Weitere ähnliche Inhalte Ähnlich wie The Economic Importance of Deep Creek Lake (10.10.2013) (20) Kürzlich hochgeladen (20) The Economic Importance of Deep Creek Lake (10.10.2013)2. COUNTY TAX REVENUE – 2013 BUDGETED
Trailer
$38,000
Recordation
$1,900,000
Coal Tonnage
$170,000
Gas
$1,500
Accommodation
$1,900,000
Transfer
$1,200,000
Ag
$7,500
Coal Severance Tax
$30,000
911
$264,000
Amusement
$700,000
Income Tax
$10,100,000
TOTAL BUDGETED REVENUE: $59,740,486
Source: Garrett County Finance Office
Real Property Tax
$43,429,486
72.7% of total revenue
3. REAL ESTATE TAX REVENUE - 2013 BUDGETED
Balance of County
$19.18 Million
District No. 18
$25.66 Million
Source: Garrett County Finance Office
4. *Budgeted
Source: Garrett County Finance Office
FY 2013*
FY 2012
FY 2011
FY 2010
FY 2009
$25.66
$26.52
$26.63
$25.05
$44.84
$48.15
$46.33
$43.92
$41.40
$37.00
$23.48
$21.03
$32.80
$20.00
FY 2008
$17.99
$14.54
$28.20
FY 2006
FY 2007
$12.48
$26.10
FY 2005
$23.10
$22.10
$9.38
$8.31
$10.95
$24.20
$FY 2004
FY 2003
$10.00
$7.73
$21.20
$60.00
FY 2002
FY 2001
Millions
REAL ESTATE TAX REVENUE
District No. 18
County Total
$50.00
$40.00
$30.00
5. *Projected
Source: MD State Department of Assessments & Taxation,
Garrett County Office
FY 2013*
FY 2012
$2.65
$2.79
$2.80
$2.64
$4.50
$4.65
$4.60
$4.34
$4.01
$3.59
$2.50
FY 2011
FY 2010
$2.45
$2.19
$3.12
$2.66
$1.87
$1.51
$2.00
FY 2009
FY 2008
FY 2007
FY 2006
$1.25
$2.33
FY 2005
$$1.10
$2.12
$0.50
FY 2004
$1.00
$0.94
$1.91
$1.50
FY 2003
$4.50
$0.83
$1.77
FY 2002
Billions
ASSESSABLE TAX BASE
$5.00
District No. 18
County Total
$4.00
$3.50
$3.00
6. *Budgeted
Source: Garrett County Finance Office
FY 2013*
$1.90
$1.75
$1.00
FY 2012
$1.60
$1.44
FY 2010
FY 2011
$1.43
$1.56
FY 2009
FY 2008
$1.46
$0.80
FY 2007
$1.24
$0.95
FY 2005
FY 2006
$0.87
FY 2004
$$0.87
$0.78
$0.60
$0.60
FY 2003
FY 2002
$0.20
$0.48
$0.40
FY 2001
FY 2000
Millions
ACCOMMODATIONS TAX REVENUE
$2.00
$1.80
$1.60
$1.40
$1.20
7. *Budgeted
Source: Garrett County Finance Office
$0.69
$0.70
FY 2012
FY 2013*
$0.66
FY 2010
$0.72
$0.66
FY 2009
FY 2011
$0.66
$0.54
FY 2007
$0.40
FY 2008
$0.54
$0.47
$0.42
FY 2006
FY 2005
FY 2004
$0.47
$0.30
FY 2003
$0.38
FY 2002
$$0.36
$0.10
FY 2001
$0.20
$0.32
FY 2000
Millions
ADMISSIONS & AMUSEMENT TAX REVENUE
$0.80
$0.70
$0.60
$0.50
8. $-
*Budgeted
Source: Garrett County Finance Office
$3.72
$2.23
$3.23
$1.94
$3.85
$2.31
$3.35
$2.01
$3.11
$1.87
FY 2010
FY 2011
FY 2012
FY 2013*
$3.00
$5.00
$3.49
$6.94
$6.61
$5.82
$4.16
FY 2009
FY 2008
FY 2007
FY 2006
$3.97
$3.38
$5.63
$4.00
FY 2005
FY 2004
$3.09
$5.15
$3.00
FY 2003
$3.51
$2.11
$2.00
FY 2002
$2.52
$1.51
$1.00
FY 2001
$7.00
$2.30
$1.38
FY 2000
Millions
RECORDATION & TRANSFER TAX REVENUE
$8.00
Total Tax
District No. 18
$6.00
$5.00
Note: Recordation & Transfer Taxes for District No. 18 are estimated at 60% of County total.
