City of Lawrence
							Changes in Assessed Valuation
		2000	2001		2002		2003		2004		2005		2006		2007		2008
Assessed Value		545,903,920	592,825,471	8.60%	629,033,427	6.11%	674,353,182	7.20%	717,553,891	6.41%	777,237,474	8.32%	824,213,461	6.04%	853,551,473	3.71%	885,198,693
Existing		520,231,805	559,390,566	2.47%	612,117,189	3.25%	642,925,603	2.21%	696,928,861	3.35%	735,652,755	2.52%	794,822,086	2.26%	819,384,381	2%	870,622,502
New		25,672,115	33,434,905		16,916,238		31,427,579		20,625,030		41,584,719		29,391,375		34,167,092	Avg *.50	14,576,191
Note:  The percent increase in existing is calculated using the prior year assessed value
The prior year assessed value is used for the subsequent year property tax receipts
For 2008, a 2% increase over the prior year assessed value was calcluated by half of the average new improvements
The above information was taken from the calculation page of the state budget form