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CITY OF ELK RIVER
<br /> PROPERTY TAX DATA
<br /> Preliminary
<br /> Levy Year 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
<br /> Tax Payable Year 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
<br /> LEVY and AIDS
<br /> Net Levy 10,275,815 10,275,815 11,112,391 11,112,391 11,190,753 10,761,311 9,757,057 8,823,793 7,623,985 6,564,803
<br /> Percent Increase(Decrease) 0.00% -7.53% 0.00% -0.70% 3.99% 10.29% 10.58% 15.74% 16.13% 9.78%
<br /> PROPERTY VALUES
<br /> Market Value 1,634,511,700 1,792,595,800 2,053,301,652 2,137,539,600 2,250,901,900 2,200,817,140 2,012,917,400 1,786,411,900 1,538,113,450 1,310,625,938
<br /> Percent Increase/decrease -8.82% -12.70% -3.94% -5.04% 2.28% 9.33% 12.68% 16.14% 17.36% 13.47%
<br /> Total Net Tax Capacity 20,655,581 22,290,897 25,087,945 25,921,245 26,852,376 26,069,209 23,448,517 20,760,833 18,075,790 15,603,373
<br /> Percent Increase/decrease -7.34% -11.15% -3.21% -3.47% 3.00% 11.18% 12.95% 14.85% 15.85% 11.51%
<br /> TIF Tax Capacity 690,689 698,130 784,101 888,285 899,835 744,597 786,795 675,049 654,325 608,609
<br /> Percent of Total 3.34% 3.13% 3.13% 3.43% 3.35% 2.86% 3.36% 3.25% 3.62% 3.90%
<br /> Taxable Net Tax Capacity 19,964,892 21,592,767 24,303,844 25,032,960 25,952,541 25,324,612 22,661,722 20,085,784 17,421,465 14,994,764
<br /> Percent Increase/decrease -7.54% -11.15% -2.91% -3.54% 2.48% 11.75% 12.82% 15.29% 16.18% 11.86%
<br /> TAX RATES
<br /> City 0.000% 47.588% 45.723% 44.560% 43.280% 42.494% 43.056% 43.929% 43.763% 43.782%
<br /> County w regional rail 0.000% 54.436% 48.500% 46.379% 43.232% 41.836% 41.851% 44.576% 44.616% 45.249%
<br /> School 0.000% 45.548% 43.489% 40.050% 36.215% 32.344% 33.208% 36.832% 32.848% 30.953%
<br /> HRA 0.000% 1.369% 1.266% 1.295% 1.221% 1.251% 1.164% 1.162% 1.158% 1.145%
<br /> EDA 0.000% 1.505% 1.532% 1.548% 1.575% 1.576% 1.610% 1.608% 1.603% 1.585%
<br /> Total NTC Rate 0.000% 150.446% 140.510% 133.832% 125.523% 119.501% 120.889% 128.107% 123.988% 122.714%
<br /> School Market Value Rate 0.00000% 0.17332% 0.17523% 0.17533% 0.16398% 0.14685% 0.14364% 0.15490% 0.14787% 0.15363%
<br /> YMCA Market Value Rate 0.00000% 0.01363% 0.01277% 0.00764% 0.01064% 0.01436% n/a n/a n/a n/a
<br /> Education Homestead Credit n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
<br /> State of Minnesota Tax(C/1) 0.000% 51.100% 49.043% 45.881% 45.535% 45.949% 48.032% 51.000% 51.121% 54.109%
<br /> City Share of Total Tax Rate varies by class varies by class varies by class varies by class varies by class varies by class varies by class varies by class varies by class varies by class
<br /> Excluding School Market Value Tax
<br /> (City Share of actual property tax payment is less than percentages listed above because addition of School Market Value Tax decreases the City's share.)
<br /> State tax applies only to Commercial/Industrial and Seasonal Recreation property.
<br /> Educational Homestead Credit is eliminated starting with taxes payable 2002 and is replaced with a market value homestead credit.
<br /> BUDGET
<br /> General Fund 12,678,050 12,500,050 12,044,800 12,636,100 12,493,450 11,605,750 10,596,550 9,284,100 7,875,400
<br /> Percent Increase/decrease 1.42% 3.78% -4.68% 1.14% 7.65% 9.52% 14.14% 17.89%
<br /> Consumer Price Index-Midwest 220.5 214.7 208.0 204.1 205.4 198.1 193.0 188.4 182.6
<br /> Percent Increase/decrease 2.66% 3.22% 1.95% -0.64% 3.66% 2.65% 2.44% 3.18% 2.41%
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