2013 TAX DIGEST PRESENTATIONJuly 23, 2013

PRESENTED BY : JAMES PEHRSON CPACOBB COUNTY FINANCE DEPARTMENT

PRESENTED BY : JAMES PEHRSON, CPADIRECTOR/COMPTROLLER

2013 DIGEST PRESENTATION2013 DIGEST PRESENTATION

Ad i J l 23 2013 7 00 Adoption on July 23, 2013 at 7:00 p.m. (intent to adopt the millage advertised on July 8, 2013 in MDJ)

MDJ AD – JULY 8, 2013

GENERAL FUND TAX DIGESTGENERAL FUND TAX DIGEST

Fiscal Year Gross Digest Exemptions Net Digest

2013 28,814,578,201 (4,093,762,323) 24,720,815,878

2012 29 000 027 430 (4 189 650 734) 24 810 376 696 2012 29,000,027,430 (4,189,650,734) 24,810,376,696

Increase/(Decrease) (185,449,229) (95,888,411) (89,560,818)

P I /(D ) (0 64%) (2 29%) (0 36%)

2013 Exemptions= $ 30.8 M Savings to Taxpayers

Percentage Increase/(Decrease) (0.64%) (2.29%) (0.36%)

GENERAL FUND DIGEST DETAILCobb County General Fund Digest Assessed Value Assessed Value Change

Real PropertyResidential Digest 15 898 744 720 15 725 066 781 1 09%

FY 2013FY 2012

Residential Digest 15,898,744,720 15,725,066,781 -1.09%Commercial 7,217,018,110 6,859,877,810 -4.95%Other Real

Industrial 230,351,008 222,169,276 -3.55%Historic 643,532 482,848 -24.97%, ,Agricultural 28,399,029 26,758,632 -5.78%Conservation Use 54,547,436 58,637,528 7.50%Environmentally Sensitive 733,744 733,744 0.00%Brownfield/Other 1990's 648,012 1,011,280 56.06%

Real Total 23,431,085,591 22,894,737,899 -2.29%Personnel Digest 2,901,783,664 3,005,768,196 3.58%Digest Total 26,332,869,255 25,900,506,095 -1.64%

Public Utilities 783 320 524 871 395 434 11 24%Public Utilities 783,320,524 871,395,434 11.24%Motor Vehicle 1,868,365,147 2,028,102,896 8.55%Mobile Home 13,941,987 13,505,783 -3.13%Timber - 6,200 100.00%Heavy Duty Equipment 1,530,517 1,061,793 -30.63%y y q p , , , , Gross Digest 29,000,027,430 28,814,578,201 -0.64%Exemptions (4,189,650,734) (4,093,762,323) -2.29% Taxable Digest 24,810,376,696 24,720,815,878 -0.36%

GENERAL FUND EXEMPTION DETAIL

ExemptionsCL1 Local Homesteaded Property (10,000) (1,488,708,910) (1,461,226,862) -1.85%CL2 Local >65 Homesteaded Property (37,758,054) (36,922,090) -2.21%CL5 County Veteran Disability (19,673,993) (21,911,263) 11.37%CL6 County Regular Disability (25,974,989) (25,510,777) -1.79%CL7 Floating Homestead (1,319,212,923) (1,211,765,333) -8.14%CSG Surviving Spouse - Firefighter or Peace Officer (377,968) (287,112) -24.04%CSS Surviving Spouse - US Service Member (3,766,276) (5,043,080) 33.90%SF Freeport (1,229,561,266) (1,265,020,891) 2.88%SP Personal Property < $7,600 (9,457,305) (9,268,288) -2.00%SB Brownfield Property (600,720) (901,588) 50.08%EZ Enterprise Zone (1,360,229) (978,025) -28.10%SH Historic Property (167,330) (155,224) -7.23%SV CUVA Property (52,300,589) (54,046,304) 3.34%SW Environmental Sensitive (730,182) (725,486) -0.64%

Total Exemptions (4,189,650,734) (4,093,762,323) -2.29%

FLOATING HOMESTEAD EXEMPTIONFLOATING HOMESTEAD EXEMPTIONCobb CountyG l F d Fl ti H t d E tiGeneral Fund Floating Homestead Exemption

Floating Homestead Exemption: 2012 Digest 2013 DigestE ti 1 319 212 923 1 211 765 333 Exemptions 1,319,212,923 1,211,765,333

Increase over prior year (336,913,041) (107,447,590) Parcel count 64,042 59,036 I i l t i (18 238) (5 006) Increase in parcel count over prior year (18,238) (5,006)

Millage Rate 7.72 7.52 C ll ti R t 100% 100%Collection Rate 100% 100%

Tax Savings to Residents 10,184,324 9,112,475 C l ti S i (2001 2013) 186 845 154 195 957 630Cumulative Savings (2001 - 2013) 186,845,154 195,957,630

FIRE FUND TAX DIGESTFIRE FUND TAX DIGEST

Fiscal Year Gross Digest Exemptions Net Digest

2013 23,090,478,960 (432,052,718) 22,658,426,242

2012 23,265,174,486 (442,446,093) 22,822,728,393 ( )

Increase/(Decrease) (174,695,526) (10,393,375) (164,302,151)

Percentage Increase/(Decrease) (0.75%) (2.35%) (0.72%)

2013 Exemptions= $1 3 M Savings to Taxpayers

g /( ) ( ) ( ) ( )

2013 Exemptions $1.3 M Savings to Taxpayers

DEBT SERVICE FUND TAX DIGESTDEBT SERVICE FUND TAX DIGEST

Fiscal Year Gross Digest Exemptions Net Digest

2013 28,814,578,201 (1,397,654,013) 27,416,924,188

2012 29,000,027,430 (1,357,726,618) 27,642,300,812

Increase/(Decrease) (185,449,229) 39,927,395 (225,376,624)

Percentage Increase/(Decrease) (0.64%) 2.94% (0.82%)

2013 Exemptions= $ 0 46 M Savings to Taxpayers2013 Exemptions $ 0.46 M Savings to Taxpayers

PROPOSED MILLAGE COMPARISONPROPOSED MILLAGE COMPARISON

Proposed 2013

Adopted 2012 Change

General Fund 7.52 mills 7.72 mills -0.20 mills

Debt .33 mills .33 mills 0.00 mills

Fire 3.06 mills 3.06 mills 0.00 mills

TOTAL 10.91 mills 11.11 mills -0.20 mills

2013 ESTIMATE TAX RATE2013 ESTIMATE TAX RATE

Proposed FY 2013 Millage Rate

1.1%10.3%

p g

25.2% Cobb School M&OCobb M&O

63.4%Cobb M&OCobb Bond

Cobb Fire