University Tax Assessment
Tax System presentation, Feb. 2017 [PDF]
September 2024 [Download as PDF]
The rate is presently 21.40%
Source/Use Groups used to determine total taxable expenditures:
+ Faculty Salaries
+ Research Faculty
+ GSA Salaries
+ Staff Salaries
+ Fringe Benefits
+ Supplies
+ Travel/Transportation
+ Internal and External Services
+ Miscellaneous Expenses
– Recharge Revenue (Source)
______________________________
= Total Taxable Expenditures
Taxes for a budget year are calculated on total adjusted expenditures lagged two years.
| Expenditures in the following are excluded from the tax assessment: | |
| Fund Groups | • AGENCY • ENDOWMENT • STUDENT_LOAN |
| Fund Codes | • 86000, 86500 – Capital Assets • 87000 – Right to Use Assets • 97877 – Other Post-Employment Benefits |
| Source/Use Groups | • Tuition Grants • Graduate Aid • Undergraduate Aid • Subcontracts Over 25K • Inventory Acquisitions • Equipment • Indirect Cost • Transfers to Construction • Net Transfers |
| Account Groups | • Plant Assets |
| Account Codes | • 621900-622020 – Depreciation • 614630 – Bad Debt • 623205 – Space Rental / Non-Capital Lease |