Overview of 2014 Budget and Levy and Related Impacts, December 10, 2013
Rogers Net Tax Capacity increased by 31.16% between 2007 and 2012. The General Fund Budget increased by 10.49% during that time. Over the past 3 years, NTC increased 37.16% while the General Fund Budget increased 13.62%.
Rogers and Comparison Cities
2008-2013 and Proposed 2014
Proposed 2014 Tax Rate
The chart to the left shows the 2013 Property Tax Bill Comparisons. Comparisons for 2014 are not yet available.
The Fiscal Disparities program is mandatory program enacted by the State Legislature in an attempt to address fiscal concerns within the seven‐county Metro area and to equalize tax base by requiring that all communities in the area contribute 40 percent of the growth in their commercial/industrial tax base after 1971 to a regional pool. The tax base is then distributed to cities.
Rogers is, by far, the largest net contributor (net loser) to the pool in terms of the percentage of total tax base lost to the program.
In 2011, Rogers contributed nearly 20% of it's tax base to the pool on a net basis, resulting in a local tax rate that was 34.4% higher than if there were no Fiscal Disparities program.
For Pay 2014, the Fiscal Disparities Program will have the following estimated net effects on Rogers: