|
CITY OP ~LK RIVER
<br />TAX INFORMATION
<br />
<br /> ESTIMATED
<br />Levy Year 1997 1996 1995 1994 1993 1992 1991 1990
<br />Tax Payable Year 1998 1997 1996 1995 1994 1993 1992 1991
<br />
<br />Total Levy 3,902,144 3,544,555 3,163,819 2,837,744 2,359,297 2,217,797 2,134,349 2,068,852
<br />Limited Levy 2,956,151 0 0 0 1,750,384 1,652,844
<br />Special Levy 945,933 0 0 0 383,965 41 6,008
<br />Unlimited Levy 0 3,544,555 3,163,819 2,837,744 2,359,297 2,217,797 0 0
<br />
<br />HACA & Equalization Aid 601,385 601,246 593,380 614,397 614,399 650,427 592,775 511,677
<br />
<br />Net Levy 3,300,759 2,943,309 2,570,439 2,223,347 1,744,898 1,567,370 1,541,574 1,557,175
<br />Per~ent Increase(Decrease) 12.14% 14.51% 15.61% 27.42% 11.33% 1.67% -1.10% 11.22%
<br />
<br />Gross Levy Distribution
<br /> General Fund 2,998,232 2,939,800 2,619,859 2,286,082 2,026,082 1,872,900 1,676,112 1,589,453
<br /> Library 54,950 54,950 50,600 50,600 41,700 41,700 41,700 41,700
<br /> Debt Service {1 ) 348,963 223,133 219,387 258,490 258,943 270,625 383,965 392,627
<br /> SWM { 1 ) 51,473 169,1 O0 241,401 210,000
<br /> Dam Loan 32,572 32,572 32,572 32,572 32,572 32,572 32,572 32,572
<br /> Development Fund 125,000 125,000
<br />
<br />Market Value 646,244,554 565,589,913 519,105,699 470,973,100 418,748,955 401,100,782 381,819,248 354,456,943
<br />i i:~!::i::i ::i ~i ~ ~ :::::::::::::::::::::::::::::::::::::::::::::: ::::::::::::::::::::::::::::::::::::::::::: ::~ ~ ~::~ ~ ~ ~ i iii::i::i::i:: :::::::::::::::::::::::::::::::::::::::::::::::::::: ~i~ ~ ::i::i i i::i :::::::::::::::::::::: i::i::i::i::i::i i?:i::i::i::?: ~::~i~ ~ :::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::: i~i~ :::::::::::::::::::::::::::::::::::: ?:?: iii::?: i::?:i::i::??:i ::i ~ ~:?:i ::::::::::::::::::::::::::::::::::::::::::::::::::::::::: ~::~ ~i ~ :::::::::::::::::::::::::::::::::::::::::::::::::::: ~ ~ ~ ::~?:?:?:?:?: ?:?:??:?:?: ?: ?: ?:~ ::?:~?:?:~?:~ ::~ :?:??:~
<br />Total Net Tax Capacity 12,681,358 1 2,251,909 11,028,524 9,894,097 8,051,412 7,928,363 7,961,315 7,653,019
<br />TIF Tax Capacity 278,710 326,877 333,668 583,834 621,742 600,641 596,612 562,270
<br />Taxable Net Tax Capacity 12,402,648 11,925,032 10,694,856 9,310,263 8,673,154 8,529,004 8,557,927 8,21 5,289
<br />
<br />TAX RATES
<br />
<br />CITY {excluding EDA & HRA)
<br />
<br />26.613% (2) 24.683% 24.033% 23.994% 21.902% 20.560% 19,472% 20.690%
<br />
<br />TOTAL (*excluding School
<br /> Market Value Levy)
<br />CITY SHARE OF TOTAL TAX RATE (3)
<br />
<br />112.767% * 103.497% ' 104.387% * 108.217% ' 103.250% 104.612% 94.845%
<br />21.50% 22.41% 22,99% 20.24% 19.91% 18.61% 21.81 %
<br />
<br />Total Tax Rate
<br />County 24.392% 23.574% 22.380% 21.807%
<br />City 24.683% 24.033% 23.958% 21.902%
<br />School 62.359% 54.530% 56.511% 63.103%
<br />HRA 0.574% 0.587% 0.606% 0.612%
<br />EDA 0.759% 0.773% 0.792% 0.793%
<br />Total NTC Rate 112.767 % 103.497% 103.455 % 108.217%
<br />School Market Value Rate 0.05274% 0.05256% 0.05050% 0.05252%
<br />
<br />19.883% 19.474% 18.226%
<br />20.560% 19.742% 20.690%
<br />61.209% 64.386% 54.938%
<br />0.599% 0.312% 0.306%
<br />0.774% 0.698% 0.685 %
<br />
<br />103.025% 104.612% 94.845%
<br />n/a n/a n/a
<br />
<br />NOTES: (1) The SWM debt levy for taxes payable 1998 is included in Debt Service due to levy limits.
<br /> (2) The tax rate is an estimate based on the 9/8 levy resolution and the 10/2 estimated valuation data from Sherburne County.
<br /> (3) This does not include the School market value levy for 1994 and 1995 which would decrease the City's share in 1994 and 1995.
<br />
<br />Finance:TAXCOMP.XLS 3:54 PM 10/22/97
<br />
<br />
<br />
|