This information item provides the Board with actual property tax revenue for the 2024-25 fiscal year and shares projections for 2025-26 based on the latest county assessed valuation data.
Historical Property Tax Revenue Trends
1
1991-2009: Consistent Growth
From 1991-92 through 2008-09, the District experienced consistent growth in property tax revenue, increasing by an average of 5.85% per year.
2
2009-2011: Downward Trend
In 2009-10, property tax revenues turned downward, resulting in decreases of $42,105 (-0.22%) in 2009-10 and $236,236 (-1.24%) in 2010-11.
3
2011-Present: Recovery & Stability
Starting in 2011-12, property tax revenue began increasing again. Over the 10-year period, the average growth was about 4.51% and has remained consistent over the past 12 years at just above 5%.
2024-25 Actual Property Tax Results
$37,442,456
Total Revenue
Actual property tax revenue collected for fiscal year 2024-25
$1,893,666
Year-Over-Year Increase
Increase over 2023-24 (5.2% growth)
$126,389
Surplus Over Budget
Amount exceeding the 2024-25 Adopted Budget projection of $37,316,064
Revenue Distribution Timeline
Property tax revenue is received throughout the fiscal year, with the largest portions being posted in:
December: approximately 54% of annual revenue
April: approximately 33% of annual revenue
Remaining months: about 13% in various amounts which may but does not always include delinquent tax receipts
2025-26 Property Tax Projections
Current Projection
The 2025-26 Adopted Budget projects $38,518,987 in total property tax revenue, representing a 5% increase over 2024-25.
Projection Status
As of the August 7th Board Meeting, projections remain unchanged. The County Tax Assessor's Office continues to project a 5% increase over 2024-25.
Future Updates
Future assessments will reflect changes in home sales and mortgage rate fluctuations. PGUSD will share updated property tax projections at the October 2025 Budget Revision.