9. ESTIMATED TOTAL TAX REVENUE
(DISTRICT NO. 18)
$35.00
$30.00
$30.97
$30.13
FY 2012
FY 2013*
$29.09
FY 2010
$31.26
$27.80
FY 2009
FY 2011
$26.25
FY 2008
$20.48
$17.87
$11.58
FY 2002
$5.00
$10.20
FY 2001
$10.00
$15.62
$15.00
$23.48
$20.00
$13.81
Millions
$25.00
*Budgeted
Source: Garrett County Finance Office
FY 2007
FY 2006
FY 2005
FY 2004
FY 2003
$-
Note: Figures include estimated Real Estate, Accommodations, Admissions &
Amusement, & Recordation & Transfer Taxes. Recordation & Transfer Taxes are
estimated at 60% of County total.
10. Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections
$45.4
$47.7
472
FY 2012
FY 2011
$100.0
$208.1
525
FY 2010
$58.2
488
FY 2009
$75.6
$127.7
599
FY 2008
FY 2007
$122.4
714
FY 2006
622
$107.7
741
FY 2005
$107.2
738
FY 2004
$89.3
$85.1
728
FY 2003
FY 2002
$50.0
$76.9
$59.5
$49.3
675
FY 2001
FY 2000
FY 1999
463
$32.1
445
FY 1998
$37.5
$200.0
FY 1997
$38.8
$150.0
FY 1996
$30.6
$250.0
682
654
496
500
397
$400
380
300
200
100
0
Number of Permits
FY 1995
Declared Value (Millions)
BUILDING PERMITS - ENTIRE COUNTY
800
750
700
600
11. BUILDING PERMITS – DCL WATERSHED
$80.0
$70.0
350
330
320
318
298
261
$60.0
267
250
250
$50.0
209
200
$40.0
159
$30.0
147
146
150
125
100
$20.0
50
$10.0
Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections
FY 2012
FY 2011
FY 2010
FY 2009
FY 2008
FY 2007
FY 2006
FY 2005
FY 2004
FY 2003
FY 2002
0
FY 2001
$-
Number of Permits
Declared Value (Millions)
300
12. NUMBER OF BUILDING PERMITS
800
County Total
DCL Watershed
700
147
397
125
159
146
380
472
209
250
261
100
267
298
320
330
318
200
525
300
496
654
682
714
741
738
400
750
500
728
Number of Permits
600
Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections
FY 2012
FY 2011
FY 2010
FY 2009
FY 2008
FY 2007
FY 2006
FY 2005
FY 2004
FY 2003
FY 2002
FY 2001
0
13. $107.2
$64.8
$107.7
$55.2
FY 2004
FY 2005
Source: Garrett County Department of Planning & Land Development, Office of Permits & Inspections
$47.7
$30.0
$45.4
$19.7
FY 2011
FY 2012
$32.7
$58.2
$24.9
FY 2009
$208.1
$100.0
FY 2010
$75.6
$37.4
$53.3
$127.7
FY 2008
FY 2007
$122.4
$69.8
$89.3
$60.5
FY 2003
$250.0
FY 2006
$85.1
$60.1
$FY 2002
$50.0
$76.9
$49.5
FY 2001
Millions
DECLARED VALUE OF BUILDING PERMITS
County Total
DCL Watershed
$200.0
$150.0
14. RESIDENTIAL IMPROVED REAL ESTATE SALES – ENTIRE COUNTY
$40.0
160
144
$35.0
124
108
$25.0
140
123
103
120
100
80
$25.3
$24.8
$34.8
$34.9
$36.5
$24.2
$10.0
$24.9
$15.0
$35.5
$20.0
$34.4
92
60
40
Source: Maryland Department of Assessments & Taxation, Property Sales Database
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
0
3rd Qtr 2011
$2nd Qtr 2011
20
1st Qtr 2011
$5.0
Number of Sales
