HomeMy WebLinkAbout02-25-19 City Commission Packet Materials - SP3. 2018 Comparative Municipal Tax Review - SUPPLEMENTAL MATERIALS (Powerpoint) �/ems
City of Bozeman Comparative Municipal Tax Review
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Michael P. Wallner, PhD
Greta Linse, MS
Agenda
• Major Findings
• Purpose
• Methodology
• Data analysis & discussion
• Comparative analysis
• Policy implications
Major Findings
• Bozeman receives the average tax revenue of all
municipalities
• We can't keep asking citizens to raise property taxes
• Tax relief for citizens, while possibly taxing tourists
Purpose of Study
• Compare tax structures, revenues & unique approaches
• Efficient and effective tax structures
• Tax relief for citizens, while possibly taxing tourists
• Timeline & states Methodology
• Detailed letter of explanation
• Studied municipalities tax structures and requested data
• Obtained & analyzed data
9 Final report and presentation
Sample
• Bozeman , Billings, Helena, Great Falls, Whitefish , Kalispell,
Missoula, Boulder, Fort Collins, Laramie, Sun Valley, Flagstaff,
Bend , and Juneau (n= 14)
• Justifications for our sample
OUtdoor Economy Employment by Region
North Central pemrtm-mr of
waoQr and f'xjLt Cmv.
Northwest
16 'e �Uue`r�s.l{� I^Qltti�c�
w4gi .
South
k 300/o qrLefn
Central
Total Revenue Per Capita
$4,000
$3,500
$3,000
$2,500
$4000
$1,500
$110DO
$500,
40
Revenue Per Capita by Tax Categories
$4,0 00
$3,500
$3,000
$2,SOO
$1�000
$11500
I
$1,000
$50
s'a
■PropertF taxes ■Sales/Resort taxes ®Impact fees
■SpFeeial improvement districts■Fuel taxes(State) Other
S TOTAL
Proportion of Major Revenue Sources
iu - -----
7 0 - --
6 — --- - -
5 - -- - -
40 -_ -
y0 ,, -
10 — -
_- -
■Pro-Den_,=yzes '-7 S,l e- R,e_:ort IaxEs I_ pact fees ■Special improvement di=ic s ■Fiuel taxes(gmw) ■Other
Impact Fees Per Capita
$1$01
$1,60
$140 -
$120
$40 _ _...........
so _
y
Local Option Sales & Resort Taxes Per Capita
$1W300
$1,600
$IAOO
$1,000
$800
$600
$400
4e
Property Taxes Per Capita
.I. DO
SIADO
S1,21Q0
S1,DDQ
S80D,
SWU
340U
320U
$0, 40
■ ■
° ' '�
Fuel Taxes Per Capita
$2001
$00,
$160,
$140,
$12,01
$1001
$60,
S40,
$20,
poll oo s;
Special Improvement Districts Per Capita
00
$1,50
00
$50
i
'Whik& Helene. Gnat ]Mjss Dula Ka:i�rpe:l BMin H Dulder Buzeman Ft Calfiuv Bend Rapt,-tr Juneau. v:br
FauI -f aUe v
Other Revenue Per Capita
$SOO
$00
$300
$2001
$1,001
b6,
NIP
ace
Bend vs . Bozeman
$700
$NO
$500
$40
$300
$00
$100
$0
Sales Tax Impa-ct Fees SID er�7 Terre_ Fuel Tay Tom
■Segid ■3:vtes_an.
Boulder vs . Bozeman
raw
$1,4010
$1,2010
$8,00
$600
$40 0
$200
so
Sales Tax Impact Fees SED Propertyr Taxes Fuel.Tax Other Total
■Boulder ®Bozeman
Flagstaff vs . Bozeman
U,200
$LID O
WO
$41,00
00
so
_ ■ ■
es Ta: Impact Fee, SQD Property Taxes Fuel Tax. Dther Tun]
■n, a a$ ®Bazeman
Juneau vs . Bozeman
VOID
$2,500
$2,0110
Waco
Sao -
So
7•
Sallies Taa hipM fees Sla 1"et Taws. Puel.Taz hex TOM
■]'emu ■fin
Missoula vs . Bozeman
$900
$700
S600
SS-00
$400
$300 ---- - ---
$100
Stales Tax bnpa t Fr E5 vTa FrDpp—rtv Taxes Fuel Tax he,- Totals
■ML—scula =Ec imam
Sun Valley vs . Bozeman
$2,500
$2,06+rn
$1400
SOO
so
® .—
SalesfRema°t Tags. lingact Fees SID Pmpertqr Tapes Fuel.Tax t ther Taal
■Sdn VaUgj ■EDze maa.
Policy Implications
• Special improvement district revenue
• Fourth highest property taxes with fourth lowest income
• Tourism is a primary economic driver
• Revenue to solve complex public policy problems
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