.42 95%3,109,662.00 3,129,681.13 0.00(20,019.13)
Airport Urban Enterprise Zone 454 0.00 0.00 95%0.00 0.00 0.00 0.00
Total - Tax Increment Financing 28,469,391.73 27,091,367.87 25,736,799.48 24,742,902.48 0.00 993,897.00
Grand Total$75,923,676.87$74,833,121.87 $71,091,465.78$70,914,834.92$0.00$176,630.86
City of South Bend 2/21/2016 Page 8
City of South Bend, Indiana
Property Taxes Budget vs Collections
December 31, 2015
2012 2013 2014 2015 2015
Actual Actual Actual Revenue YTD Budget Percent of
Fund Name Fund No.Collections Collections Collections Budget Collections Variance Budget
Civil City
General Fund 101$39,368,430.88$36,251,396.68$36,708,989.23$37,349,888.00$37,349,387.81($500.19)100.00%
Parks & Recreation 201 7,824,056.13 7,207,059.57 7,365,387.92 7,488,000.00 7,487,554.34(445.66)99.99%
College Football Hall of Fame 313 1,133,205.12 1,268,178.59 497,767.83 906,264.00 906,263.17(0.83)100.00%
Cumulative Capital Development 406 517,710.39 463,331.15 430,785.89 428,730.00 428,727.12(2.88)100.00%
Total - City 48,843,402.52 45,189,965.99 45,002,930.87 46,172,882.00 46,171,932.44(949.56)100.00%
Tax Increment Financing
River West (Airport) TIF District 324 11,631,287.13 13,340,353.87 14,284,734.43 16,433,724.00 16,293,239.93(140,484.07)99.15%
South Bend Central TIF District 420 3,671,478.32 2,590,808.06 4,309,726.91 0.00 0.00 0.00 0.00%
West Washington TIF District 422 422,714.50 493,608.45 580,987.35 420,000.00 402,910.59(17,089.41)95.93%
Central Medical TIFDistrict 426 1,606,914.83 1,221,676.17 851,210.84 0.00 0.00 0.00 0.00%
River East (Northeast) TIF District 429 1,351,048.08 841,627.37 1,568,239.76 2,421,310.00 2,421,308.12(1.88)100.00%
Southside TIF District #1 430 2,466,202.75 2,404,415.84 2,379,211.99 2,400,000.00 2,205,822.13(194,177.87)91.91%
Erskine Commons TIF District #2 431 0.00 0.00 0.00 0.00 0.00 0.00 0.00%
Erskine Village TIF District #3 432 0.00 1,311,128.78 9,175.08 19,185.00 19,182.73(2.27)100.00%
Douglas Road TIF District 435 285,713.22 323,938.75 321,894.56 320,000.00 270,757.85(49,242.15)84.61%
River East (Northeast Residential) TIF 436 2,514,047.92 2,262,764.70 2,725,908.77 3,129,690.00 3,129,681.13(8.87)100.00%
Airport Enterprise TIF Fund 454 111,721.26 0.00 0.00 0.00 0.00 0.00 100.00%
Total - Tax Increment Financing 24,061,128.01 24,790,321.99 27,031,089.69 25,143,909.00 24,742,902.48(401,006.52)98.41%
Grand Total$72,904,530.53$69,980,287.98$72,034,020.56$71,316,791.00$70,914,834.92($401,956.08)99.44%
City of South Bend 2/21/2016 Page 9
City of South Bend, Indiana - All Funds
2014/Pay 2015 Property Tax Collections - City
December 31, 2015
101 201 313 406
Deposit Group General Parks &College Football Cumulative Subtotal - TIF Funds
Tax Payment Date Number Fund Recreation Hall of Fame Capital Dev.City(see attached)Total
Advance 6/8/2015 03778 13,463,468.56 2,699,065.71 0.00 154,544.81 16,317,079.08 0.00 16,317,079.08
Settlement 6/16/2015 03921 7,216,350.23 1,446,685.42 0.00 82,835.23 8,745,870.88 0.00 8,745,870.88
Settlement 6/16/2015 03922 0.00 0.00 501,784.88 0.00 501,784.88 14,121,026.46 14,622,811.34
Advance 10/30/2015 07364 2,012,110.57 403,374.41 0.00 23,096.67 2,438,581.65 0.00 2,438,581.65
