COUNTY ROAD AND BRIDGE LEVY

Section Title

Distribution: General Fund 100%

Source: Residents and businesses who own property in Douglas County

Collection: Douglas County imposes a mill levy dedicated to road and bridge improvements throughout Douglas County. Because Douglas County’s efforts only include unincorporated areas and the property tax is collected from all areas, the state requires that Douglas County return one half of the road and bridge levy collected in each municipality back to them. The formula used to compute the amount returned to Parker is as follows:

County Road and Bridge Levy x Total Town Assessed Value / 2 = Town Portion

The money is distributed quarterly via electronic funds transfer to the Town of Parker.

Trend:

1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2,400,000 2018 2019 2020 2021 2022 Projected 2023 Adopted

20181,661,505

%

16.2%

20212,039,1773.5%

2022 Projected 2,260,00010.8%

• Revenue is impacted by the change in assessed valuations both within the County and the Town. Variations in growth rates reflect the biannual assessment process of property values.