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ow much does the City get? <br /> <br />· In 2003 the City of Elk River received <br /> approximately 30% of the property tax <br /> on a residential property and 23% of <br /> the property tax on a <br /> commercial/industrial property <br /> <br /> Proposed 2004 General Fund <br />~evenues by Source <br /> <br /> Proposed 2004 General Fund <br />xpenditures by Activity <br /> <br />11,2% <br /> <br /> <br />