Settlement 12/15/15 08369 14,657,458.45 2,938,428.80 0.00 168,250.41 17,764,137.66 0.00 17,764,137.66
Settlement 12/15/15 08370 0.00 0.00 404,478.29 0.00 404,478.29 10,621,876.02 11,026,354.31
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 37,349,387.81 7,487,554.34 906,263.17 428,727.12 46,171,932.44 24,742,902.48 70,914,834.92
City of South Bend 2/21/2016 Page 10
City of South Bend, Indiana - TIF Funds
2014/Pay 2015 Property Tax Collections
December 31, 2015
324 422 429 430 432 435 436
Deposit Group River West TIF West Washington River East Southside Area Erskine Village Douglas Road River East
Tax Payment Date Number District TIF District NE TIF TIF District TIF District TIF District Res. TIF Total
Settlement 6/16/2015 03922 9,396,167.91 195,865.56 1,391,012.32 1,298,974.33 11,490.26 163,943.98 1,663,572.10 14,121,026.46
Settlement 12/15/15 08370 6,897,072.02 207,045.03 1,030,295.80 906,847.80 7,692.47 106,813.87 1,466,109.03 10,621,876.02
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 16,293,239.93 402,910.59 2,421,308.12 2,205,822.13 19,182.73 270,757.85 3,129,681.13 24,742,902.48
City of South Bend 2/21/2016 Page 11
City of South Bend, Indiana
Estimated Property Tax Collections - Cash Basis - Budget vs Actual
December 31, 2015
"Budget Order""Circuit Breaker" Actual Property Tax
Fund Fund Tax DLGF Levy County Abstract Tax Amount Revenue Over/(Under)
Name Number Rate Gross Levy Reductions Levy Collected Budget Budget
2014 pay 2015
General Fund 101$2.8313$63,148,609$24,529,362$38,619,247$37,349,388$37,349,888($500)
Parks & Recreation 201 0.5676 12,659,609 4,917,482 7,742,127 7,487,554 7,488,000(446)
Cumulative Capital Development 406 0.0325 724,872 281,568 443,304 428,727 428,730(3)
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 3.4314 76,533,090 29,728,412 46,804,678 45,265,669 45,266,618(949)
Hall of Fame Bond 313 0.0687 1,532,268 595,192 937,076 906,263 906,264(1)
Total$3.5001$78,065,358$30,323,604$47,741,754$46,171,932$46,172,882($950)
2013 pay 2014
General Fund 101$2.7977$61,032,119$22,316,718$38,715,401$36,708,989$36,638,000$70,989
Parks & Recreation 201 0.5608 12,233,911 4,473,395 7,760,516 7,365,388 7,350,000 15,388
Cumulative Capital Development 406 0.0328 715,535 261,638 453,897 430,786 430,000 786
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 3.3913 73,981,565 27,051,751 46,929,814 44,505,163 44,418,000 87,163
Hall of Fame Bond 313 0.0379 826,792 302,321 524,471 497,768 497,000 768
Total$3.4292$74,808,357$27,354,072$47,454,285$45,002,931$44,915,000$87,931
2012 pay 2013
General Fund 101$2.5678$60,007,093$21,637,154$38,369,939$36,251,397$39,000,000($2,748,603)
Parks & Recreation 201 0.5102 11,922,899 4,299,119 7,623,780 7,207,060 7,800,000(592,940)
Cumulative Capital Development 406 0.0328 766,505 276,384 490,122 463,331 530,000(66,669)
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 3.1108 72,696,497 26,212,656 46,483,841 43,921,788 47,330,000(3,408,212)
Hall of Fame Bond 313 0.0599 1,399,807 58,199 1,341,608 1,268,179 1,118,460 149,719
Total$3.1707$74,096,304$26,270,856$47,825,448$45,189,967$48,448,460($3,258,493)
2011 pay 2012
General Fund 101$2.4954$58,390,366$16,230,407$42,159,959$39,368,431$39,950,000($581,569)
