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Estimated Market Values and Net Tax Amounts – by Property Type

Payable Years: 2017-2022
Property Type 2017 2018 2019 2020 2021 2022
Estimated Market Value (millions)
Residential Homestead $314,140 $334,353 $358,502 $382,670 $399,523 $423,745
Residential Nonhomestead 46,425 49,629 53,064 57,535 61,376 65,171
Apartment 32,801 37,302 41,418 45,780 51,582 55,400
Commercial/Industrial 81,404 86,194 90,089 94,297 100,872 101,568
Public Utility 14,347 15,050 15,688 15,097 16,362 14,819
Agricultural 144,244 140,837 140,076 141,703 141,671 142,483
Seasonal recreational 27,242 27,857 28,817 29,860 30,815 32,244
TOTAL 660,603 691,222 727,654 766,942 802,201 835,430
Net Tax (millions)
Residential Homestead $3,967.9 $4,213.8 $4,509.1 $4,835.7 $4,888.5 $5,201.0
Residential Nonhomestead 675.3 711.8 754.7 814.2 834.8 887.8
Apartment 556.7 623.9 685.2 751.0 804.8 869.6
Commercial/Industrial 2,904.1 2,964.5 3050.4 3,118.7 3,188.7 3,201.1
Public Utility 441.7 455.9 475.9 451.7 384.0 417.2
Agricultural 776.8 741.7 756.9 772.9 764.2 773.6
Seasonal Recreational 273.8 279.4 289.5 296.0 295.8 306.4
TOTAL 9,596.3 9,991.0 10,521.7 11,040.2 11,247.5 11,656.7
Payable Years: 2011-2016
Property Type 2011 2012 2013 2014 2015 2016
Estimated Market Value (millions)
Residential Homestead $293,429 $283,869 $266,904 $267,062 $288,495 $300,302
Residential Nonhomestead 38,826 38,084 37,553 39,133 42,624 45,151
Apartment 21,035 21,204 21,803 22,883 25,178 28,454
Commercial/Industrial 72,193 70,450 71,312 71,526 73,587 77,374
Public Utility 10,264 10,801 10,653 10,851 12,100 13,379
Agricultural 97,479 101,090 113,378 139,761 155,622 150,174
Seasonal recreational 27,159 26,060 25,194 24,895 26,139 26,756
TOTAL 560,385 551,558 546,797 576,111 623,745 641,590
Net Tax (millions)
Residential Homestead $3,529.3 $3,613.5 $3,512.3 $3,497.9 $3,641.6 $3,840.1
Residential Nonhomestead 541.9 571.7 585.0 604.8 629.7 667.9
Apartment 343.1 372.6 400.9 420.1 440.2 494.0
Commercial/Industrial 2,495.8 2,603.7 2,728.5 2,774.2 2,739.8 2,810.6
Public Utility 304.7 345.8 353.8 360.0 384.0 417.4
Agricultural 571.7 632.3 680.3 741.5 772.6 788.1
Seasonal Recreational 233.2 244.7 246.8 247.3 260.5 269.3
TOTAL 8,019.7 8,384.3 8,507.4 8,645.8 8,868.4 9,287.4
Payable Years: 2005-2010
Property Type 2005 2006 2007 2008 2009 2010
Estimated Market Value (millions)
Residential Homestead $265,452 $292,706 $324,365 $329,676 $326,501 $310,771
Residential Nonhomestead 23,605 29,511 35,954 42,047 43,423 41,947
Apartment 18,725 19,756 20,831 21,398 21,782 21,821
Commercial/Industrial 52,925 57,639 64,399 71,845 76,621 76,606
Public Utility 7,978 8,156 8,298 8,698 8,890 9,153
Agricultural 57,806 66,921 74,416 76,497 82,758 94,679
Seasonal recreational 18,725 22,122 25,359 29,525 30,576 28,232
TOTAL 444,929 496,811 553,622 529,686 590,651 583,209
Net Tax (millions)
Residential Homestead $2,640.6 $2,971.3 $3,332.7 $3,405.6 $3,508.1 $3,490.2
Residential Nonhomestead 258.7 324.9 399.4 483.2 532.2 543.1
Apartment 282.0 283.6 294.2 295.7 313.9 327.9
Commercial/Industrial 1,752.8 1,864.2 2,040.2 2,205.1 2,402.4 2,475.7
Public Utility 242.1 239.2 240.8 240.0 247.3 258.4
Agricultural 327.9 367.5 424.0 444.7 475.4 551.7
Seasonal Recreational 171.7 172.3 198.3 211.7 232.8 229.8
TOTAL 5,675.8 6,223.0 6,929.6 7,286.0 7,712.1 7,876.8
Sources: estimated market values derived from annual Department of Revenue abstracts of assessment, and net tax amounts derived from House Research property tax simulations.
