Loading...
HomeMy WebLinkAboutAssessor's OfficeAssessor’s Office Scot Langton, County Assessor ▪FY24-25 Proposed Budget Presentation Budget Committee Meeting | May 2024 Department Overview To provide quality customer service through the appraisal and assessment of all taxable property as mandated by the State of Oregon in a manner that merits the highest degree of confidence in our integrity, efficiency and fairness. Mission Statement On Behalf of ALL Citizens and Taxing Districts Department Accomplishments FY 24-25 Department Budget Details FY 24-25 Department Budget Details •Status Quo Budget •No changes in FTE •8.38% Budget increase •24.4% Indirects / ISF •7.3% Personnel •5.0% Department Controlled Materials and Services •6.5% software, 3.5% other M&E 24-25 REQUIREMENTS - 10,000,000,000 20,000,000,000 30,000,000,000 40,000,000,000 50,000,000,000 60,000,000,000 70,000,000,000 80,000,000,000 90,000,000,000 100,000,000,000 DOLLARS 25 YEAR HISTORY Market Value Assessed Value Current FY23/24 FTE 35.26 + 2.51 FTE 107.7% Mkt Value 80,510,072,345 + 71.9 Billion 802.6% Assessed Value 32,203,360,893 + 24.1 Billion 398.0% Taxes Imposed 511,492,182 + 401 Million 464.8% Number of Accounts 113,350 + 31.8 Thousand 139.1% Increase Last 24 Years Current and Future Challenges •With larger commercial/industrial properties come more complex appeals •Tax reps – Contingency Basis •No harm/ no foul – see what sticks •Voter Approved Measures •Bend LaPine School Levy •Other voter request – Bonds, Local Options •Increased customer inquires and appeals •Recruiting and retaining trained staff •Significant number of retirements •Time/cost to train staff •One to two years to fully work independently •Very expensive to lose them •Keeping current with rapid growth and volatile real estate market Current and Future Initiatives • Maximize use of technology •iPads •Dedicated IT Staff •Cross-Train staff •Transition Management Current Near Future Thank you Final Thought ▪What is most likely the single largest financial asset in a taxing district’s portfolio?