Parks & Recreation 201 0.4957 11,598,984 3,224,098 8,374,886 7,824,056 7,900,000(75,944)
Cumulative Capital Development 406 0.0328 767,494 213,336 554,158 517,710 550,000(32,290)
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 3.0239 70,756,844 19,667,841 51,089,003 47,710,197 48,400,000(689,803)
Hall of Fame Bond 313 0.0509 1,191,019 331,060 859,959 1,133,205 1,000,000 133,205
Total$3.0748$71,947,863$19,998,901$51,948,962$48,843,402$49,400,000($556,598)
2010 pay 2011 92.33% Actual
General Fund 101$2.4381$56,668,721$14,602,344$42,066,377$38,514,550$40,500,000($1,985,450)
Parks & Recreation 201 0.4818 11,198,470 2,885,611 8,312,859 7,613,760 7,900,000(286,240)
Cumulative Capital Development 406 0.0342 794,910 204,832 590,078 540,454 600,000(59,546)
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
City of South Bend 2/21/2016 Page 12
City of South Bend, Indiana
Estimated Property Tax Collections - Cash Basis - Budget vs Actual
December 31, 2015
"Budget Order""Circuit Breaker" Actual Property Tax
Fund Fund Tax DLGF Levy County Abstract Tax Amount Revenue Over/(Under)
Name Number Rate Gross Levy Reductions Levy Collected Budget Budget
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 2.9541 68,662,101 17,692,787 50,969,314 46,668,764 49,000,000(2,331,236)
Hall of Fame Bond 313 0.0727 1,689,765 435,417 1,254,348 1,549,954 1,200,000 349,954
Total$3.0268$70,351,866$18,128,204$52,223,662$48,218,717$50,200,000($1,981,283)
2009 pay 2010 92.26% Actual
General Fund 101$2.2536$55,292,202$11,851,752$43,440,450$39,814,543$41,000,000($1,185,457)
Parks & Recreation 201 0.4401 10,797,878 2,314,499 8,483,379 7,775,284 7,100,000 675,284
Cumulative Capital Development 406 0.0342 839,099 179,859 659,240 604,214 757,000(152,786)
Fire Pension Fund 701 0.0000 0 0 0 0 0 0
Police Pension Fund 702 0.0000 0 0 0 0 0 0
Subtotal 2.7279 66,929,179 14,346,110 52,583,069 48,194,042 48,857,000(662,958)
Hall of Fame Bond 313 0.0672 1,648,756 353,406 1,295,350 1,516,487 1,600,000(83,513)
Total$2.7951$68,577,935$14,699,516$53,878,419$49,710,529$50,457,000($746,471)
2008 pay 2009 89.72% Actual
General Fund 101$1.9777$53,009,727$6,458,340$46,551,387$41,760,552$43,900,000($2,139,448)
Parks & Recreation 201 0.3656 9,799,442 1,193,897 8,605,545 7,723,389 7,518,000 205,389
Cumulative Capital Development 406 0.0342 916,687 111,682 805,005 722,484 783,100(60,616)
Fire Pension Fund 701 0.0117 313,604 38,208 275,396 247,166 0 247,166
Police Pension Fund 702 0.0189 506,590 61,719 444,871 399,267 0 399,267
Subtotal 2.4081 64,546,050 7,863,846 56,682,204 50,852,858 52,201,100(1,348,242)
Hall of Fame Bond 313 0.0559 1,498,328 182,546 1,315,782 1,180,901 1,408,000(227,099)
Total$2.4640$66,044,378$8,046,392$57,997,986$52,033,759$53,609,100($1,575,341)
Circuit breaker net credits per Legislative Services Agency (South Bend Civil City): DLGF Impact of Property Tax Caps Reports:
2009 actual$8,679,919 2013$27,863,156
2010 actual 16,595,854 2014 28,708,050
2011 estimated 19,830,132
2012 estimated 20,545,596
City of South Bend 2/21/2016 Page 13
City of South Bend
Property Tax Trends
December 31, 2015
Historical Facts & Data
Certified Assessed Valuation Property Tax Rates per $100 Assessed Valuation
