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Home My WebLink About13 Statistical 2017 FY2017 Annual Budget STATISTICAL Sidewalks projects providing for safe pedestrian travel 227 FY2017 Annual Budget STATISTICAL Miscellaneous Statistical Data .................229 Statistical Information..............................230 Population &Georgetown Top Ten .........234 228 FY2017 Annual Budget MISCELLANEOUS STATISTICAL DATA General City Information Form of Government Council Manager Area (square miles)55.76 Miles of Streets 688 Number of Street Lights 4,043 2014 Average Unemployment Rate 3.70% Total City Employees 695.25 Recreation and Culture Number of Parks 34 Acres of parkland (includes parkland,developed,undeveloped,open space,etc.)1,007 Number of Libraries 1 Number of Library Items in Circulation 544,550 Public Safety Number of Fire Stations 5 Number of Firefighters 111 Number of Police Stations 1 Number of Police Officers 80 Utility Customers Number of Electric Customers 26,330 Number of Water Customers 33,426 Number of Watstewater Customers 23,513 Number of Stormwater Customers 24,747 Number of Sanitation Customers 23,733 Education Number of GISD Attendance Centers 18 Number of Teachers 781 Average Years of Experience 12 Student/Teacher Ratio 15:1 Total Number of Students 11,452 African American 4% Hispanic 44% White 48% Economically Disadvantaged 41% Weather Elevation 755 feet Annual Average Temperature 68 Monthly Average High Temperature 96° Monthly Average Low Temperature 39° 229 FY2017 Annual Budget STATISTICAL INFORMATION KEY INDICATORS Home values in Georgetown have increased over the past three years.The average home in Georgetown is now valued at over $253,320.Over this three year period,US Census data showed that for cities with over 50,000 residents Georgetown was the seventh fastest growing city in 2014,the second fastest growing city in 2015,and the fastest growing city in 2016. TAX RATE The adopted rate is 42.4 cents per $100 valuation,and represents the lowest rate in the greater Austin MSA with a population over 20,000.The effective rate is the rate the City would need to charge in order to produce the same amount of property tax revenues as last year while using the new valuations of the current year.Typically,property values appreciate from year to year.In most years,the increased value of a property means a lower tax rate could produce the same amount of revenue.For example,a home valued at $100,000 with a tax rate of 42.4 cents would produce $424 in property tax revenue.If in the following year,the home is now valued at $105,000,the effective rate would be 40.38 cents to produce the same $424 worth of revenue.The effective rate enables the public to evaluate the relationship between taxes for the prior year and for the current year.The rollback rate is the maximum tax rate the City can set before the taxpayers can petition for an election to reduce the tax rate.After adjustments for debt calculations,the rollback rate is equal to the effective rate times 8%,or in this example 43.61 cents for FY2017. 230 FY2017 Annual Budget HISTORICAL CERTIFIED ASSESSED VALUE AND TAX RATE The graphs below depict certified taxable values and tax rates.Certified assessed values determine the tax base for the City and aids in the adoption of the tax rate.With increases in both commercial and residential development,the City has increased certified value by nearly $2 billion since FY2013.With these increases and future growth projections,the City is able to generate significantly more revenue while maintaining one of the lowest tax rates in the region. For FY2017,the (AV)totals $6.34 billion.This represents an increase of 6.81%over last year’s AV and an increase of nearly 32%compared to five years ago.The increased valuation has allowed the City to maintain a low tax rate while still delivering high levels of service and new programs.In FY2017,the City’s tax rate will decrease by one cent per $100 of valuation. COMBINED TAX RATE The total combined property tax bill in the City of Georgetown totals $2.32 per 100 of valuation.Based on the average home value of $253,320,the City of Georgetown’s portion of the average property tax bill totals $1,074.08. Fiscal Year Certified Assessed Value Tax Rate Percantage Change FY2007 $3,060,088,213 0.36730 15.78% FY2008 $3,700,498,187 0.35660 20.93% FY2009 $4,176,836,943 0.35620 12.87% FY2010 $4,173,874,126 0.35620 0.07% FY2011 $4,180,224,985 0.35620 0.15% FY2012 $4,318,148,209 0.38750 3.30% FY2013 $4,479,836,955 0.41000 3.74% FY2014 $4,694,586,750 0.43950 4.79% FY2015 $5,253,246,873 0.43400 11.90% FY2016 $5,934,665,839 0.43400 12.97% FY2017 $6,338,819,024 0.42400 6.81% 231 FY2017 Annual Budget PEER BENCHMARKING The City utilizes peer benchmarking techniques to provide a point of reference for comparison.The City is mindful to compare the organization to similarly sized central Texas cities in order to obtain meaningful data. 232 FY2017 Annual Budget CITY PROPERTY TAX RATE COMPARISON The City of Georgetown’s tax rate is the lowest in the region. 233 FY2017 Annual Budget POPULATION AND GEORGETOWN’S TOP TEN Georgetown is the County Seat for Williamson County,the fastest growing city over 50,000 in the nation as published by the US Census Bureau.This means our city has seen steady growth over the past decade.Our population in 2007 was 44,324 and our projected 2017 population is 61,915;these numbers show a 10year population growth of 43.5%. GEORGETOWN’S TOP TEN Taxpayer Assessed Value 1WPGWolf Ranch,LLC $69,711,336 2CiticorpNorth America $60,732,836 3CitigroupTechnology,Inc $50,222,987 4TheBasshan Trust $36,694,921 5StDavid's Healthcare Partnership $35,136,906 6 Westinghouse Pointe Apts. $27,364,236 7Vantageat Georgetown $25,204,000 8 Summit at Rivery Park $25,029,930 9TwoRivers $24,669,572 10 Westinghouse Pointe Apts. $22,351,976 Taxpayers Employer Number of Employees 1 Williamson County Government 1,582 2 Georgetown ISD 1,550 3Cityof Georgetown 682 4St.David's Hospital 512 5Airborn,Inc 482 6SouthwesternUniversity 450 7WesleyanHomes 340 8CaringHome Health 269 9LoneStar Circle of Care 201 10 Sun City (Del Webb)170 Employers Customer 000 Gallons Consumed 1SouthwestMaterials 127,035 2SouthwesternUniversity 51,575 3Cityof Georgetown 49,830 4Citicorpof North America,Inc 46,338 5SunCity Tx Comm Assoc 39,529 6 Georgetown ISD 35,252 7 Williamson County 34,991 8TeravistaHOA 27,100 9 Georgetown Place Apts 24,617 10 St.David's Hospital 21,843 Water Customers Customer Volume 1Citicorpof North America,Inc 41,167 2SouthwesternUniversity 34,627 3 Williamson County 28,025 4 Georgetown ISD 26,302 5 Georgetown Place Apts 21,934 6StDavid's Hospital 19,831 7CypressCreek Apts 18,354 8WesleyanHomes 14,694 9 Indian Creetk Apts 13,004 10 City of Georgetown 12,702 Wastewater Customers 234