Total Sales (Millions)
135
117
$30.0
128
15. Source: Maryland Department of Assessments & Taxation, Property Sales Database
$24.0
40
$5.0
3rd Qtr 2013
39
$12.1
49
2nd Qtr 2013
$15.2
$25.6
53
1st Qtr 2013
4th Qtr 2012
$15.1
37
3rd Qtr 2012
$25.0
$24.9
57
2nd Qtr 2012
$16.1
$24.8
$25.8
50
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
$10.0
$27.1
$15.0
2nd Qtr 2011
$20.0
$18.9
$30.0
54
41
36
30
$20
10
0
Number of Sales
1st Qtr 2011
Total Sales (Millions)
RESIDENTIAL IMPROVED REAL ESTATE SALES – DCL WATERSHED
60
54
50
40
16. Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
100
111
123
154
128
103
83
74
70
54
41
2nd Qtr 2013
54
67
71
124
144
160
40
36
53
105
86
135
180
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
39
49
4th Qtr 2011
108
117
80
1st Qtr 2012
50
58
3rd Qtr 2011
0
57
60
55
20
92
40
37
60
2nd Qtr 2011
1st Qtr 2011
Number of Sales
NUMBER OF RESIDENTIAL IMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
BALANCE
140
120
100
17. NUMBER OF RESIDENTIAL IMPROVED REAL ESTATE SALES
160
ENTIRE COUNTY
DCL WATERSHED
140
36
40
123
54
53
39
49
103
124
135
50
20
37
57
40
108
117
60
144
80
128
100
92
Number of Sales
120
Source: Maryland Department of Assessments & Taxation, Property Sales Database
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
2nd Qtr 2011
1st Qtr 2011
0
18. Source: Maryland Department of Assessments & Taxation, Property Sales Database
1st Qtr 2013
4th Qtr 2012
$15.2
$10.1
$9.2
$25.3
$25.6
$24.8
$24.9
$24.2
$24.8
$34.8
$34.9
$36.5
$35.0
$15.1
$9.7
$10.0
$8.1
$16.1
$11.7
$8.6
$25.8
$34.4
$27.1
$35.5
$40.0
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
$5.0
$8.4
$10.0
$6.0
$15.0
$24.9
$18.9
$20.0
2nd Qtr 2011
1st Qtr 2011
Total Dollar Amount of Sales (Millions)
TOTAL DOLLAR AMOUNT OF RESIDENTIAL IMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL WATERSHED
BALANCE OF COUNTY
$30.0
$25.0
$-
19. $15.0
$10.0
Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
2nd Qtr 2013
$24.0
$20.6
$39.2
$33.1
$25.3
$15.2
$34.8
$25.6
$24.8
$15.1
$34.9
$24.9
$24.2
$16.1
$24.8
$36.5
$45.0
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
$34.4
$25.8
$3rd Qtr 2011
$5.0
$35.5
$27.1
$24.9
$18.9
$20.0
2nd Qtr 2011
1st Qtr 2011
Total Dollar Amount of Sales (Millions)
TOTAL DOLLAR AMOUNT OF RESIDENTIAL IMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
$40.0
$35.0
$30.0
$25.0
20. RESIDENTIAL UNIMPROVED REAL ESTATE SALES – ENTIRE COUNTY
$9.0
120
$8.0
100
96
$7.0
78
$3.2
60
$7.3
48
$6.0
$3.6
$4.9
$2.0
$5.5
$3.0
50
80
67
$6.0
45
40
51
$5.6
$4.0
$7.6
60
$4.7
$5.0
74
$8.2
71
40
20
$1.0
Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
2nd Qtr 2013
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