% Chg Cum Fire Police Civil HoF
Tax Year Pay Year NET AV vs Prior General Parks Cap Dev Pension Pension City Bond Total
2005 Tax Pay 2006 2,835,265,890
2006 Tax Pay 2007 3,022,357,147 6.6%2.17950%2.17950%certified
2007 Tax Pay 2008 2,976,080,798 -1.5%1.79240%0.29790%0.03420%0.05790%0.05720%2.23960%0.05320%2.29280%certified
2008 Tax Pay 2009 2,668,887,419 -10.3% 1.97770%0.36560%0.03420%0.01170%0.01890%2.40810%0.00000%2.40810%certified
2009 Tax Pay 2010 2,453,505,573 -8.1%2.25360%0.44010%0.03420%2.72790%0.06720%2.79510%certified
2010 Tax Pay 2011 2,324,451,862 -5.3%2.43810%0.48180%0.03420%2.95410%0.07270%3.02680%certified
2011 Tax Pay 2012 2,380,874,608 2.4%2.49540%0.49570%0.03280%3.02390%0.05090%3.07480%certified
2012 Tax Pay 2013 2,371,087,697 -0.4%2.56780%0.51020%0.03280%3.11080%0.05990%3.17070%certified
2013 Tax Pay 2014 2,209,726,672 -6.8%2.79770%0.56080%0.03280%3.39130%0.03790%3.42920%certified
2014 Tax Pay 2015 2,260,269,318 2.3%2.83130%0.56760%0.03250%3.43140%0.06870%3.50010%certified
Certified Tax Levy Cum Fire Police Civil HoF
Tax Year Pay Year$ (000)General Parks Cap Dev Pension Pension City Bond Total
2007 Tax Pay 2008
2008 Tax Pay 2009 certified 53,010 9,799 917 314 506 64,546 1,498 66,044
2009 Tax Pay 2010 certified 55,292 10,798 839 66,929 1,649 68,578
2010 Tax Pay 2011 certified 56,669 11,198 795 68,662 1,690 70,352
2011 Tax Pay 2012 certified 58,390 11,599 767 70,756 1,191 71,947
2012 Tax Pay 2013 certified 60,007 11,923 766 72,696 1,400 74,096
2013 Tax Pay 2014 certified 61,032 12,233 716 73,981 827 74,808
2014 Tax Pay 2015 certified 63,149 12,660 725 76,534 1,532 78,066
Levy Reductions Reduce Cum Fire Police Civil HoF
Tax Year Pay Year$ (000)%General Parks Cap Dev Pension Pension City Bond Total
2007 Tax Pay 2008
2008 Tax Pay 2009 12.2%6,458 1,194 112 38 62 7,864 182 8,046
2009 Tax Pay 2010 21.4%11,852 2,314 180 14,346 353 14,699
2010 Tax Pay 2011 25.8%14,602 2,886 205 17,693 435 18,128
2011 Tax Pay 2012 27.8%16,230 3,224 213 19,667 331 19,998
2012 Tax Pay 2013 35.5%21,637 4,299 276 26,212 58 26,270
2013 Tax Pay 2014 36.6%22,317 4,473 262 27,052 302 27,354
2014 Tax Pay 2015 38.8%24,529 4,918 282 29,729 595 30,324
Net Tax Billings Issued to Taxpayers (per County Abstract)Cum Fire Police Civil HoF
Tax Year Pay Year$ (000)General Parks Cap Dev Pension Pension City Bond Total
2007 Tax Pay 2008
2008 Tax Pay 2009 46,552 8,605 805 276 444 56,682 1,316 57,998
2009 Tax Pay 2010 43,440 8,484 659 52,583 1,296 53,879
2010 Tax Pay 2011 42,067 8,312 590 50,969 1,255 52,224
City of South Bend 2/21/2016 Page 14
City of South Bend
Property Tax Trends
December 31, 2015
2011 Tax Pay 2012 42,160 8,375 554 51,089 860 51,949
2012 Tax Pay 2013 38,370 7,624 490 46,484 1,342 47,826
2013 Tax Pay 2014 38,715 7,760 454 46,929 525 47,454
2014 Tax Pay 2015 38,620 7,742 443 46,805 937 47,742
Tax Collection Rates Collection
Tax Year Pay Year Rate %
2008 Tax Pay 2009 89.7%
2009 Tax Pay 2010 92.2%
2010 Tax Pay 2011 92.3%
2011 Tax Pay 2012 94.0%
2012 Tax Pay 2013 94.5%
2013 Tax Pay 2014 94.4%
2014 Tax Pay 2015 96.7%
Net Property Tax Collections
$ (000)Cum Fire Police Civil HoF
Tax Year Pay Year General Parks Cap Dev Pension Pension City Bond Total