Payable Years: 1999-2004
Property Type 1999 2000 2001 2002 2003 2004
Estimated Market Value (millions)
Residential Homestead $129,287 $141,233 $159,611 $184,566 $212,458 $238,246
Residential Nonhomestead 7,311 8,081 9,384 11,133 14,173 18,552
Apartment 8,688 9,577 10,961 12,878 14,929 16,741
Commercial/Industrial 33,079 36,356 40,575 44,908 48,132 50,281
Public Utility 6,727 7,120 7,162 7,309 7,443 7,756
Agricultural 33,738 36,373 38,082 41,343 45,496 51,851
Seasonal recreational 7,235 8,200 9,483 11,061 13,400 15,833
TOTAL 226,065 246,940 275,258 313,198 356,031 399,259
Net Tax (millions)
Residential Homestead $1,890.1 $1,941.7 $2,141.3 $1,869.1 $2,188.6 $2,403.4
Residential Nonhomestead 146.5 149.0 162.2 144.6 168.2 209.3
Apartment 265.0 272.7 298.2 270.4 276.5 271.7
Commercial/Industrial 1,538.4 1,600.9 1,709.6 1,662.9 1,713.6 1,759.9
Public Utility 299.0 302.6 294.7 245.2 243.5 245.2
Agricultural 352.9 302.7 309.8 273.6 290.1 304.7
Seasonal Recreational 112.2 109.5 120.0 120.4 133.6 147.7
TOTAL 4,604.1 4,679.2 5,035.7 4,586.2 5,014.1 5,341.8
Source: Department of Revenue Property Tax Bulletin
Payable Years: 1995-1998
Property Type 1995 1996 1997 1998
Estimated Market Value (millions)
Residential Homestead $95,124 $103,052 $110,789 $119,837
Residential Nonhomestead 5,830 6,168 6,440 6,776
Apartment 7,138 7,256 7,567 7,971
Commercial/Industrial 24,956 25,757 27,764 30,023
Public Utility 6,172 6,360 6,427 6,510
Agricultural 26,668 28,023 29,611 31,311
Seasonal recreational 5,004 5,445 5,924 6,492
TOTAL 170,892 182,061 194,522 208,920
Net Tax (millions)
Residential Homestead $1,586.5 $1,731.0 $1,834.4 $1,846.1
Residential Nonhomestead 178.4 185.3 187.9 177.3
Apartment 303.7 302.9 305.1 284.9
Commercial/Industrial 1,461.7 1,506.0 1,581.5 1,538.4
Public Utility 331.2 339.4 340.6 316.1
Agricultural 321.0 335.0 349.0 351.9
Seasonal Recreational 117.1 121.7 115.3 110.2
TOTAL 4,299.7 4,521.3 4,713.8 4,624.9
Source: Department of Revenue Property Tax Bulletin
Payable Years: 1991-1994
Property Type 1991 1992 1993 1994
Estimated Market Value (millions)
Residential Homestead $74,632 $78,180 $82,116 $88,027
Residential Nonhomestead 6,605 6,586 6,704 6,201
Apartment 7,485 7,542 7,374 7,153
Commercial/Industrial 25,348 25,543 25,506 24,829
Public Utility 5,644 5,747 5,936 6,013
Agricultural 22,666 24,236 24,930 25,794
Seasonal recreational 4,010 4,189 4,435 4,652
TOTAL 146,390 152,023 157,001 162,669
Net Tax (millions)
Residential Homestead $1,060.8 $1,149.5 $1,267.5 $1,411.7
Residential Nonhomestead 234.0 235.6 212.8 186.6
Apartment 279.8 294.4 299.1 297.5
Commercial/Industrial 1,300.7 1,364.4 1,439.7 1,425.2
Public Utility 261.8 274.4 300.9 315.0
Agricultural 260.1 286.9 316.2 303.8
Seasonal Recreational 91.9 96.6 104.1 110.4
TOTAL 3,489.2 3,701.8 3,940.6 4,050.1
Source: Department of Revenue Property Tax Bulletin

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