1. County Assessor 2017 Budget Presentation

2. Assessor – What We Do
2017 Proposed - $939,370 A 4.02% increase over 2016 Budget of $903,030
The Summit County Assessor is responsible for the following processes of government:
Estimate market value for tax purposes on both real and personal property.
Administers Utah State Farmland Assessment Act
Administers Primary Residential Exemption statutes
Complies with State mandated sales ratios
Defends assessment values at local and State levels
Staff functions for Council on all Exemption applications

3. Assessor – Pondering Points
Valuation -
40,372 real property accounts valued at $21,372,931,582
Taxable value of $16,793,365,759 – generates 41% of County revenue
2015 Value for new growth is $1,635,975,130
Adjustments to Valuation
BOE: 2016 adjustments to value were less than .002 percent
Appeals have declined from 1,152 in 2014 to 657 in 2016 (mostly primary adjustments.
Cost to Value Ratios (Every dollar spent on salaries)
Personal Property: $1 spent yields $29 return
FAA Recapture: $1 spent yields $11 return
Real Property: $1 spent yields $60 return
Every property returned to non-exempt status increases taxable value by over 45%

4. S.W.O.T. Analysis – County Assessor
Strengths
150 years of accumulated experience
All appraisal staff are Certified Ad Valorem appraisers
Most appraisal staff are Certified Residential Appraisers
Certified Personal Property Auditor
Trained FAA (Greenbelt) Auditor
Great interdepartmental interaction
Weaknesses
Annual processes over and over again
Need statistical and analytical tools
Annual 1/5 of County reappraisal process is inefficient
Lack of advanced technical programs
Opportunities
Pictometry would be very useful not only to this department but to many others. Other counties are using it to expedite the 5 year reappraisal mandate from the State
New statewide appraisal system is being finalized and looks promising
Threats
Legislators who are not clear on the functions and responsibilities of the office
Changes in licensing requirements make training/retention/hiring more difficult and expensive
Imbalance between new hires and existing staff due to market demand

5. Personnel – Assessor
Our department includes the Assessor, Chief Deputy, Deputy Assessor, Appraisors (6), and a Technician

6. Budget Analysis - Assessor

7. Questions?