2006 Tax Pay 2007 1 48,732 8,272 990 1,537 1,380 60,911 1,127 62,038
2007 Tax Pay 2008 50,966 8,473 973 1,647 1,627 63,686 1,514 65,200
2008 Tax Pay 2009 41,761 7,723 722 247 399 50,852 1,181 52,033
2009 Tax Pay 2010 39,815 7,775 604 48,194 1,516 49,710
2010 Tax Pay 2011 38,515 7,614 540 46,669 1,550 48,219
2011 Tax Pay 2012 39,368 7,824 518 47,710 1,133 48,843
2012 Tax Pay 2013 36,251 7,207 463 43,921 1,268 45,189
2013 Tax Pay 2014 36,715 7,365 431 44,511 498 45,009
2014 Tax Pay 2015 37,349 7,488 429 45,266 906 46,172
City of South Bend 2/21/2016 Page 15
12/23/2014 8923 6763722.21 1824461.25 276835.15
Name 2007/Pay 2008 2008/Pay 2009 2009/Pay 2010 2010/Pay 2011 2011/Pay 2012 2012/Pay 2013 2013/Pay 2014 2014/Pay 2015
General Fund 1.78922%1.97770%2.25360%2.43810%2.49540%2.56780%2.79770%2.83130%
Parks & Recreation 0.29737%0.36560%0.44010%0.48180%0.49570%0.51020%0.56080%0.56760%
Fire Pension 0.05780%0.01170%0.00000%0.00000%0.00000%0.00000%0.00000%0.00000%
Police Pension 0.05710%0.01890%0.00000%0.00000%0.00000%0.00000%0.00000%0.00000%
Cumulative Capital Development 0.03414%0.03420%0.03420%0.03420%0.03280%0.03280%0.03280%0.03250%
Hall of Fame Bond 0.05311%0.05590%0.06720%0.07270%0.05090%0.05990%0.03790%0.06870%
Total 2.28874%2.46400%2.79510%3.02680%3.07480%3.17070%3.42920%3.50010%
0.00000%
0.50000%
1.00000%
1.50000%
2.00000%
2.50000%
3.00000%
3.50000%
4.00000%
2007/Pay
2008
2008/Pay
2009
2009/Pay
2010
2010/Pay
2011
2011/Pay
2012
2012/Pay
2013
2013/Pay
2014
2014/Pay
2015
South Bend Property Tax Rates
General Fund Parks & Recreation
Fire Pension Police Pension
Cumulative Capital Development Hall of Fame Bond
City of South Bend 2/21/2016 Page 16
City of South Bend
Property Tax Rates & DLGF Tax Levy (before circuit breaker reductions)
December 31, 2015
Approved Approved Approved Approved Approved Approved Approved
2007 pay 2008 2008 pay 2009 2009 pay 2010 2010 pay 2011 2011 pay 2012 2012 pay 2013 2013 pay 2014
DLGF Levy Levy Levy Levy Levy Levy
Code Fund Name Rate$Rate$Rate$Rate$Rate$Rate$
0101 General 1.78923%53,248,815 1.97770%53,009,727 2.25360%55,292,202 2.43810%56,668,721 2.49540%58,390,366 2.56780%60,007,093
1301 Parks & Recreation 0.29737%8,850,046 0.36560%9,799,442 0.44010%10,797,878 0.48180%11,198,470 0.49570%11,598,984 0.51020%11,922,899
0341 Fire Pension 0.05780%1,720,100 0.01170%313,604 0.00000%- 0.00000%- 0.00000%- 0.00000%-
0342 Police Pension 0.05710%1,699,304 0.01890%506,590 0.00000%- 0.00000%- 0.00000%- 0.00000%-
2391 Cum Capital Development 0.03414%1,016,017 0.03420%916,687 0.03420%839,099 0.03420%794,910 0.03280%767,494 0.03280%766,505
Civil City 2.23563%66,534,282 2.40810%64,546,050 2.72790%66,929,179 2.95410%68,662,101 3.02390%70,756,844 3.11080%72,696,497
8485 Redevelopment Bond (HoF)0.05311%1,580,471 0.05590%1,498,328 0.06720%1,648,756 0.07270%1,689,765 0.05090%1,191,019 0.05990%1,399,807
Total 2.28874%68,114,753 2.46400%66,044,378 2.79510%68,577,935 3.02680%70,351,866 3.07480%71,947,863 3.17070%74,096,304
Net Assessed value 2,976,080,798 2,668,887,419 2,453,505,573 2,324,451,862 2,380,874,608 2,371,087,697
Change in Net AV-10.32%-8.07%-5.26%2.43%-0.41%
City of South Bend 2/21/2016 Page 17]
City of South Bend
Property Tax Rates & DLGF Tax Levy (before circuit breaker reductions)
