County Assessor 2016 Budget Presentation Assessor What We

County Assessor 2016 Budget Presentation

Assessor – What We Do 2016 Proposed - $892, 436 A 1. 51% decrease over 2015 Budget of $906, 163 The Summit County Assessor is responsible for the following processes of government: � Estimate market value for tax purposes on both real and personal property. � Administers Utah State Farmland Assessment Act � Administers Primary Residential Exemption statutes � Complies � Defends � Staff with State mandated sales ratios assessment values at local and State levels functions for Council on all Exemption applications

Assessor – Pondering Points Valuation � 40, 271 real property accounts valued at $19, 859, 718, 039 � Taxable value of $15, 660, 846, 522 – generates 41% of County revenue � 2015 Value for new growth is $497, 719, 206 Adjustments to Valuation � BOE: 2014 adjustments to value were less than. 003 percent � Appeals have declined from 3, 950 in 2009 to 1, 152 in 2014 Cost to Value Ratios (Every dollar spent on salaries) � Personal Property: $1 spent yields $29 � FAA: $1 spent yields $12 � Real Property: $1 spent yields $60 Every property returned to non-exempt status increases taxable value

S. W. O. T. ANALYSIS – COUNTY ASSESSOR • • • Strengths 150 years of accumulated experience All appraisal staff are Certified Ad Valorem appraisers Most appraisal staff are Certified Residential Appraisers Certified Personal Property Auditor Trained FAA (Greenbelt) Auditor Great interdepartmental interaction Opportunities • Pictometry would be very useful not only to this department but to many others. Other counties are using it to expedite the 5 year reappraisal mandate from the State • New statewide appraisal system is being finalized and looks promising • • Weaknesses Annual processes over and over again Need statistical and analytical tools Annual 1/5 of County reappraisal process is inefficient Lack of advanced technical programs Threats • Legislators who are not clear on the functions and responsibilities of the office • Changes in licensing requirements make training/retention/hiring more difficult and expensive • Inbalance between new hires and existing staff due to market demand

Personnel – Assessor 11 10 9 10 10 9 8 7 6 Full-Time 5 Part-Time 4 3 2 1 0 0 2012 � 0 2013 0 2014 0 2015 0 2016 Proposed Our department includes the Assessor, Chief Deputy, Deputy Assessor, Appraisors (6), and a Technician

Budget Analysis - Assessor $ 1 000 $ 900 000 $ 906 163 $ 800 000 $ 781 206 $ 885 524 $ 892 436 2016 Dept Request 2016 Proposed $ 821 118 $ 700 000 $ 600 000 $ 500 000 $ 400 000 $ 300 000 $ 200 000 $ 100 000 $- 2013 � 2014 2015 Budget 2016 figures follow 2015 budget figures with 2015 higher due to the 27 pay periods

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