Target Audiences: School Districts
The presentation is an overview of the property tax system. It will include a description of the property valuation process and methodology for forecasting changes in values going forward. Following that will be a discussion of the tax reduction factors and floors and how those affect levies. Also discussed will be ho to forecast residential values, new construction, county auditor abstracts, reappraisal and triennial updates CAUV, Income tax, and DOT forms .The final portion of the presentation will marry the two concepts above to show how changes in valuation impact tax rates and how the changes in rates are calculated. The goal of the course is to give the participants a better understanding of the property tax system so they can more accurately forecast property tax revenues when doing budgets and five-year forecasts.
The course will improve the participants’ knowledge in cash management directly and investments indirectly. Since the goal of the course is to improve the ability to forecast tax revenues, such additional knowledge will hopefully allow the participants to more accurately forecast cash flow and overall cash balances. This will help with both cash management and with decisions on lengths of investments based on available cash.