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20,000,000 <br />18,000,000 <br />16,000,000 <br />14,000,000 <br />12 000,000 <br />10,000,000 <br />8,000,000 <br />6,000,000 <br />4,000,000 <br />2,000,000 <br />Sales Tax Revenue <br />Recreation Center Tax' <br />(0.15%) Effective 2018 <br />1 <br />Implementation of Consumer! <br />Use Tax Effective 2011 <br />Historic Preservation Tax <br />(0.125%) Effective 2009 <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Nom i n al/Cur rent Dollars Real/Constant Dollars (Base = 2000) Per cent of Ch a nge <br />Long -Term Financial Plan — Property Tax Revenue Projections <br />The City has received its final 2018 assessed valuation amounts from the Boulder County Assessor. <br />The 2018 assessed valuation determines the amount of property tax revenue that will be received in <br />2019. The final 2018 assessed valuation amounts will be received in late November. <br />The City of Louisville's total net assessed valuation increased from $639,643,203 in 2017 to <br />$645,591,119 in 2018. Net assessed valuation refers to the gross assessed valuation less the Urban <br />Revitalization District's increment amount. This calculates to a 0.9% increase in property tax revenue <br />for 2019 over 2018, assuming the mil levy stays the same. <br />The Boulder County Assessor reappraises property, taking market value increases into account, every <br />two years. These are referred to as "reassessment" years. Note that 2018 is not a reassessment year, <br />so a very small increase in net assessed valuation was expected. <br />The actual and proposed mil levies for 2017 through 2020 collection years (one year after the levy year) <br />are shown in the following table: <br />5 <br />