2nd Qtr 2011
0
1st Qtr 2011
$-
Number of Sales
Total Sales (Millions)
$6.0
21. RESIDENTIAL UNIMPROVED REAL ESTATE SALES – DCL WATERSHED
$7.0
50
45
44
$6.0
40
35
30
$4.0
$4.6
8
20
15
11
10
$2.2
11
14
$3.2
10
12
$1.1
$1.7
$2.3
$1.0
$2.7
8
$1.1
12
$2.1
11
16
$2.8
$3.0
$2.0
$6.0
25
5
Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
2nd Qtr 2013
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
2nd Qtr 2011
0
1st Qtr 2011
$-
Number of Sales
Total Sales (Millions)
$5.0
22. Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
$8.0
2nd Qtr 2013
$8.2
$4.6
$3.6
$5.6
$2.2
$3.4
$6.0
$2.8
$3.2
$7.3
$6.0
$1.3
$3.2
$1.1
$2.1
$4.7
$3.2
$1.5
$6.5
$7.6
$9.0
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
1st Qtr 2012
$3.9
$6.0
$4.0
$1.1
$2.1
3rd Qtr 2011
$4.9
4th Qtr 2011
$$2.3
$2.6
$3.6
$1.7
$1.9
$1.0
2nd Qtr 2011
$2.0
$5.5
$3.0
$2.7
$2.8
1st Qtr 2011
Number of Sales
NUMBER OF RESIDENTIAL UNIMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
BALANCE
$7.0
$6.0
$5.0
23. Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
44
67
78
74
71
90
16
11
51
96
100
2nd Qtr 2013
1st Qtr 2013
14
12
8
48
50
45
40
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
11
10
8
12
60
50
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
10
11
20
40
30
2nd Qtr 2011
1st Qtr 2011
Number of Sales
NUMBER OF RESIDENTIAL UNIMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
80
70
60
0
24. $-
Source: Maryland Department of Assessments & Taxation, Property Sales Database
$1.3
$7.3
$6.0
$8.0
$6.0
$8.2
$9.0
3rd Qtr 2013
$2.8
$3.2
2nd Qtr 2013
$5.6
$4.6
$3.6
$7.6
$6.5
$6.0
$4.7
$2.2
$3.4
$1.5
$3.2
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
$1.1
$2.1
2nd Qtr 2012
$3.9
$3.2
$1.1
$2.1
4th Qtr 2011
$3.6
$4.9
$4.0
1st Qtr 2012
$1.7
$1.9
3rd Qtr 2011
$2.3
$2.6
$1.0
2nd Qtr 2011
$2.0
$5.5
$3.0
$2.7
$2.8
1st Qtr 2011
Total Dollar Amount of Sales (Millions)
TOTAL DOLLAR AMOUNT OF RESIDENTIAL UNIMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
BALANCE
$7.0
$6.0
$5.0
25. Source: Maryland Department of Assessments & Taxation, Property Sales Database
3rd Qtr 2013
2nd Qtr 2013
$2.8
$8.2
$7.3
$6.0
$6.0
$5.6
$4.6
$4.7
$3.2
$2.2
$1.1
$3.2
$7.6
$6.0
$9.0
1st Qtr 2013
4th Qtr 2012
3rd Qtr 2012
2nd Qtr 2012
$1.1
$2.1
$1.7
$3.6
$2.3
$4.9
$4.0
1st Qtr 2012
4th Qtr 2011
3rd Qtr 2011
2nd Qtr 2011
$1.0
$2.7
$2.0
$5.5
$3.0
1st Qtr 2011
Total Dollar Amount of Sales (Millions)
TOTAL DOLLAR AMOUNT OF RESIDENTIAL UNIMPROVED REAL ESTATE SALES
ENTIRE COUNTY
DCL
$8.0
$7.0
$6.0
$5.0
$-
26. SUMMARY
Deep Creek Lake has significant economic
impact and helps Garrett County lead the 9county region by most economic indicators
(unemployment, income, etc.).