December 31, 2015
Approved
2007 pay 2008
DLGF
Code Fund Name
0101 General
1301 Parks & Recreation
0341 Fire Pension
0342 Police Pension
2391 Cum Capital Development
Civil City
8485 Redevelopment Bond (HoF)
Total
Net Assessed value
Change in Net AV
Approved Approved
2013 pay 2014 2014 pay 2015
Levy Levy
Rate$Rate$
2.79770%61,032,119 2.83130%63,148,609
0.56080%12,233,911 0.56760%12,659,609
0.00000%- 0.00000%-
0.00000%- 0.00000%-
0.03280%715,535 0.03250%724,872
3.39130%73,981,565 3.43140%76,533,090
0.03790%826,792 0.06870%1,532,268
3.42920%74,808,357 3.50010%78,065,358
2,209,726,672 2,260,269,318
-6.81%2.29%
City of South Bend 2/21/2016 Page 18]
CITY OF SOUTH BEND, INDIANA
DETAIL OF NET ASSESSED VALUATION
(Assessment For the Year 2013 Payable in 2014)
South Bend South Bend South Bend South Bend South Bend South Bend
Centre Twp Clay Twp German Twp Penn Twp Warren Twp Portage Twp Totals Percent
Value of land$108,897,100$25,180,600$70,082,200$16,860,800$2,104,100$376,407,050$599,531,850
Value of improvements 455,679,500 118,920,100 416,802,200 84,056,900 23,157,700 2,501,609,250 3,600,225,650
Total value of real estate 564,576,600 144,100,700 486,884,400 100,917,700 25,261,800 2,878,016,300 4,199,757,500
Less: Mortgage, veterans, blind, age
65 & other exemptions(226,782,879)(34,751,678)(81,826,030)(26,878,588)0(956,849,205)(1,327,088,380)
Tax-exempt property(41,595,520)(7,886,172)(31,913,930)(9,323,600)0(338,719,623)(429,438,845)
Investment Deduction 0 0 0 0 0(2,220,700)(2,220,700)
Tax increment financing(54,830,088)(8,296,644)(254,036,780)0(23,635,380)(372,649,260)(713,448,152)
Tax abatements(3,509,402)0(16,005,217)(2,044,390)(1,626,420)(16,703,842)(39,889,271)
Net value of real estate 237,858,711 93,166,206 103,102,443 62,671,122 0 1,190,873,670 1,687,672,152 76.37%
Gross personal property assessments 27,588,490 7,943,500 165,860,160 2,093,660 6,867,500 342,519,210 552,872,520
Less: Tax abatements 0 0(14,974,063)0 0(7,448,676)(22,422,739)
Tax-exempt property(1,524,050)(150,390)(2,923,850)(938,290)0(77,717,165)(83,253,745)
Investment deduction 0 0 0 0 0(15,393,696)(15,393,696)
Tax increment financing 0 0 0 0 0 0 0
Net value of personal property 26,064,440 7,793,110 147,962,247 1,155,370 6,867,500 241,959,673 431,802,340 19.54%
Net value of utilities 11,365,950 3,708,780 7,323,120 1,088,910 338,560 66,426,860 90,252,180 4.08%
Total net assessed valuation 275,289,101 104,668,096 258,387,810 64,915,402 7,206,060 1,499,260,203 2,209,726,672 100.00%
Percentage of Total 12.46%4.74%11.69%2.94%0.33%67.85%100.00%
Summary
Real Personal Property/
Property Utilties Total Percent
Total value 4,199,757,500 643,124,700 4,842,882,200 100.00%
Deductions & exemptions(1,329,309,080)(15,393,696)(1,344,702,776)-27.77%
Tax exempt property(429,438,845)(83,253,745)(512,692,590)-10.59%
Tax increment financing(713,448,152)0(713,448,152)-14.73%
Tax abatements(39,889,271)(22,422,739)(62,312,010)-1.29%
Total net assessed valuation 1,687,672,152 522,054,520 2,209,726,672 45.63%
Percent 76.37%23.63%100.00%
Source: St. Joseph County Auditor's Office - Information from the County Abstract prepared by the Indiana Department of Local Government Finance.
