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CITY t., -~.K RIVER
<br />TAX INFORMATION
<br />
<br /> ESTIMATED
<br />Levy Year 1997 1996 1995 1994 1993
<br />Tax Payable Year 1998 1997 1996 1995 1994
<br />
<br />Total Levy 3,902,144 3,544,555 3,163,819 2,837,744 2,359,297
<br />Limited Levy 2, 956,151 O O
<br />Special Levy 945,933 O 0
<br />Unlimited Levy 0 3,544,555 3,163,819 2,837,744 2,359,297
<br />
<br />HACA & Equalization Aid 601,365 601,246 593,360
<br />
<br />Net Levy 3,300,759 2,943,309 2,570,439 2,223,347 1,744,898
<br />Percent Increase(Decrease) 12.14% 14.51% 15.61% 27.42% 11.33%
<br />
<br />1992 1991 1990
<br />1993 1992 1991
<br />
<br />2,217,797 2,134,349 2,068,852
<br />0 1,750,384 1,652,844
<br />0 383,965 416,008
<br />2,217,797 0 O
<br />
<br />614,397 614,399 650,427 592,775 511,677
<br />
<br />1,567,370 1,541,574 1,557,175
<br />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 1,676,11 2 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 (I) 51,473 169,100 241,401 210,OO0
<br /> Dam Loan 32,572 32,572 32,572 32,572 32,572 32,572 32,572 32,672
<br /> Development Fund 125,000 125,000
<br />
<br />Market Value 646,244,554 565,589,913 519,105,699 470,973,1OO 41 8,748,955
<br />Percent Increase 14.26% 8.95% 10,22% 12.47% 4.40%
<br />Total Net Tax Capacity 12,681,358 12,251,909 11,028,524 9,894,097 8,051,412
<br />TIF Tax Capacity 278,710 326,877 333,668 583,834 621,742
<br />Taxable Net Tax Capacity 12,402,648 11,925,032 10,694,856 9,310,263 8,673,154
<br />Percent Increase 4.O1% 11.50% 14.87% 7.35% 1.69%
<br />
<br />401,1OO,782 381,819,248 354,456,943
<br /> 13.16% 7.72%
<br /> 7,928,363 7,961,31 5 7,653,019
<br /> 6OO,641 596,61 2 562,270
<br /> 8,529,004 8,557,927 8,215,289
<br /> 3.82% 4.17%
<br />
<br />TAX RATES
<br />
<br />Total Tax Rate
<br />City 26.61 3% 24.683% 24.033% 23.958% 21.902% 20.560% 19.742% 20.690%
<br />County 27.251% 24.392% 23.574% 22.380% 21.807% 19.883% 19.474% 18.226%
<br />School 56.462% 62.359% 54.530% 56,511% 63.103% 61.209% 64.386% 54.938%
<br />HRA 0.632% 0.574% 0.587% 0.606% 0.612% 0.599% 0.31 2% 0.306%
<br />EDA 0.840% 0.759% 0.773% 0.792% 0,793% 0.774% 0.698% 0.685%
<br />Total NTC Rate 111.798% 112.767% 103.497% 104.247% 108.217% 103.025% 104.61 2% 94.845%
<br />School Market Value Rate ? 0.05274% 0.05256% 0.05050% 0.05252% n/a n/a n/a
<br />
<br />CITY SHARE OF TOTAL TAX RATE (3)
<br /> 24.00% 21.50% 22.41% 22.99% 20.24%
<br /> Excludes MV levy Excludes MV levy Excludes MV levy
<br />
<br />NOTES: (1) The SWM debt levy for taxes payable 1998 is included in Debt Service due to levy limits.
<br />
<br />I2) 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 />19.91% t8.61% 21.81%
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<br />Finance:TAXCOMP. XLS 1:11 PM 11/25/97
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