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COUNTY TAX RATE REDUCED FOUR <br />Tax Rate History <br />OF THE LAST FIVE YEARS <br />The proposed 2018 beset calls for a redsw ion in <br />the cointyproperty tax rate of 1.2%. Therednc- <br />37% <br />tion in tax rate is a fim¢tion of a rising tax base. <br />35% 34.22S4i <br />signifiewt new construction value and an increase <br />0- <br />in the levy needed to pay for aouaty senices. The <br />3a-..3L8119L <br />2018 reduction in tax rate wtild be the foga <br />out of the last five years the,- county has seen a <br />31% 30.5(A% 30.448'x; <br />reduction in the tax rate. Ul sh ton Ccan3ty in <br />30.09M <br />2017 had the second loumst tai rate of aft <br />t <br />seen aacetropoiitan counties; and our proposed tax <br />rate for 2018 is anticipated to remain the second <br />27% <br />2013 1024 2015 Z016 2017 tos <br />lMX-A. <br />Estimated County Portion of Tax <br />Bawd *%* harnr nhrd at $190,000In MW <br />saoc <br />5720 5712 $7co $706 5 9 ;res <br />Sc,ae 5681 5681 <br />z <br />o SFAC sh.& <br />O 4 'L 'A ♦ 5 b 1 <br />�o <br />y° <br />INCREASED PRESSURE ON THE <br />COUNTY PROPERTY TAX <br />The cast to provide the 5116 mien in <br />mandated services in 2o17 is estimated to <br />increase by 6.�► in 2o18. This grog%th is <br />from increased service demand, pro- <br />gram changes, and the typical increases <br />in costs of employees that provide these <br />services. The county prop' tax pays <br />for roughly= 6o%ofthe total cost of them <br />mandated ser%wes. The uuzeaise m <br />county property tames to find the cost of <br />esdsting mandated services in 2o18 will <br />exceed S4.6 million. A county= property= <br />tau levy increase of 4.5% is needed to jag <br />pay for these cots. <br />STRONG FINANCIAL HISTORY <br />Washington County has a hLston. of strong finan- <br />cial management and a to v twx burden. Ibe county <br />properly tat rate second lovmst of the seven <br />metropolitan oonnties and has dropped m four <br />of the past ft v Nvars. The recommended budget <br />includes a recommended i.a% decrease in the <br />county tax rate and an annual increase in coun- <br />ty tax of $34 for the median valued home in the <br />county (S25 -,Soo in ?oa$) that saw an increase <br />Of 4.9% m value from :tai -7 to 2oi8, uidch is the <br />median value increase of residential pro€rerhr. The <br />median valued home in 22009 (S283,400) Paid <br />I S7i2 per year m county property tax. Based on the <br />recommended 2ca18 budget, the wedian valued <br />home nal tear (S2., ,600) would parr $743, a S31 <br />me re se in the past nine years. Washington Coun- <br />ty is also one of small number of romhes nation- <br />wuk that is rated khA by both major credit rating <br />agues, Standard and Poor's and MoodN!s. <br />Mandated Services Spending <br />on Core Functions in 2017 <br />(Wasitington County) r,glL, <br />■ $116 million, mandated <br />■ $26.6 million, core function <br />$13 million, all otter {i.e., <br />utilities, rent, technology not <br />assigned to a specific program} <br />0 <br />