City of South Bend 2/21/2016 Page 19
CITY OF SOUTH BEND, INDIANA
DETAIL OF NET ASSESSED VALUATION
(Assessment For the Year 2014 Payable in 2015)
South Bend South Bend South Bend South Bend South Bend South Bend
Centre Twp Clay Twp German Twp Penn Twp Warren Twp Portage Twp Totals Percent
Value of land$111,235,900$25,403,300$67,460,500$17,010,900$2,104,100$382,859,700$606,074,400
Value of improvements 457,250,600 116,476,100 409,078,800 83,055,200 22,895,800 2,497,974,020 3,586,730,520
Total value of real estate 568,486,500 141,879,400 476,539,300 100,066,100 24,999,900 2,880,833,720 4,192,804,920
Less: Mortgage, veterans, blind, age
65 & other exemptions(225,151,976)(33,285,949)(82,018,671)(26,710,454)0(903,098,984)(1,270,266,034)
Tax-exempt property(41,704,125)(7,423,168)(27,124,970)(9,323,600)0(338,256,082)(423,831,945)
Investment Deduction 0 0 0 0 0(1,702,500)(1,702,500)
Tax increment financing(59,228,996)(8,648,206)(248,406,279)0(23,951,500)(366,775,526)(707,010,507)
Tax abatements(2,784,175)0(18,302,844)(1,583,740)(1,048,400)(13,151,882)(36,871,041)
Net value of real estate 239,617,228 92,522,077 100,686,536 62,448,306 0 1,257,848,746 1,753,122,893 77.56%
Gross personal property assessments 27,801,510 8,667,670 166,310,462 2,283,340 6,991,780 345,705,220 557,759,982
Less: Tax abatements 0 0(18,079,655)0 0(11,780,800)(29,860,455)
Tax-exempt property(1,557,090)(155,400)(2,796,240)(1,065,870)0(81,148,643)(86,723,243)
Investment deduction 0 0 0 0 0(20,954,569)(20,954,569)
Tax increment financing 0 0 0 0 0 0 0
Net value of personal property 26,244,420 8,512,270 145,434,567 1,217,470 6,991,780 231,821,208 420,221,715 18.59%
Net value of utilities 9,260,250 3,696,780 6,771,990 1,101,960 336,000 65,757,730 86,924,710 3.85%
Total net assessed valuation 275,121,898 104,731,127 252,893,093 64,767,736 7,327,780 1,555,427,684 2,260,269,318 100.00%
Percentage of Total 12.17%4.63%11.19%2.87%0.32%68.82%100.00%
Summary
Real Personal Property/
Property Utilties Total Percent
Total value 4,192,804,920 644,684,692 4,837,489,612 100.00%
Deductions & exemptions(1,271,968,534)(20,954,569)(1,292,923,103)-26.73%
Tax exempt property(423,831,945)(86,723,243)(510,555,188)-10.55%
Tax increment financing(707,010,507)0(707,010,507)-14.62%
Tax abatements(36,871,041)(29,860,455)(66,731,496)-1.38%
Total net assessed valuation 1,753,122,893 507,146,425 2,260,269,318 46.72%
Percent 77.56%22.44%100.00%
Source: St. Joseph County Auditor's Office - Information from the County Abstract prepared by the Indiana Department of Local Government Finance.
City of South Bend 2/21/2016 Page 20
Net
Tax Year/Total Tax Exempt Tax Increment Tax Assessed
Collection Year Gross Valuation Deductions (1)Property Financing Abatements Valuation
2002/2003 4,739,829,223(904,251,939)(453,994,867)(294,204,668)(119,275,135)2,968,102,614
2003/2004 4,493,770,410(854,260,596)(447,837,997)(259,920,246)(123,901,225)2,807,850,346
2004/2005 4,559,530,815(867,415,614)(462,449,832)(269,578,611)(141,181,940)2,818,904,818
2005/2006 4,542,679,011(867,578,331)(413,587,899)(290,451,066)(135,795,825)2,835,265,890
2006/2007 5,009,335,347(1,014,750,501)(494,545,149)(382,668,480)(95,014,070)3,022,357,147
2007/2008 5,040,633,115(996,413,450)(494,748,890)(471,656,927)(101,733,050)2,976,080,798
2008/2009 5,387,419,960(1,557,329,781)(436,861,027)(625,910,065)(98,431,668)2,668,887,419
2009/2010 5,071,882,200(1,344,563,829)(449,848,037)(707,096,696)(116,868,065)2,453,505,573
2010/2011 4,991,866,350(1,353,769,271)(439,343,852)(777,038,302)(97,263,063)2,324,451,862
2011/2012 4,910,736,210(1,331,068,608)(417,907,225)(702,724,247)(78,161,522)2,380,874,608
2012/2013 5,091,220,910(1,397,134,910)(488,961,977)(761,349,489)(72,686,837)2,371,087,697
2013/2014 4,842,882,200(1,344,702,776)(512,692,590)(713,448,152)(62,312,010)2,209,726,672
2014/2015 4,837,489,612(1,292,923,103)(510,555,188)(707,010,507)(66,731,496)2,260,269,318
(1) Includes homestead standard deduction, supplemental standard deduction, mortgae deduction, blind/disabled deduction,
investment deduction, veteran's deduction, over 65 years old deduction, and geothermal deduction. In 2009, a new
35% supplemental standard deduction was provided as a part of "circuit breaker" property tax reform legislation.
Deductions 2014/Pay 2015 2014/Pay 2015
Homestead Standard Deduction 814,820,960 865,700,222
Supplemental Standard Deduction 368,795,377 370,952,895
Mortgage Deduction 44,358,618 46,396,568
Veteran's Deduction 11,027,128 10,105,601
Age 65 and Over Deduction 25,146,428 27,283,686
Energy Systems Deduction 403,400 403,600
Blind & Disabled Deduction 5,714,123 6,245,808
Investment Deduction 22,657,069 17,614,396
Total 1,292,923,103 1,344,702,776
Source: St. Joseph County Auditor's Office Abstract
City of South Bend, Indiana
Assessed Value of Taxable Property
2003 - 2015
City of South bend 2/21/2016 Page 21
(2)
Gross Assessed Values Less:Total Net City
Tax Year/Real Personal Utilities Total Non-Taxed Taxable Tax%
Collection Year Property Property Property Value Property (1)Value Rate Taxable
2002/2003 3,849,091,300 816,672,723 74,065,200 4,739,829,223 1,771,726,609 2,968,102,614 1.9606 62.62%
2003/2004 3,731,377,160 659,263,940 103,129,310 4,493,770,410 1,685,920,064 2,807,850,346 2.1115 62.48%
2004/2005 3,764,507,180 689,419,365 105,604,270 4,559,530,815 1,740,625,997 2,818,904,818 2.1148 61.82%
2005/2006 3,789,447,190 655,066,401 98,165,420 4,542,679,011 1,707,413,121 2,835,265,890 2.1795 62.41%
2006/2007 4,374,431,415 544,460,152 90,443,780 5,009,335,347 1,986,978,200 3,022,357,147 2.1046 60.33%
2007/2008 4,420,513,240 527,383,785 92,736,090 5,040,633,115 2,064,552,317 2,976,080,798 2.2356 59.04%
2008/2009 4,698,989,240 592,538,950 95,891,770 5,387,419,960 2,718,532,541 2,668,887,419 2.4081 49.54%
2009/2010 4,368,497,000 604,951,450 98,433,750 5,071,882,200 2,618,376,627 2,453,505,573 2.7279 48.37%
2010/2011 4,339,037,300 551,819,290 101,009,760 4,991,866,350 2,667,414,488 2,324,451,862 2.9541 46.56%
2011/2012 4,255,238,900 560,331,660 95,165,650 4,910,736,210 2,529,861,602 2,380,874,608 3.0239 48.48%
2012/2013 4,452,887,970 537,500,490 100,832,450 5,091,220,910 2,720,133,213 2,371,087,697 3.1108 46.57%
2013/2014 4,199,757,500 552,872,520 90,252,180 4,842,882,200 2,633,155,528 2,209,726,672 3.3913 45.63%
2014/2015 4,192,804,920 557,759,982 86,924,710 4,837,489,612 2,577,220,294 2,260,269,318 3.4314 46.72%
(1) non-taxed property includes adjustments for deductions & exemptions, tax exempt property, tax increment financing property, and
tax abatements.
(2) excludes Redevelopment Commission (Hall of Fame) tax rate
Source: St. Joseph County Auditor's Office Abstract
City of South Bend, Indiana
Assessed Value and Actual Value of Taxable Property
City of South Bend 2/21/2016 Page 22
CITY OF SOUTH BEND, INDIANA
NET ASSESSED VALUE OF TAXABLE PROPERTY (1)
Real Personal Utilities Total
Tax Year/Net Assessed Net Assessed Net Assessed Net Assessed Percent
Collection Year Value Value Value Value Change
2002/2003 2,320,892,057 573,145,357 74,065,200 2,968,102,614 51.52%
2003/2004 2,215,693,906 489,027,130 103,129,310 2,807,850,346 -5.40%
2004/2005 2,179,070,901 534,229,647 105,604,270 2,818,904,818 0.39%
2005/2006 2,200,118,689 536,981,781 98,165,420 2,835,265,890 0.58%
2006/2007 2,520,098,365 411,815,002 90,443,780 3,022,357,147 6.60%
2007/2008 2,493,481,003 389,863,705 92,736,090 2,976,080,798-1.53%
2008/2009 2,137,129,242 435,866,407 95,891,770 2,668,887,419-10.32%
2009/2010 1,911,818,036 443,253,787 98,433,750 2,453,505,573-8.07%
2010/2011 1,809,523,734 413,918,368 101,009,760 2,324,451,862-5.26%
2011/2012 1,858,836,588 426,872,370 95,165,650 2,380,874,608 2.43%
2012/2013 1,858,213,181 412,042,066 100,832,450 2,371,087,697-0.41%
2013/2014 1,687,672,152 431,802,340 90,252,180 2,209,726,672-6.81%
2014/2015 1,753,122,893 420,221,715 86,924,710 2,260,269,318 2.29%
Source: St. Joseph County Auditor's Office Abstract
(1) net of deductions & exemptions, tax exempt property, tax increment financing property,
and tax abatements.
City of South Bend 2/21/2016 Page 23