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<br /> CITY OF ELK RIVER,MINNES®TA
<br /> TAX CAPACITY,MARKET VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br /> LAST TEN FISCAL YEARS
<br /> 2003 2004 2005 2006
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<br /> Tax capacity
<br /> Real property $ 13,734,734 $ 15,387,792 $ 17,838,528 $ 20,514,092
<br /> Personal property 258,501 215,581 237,262 246,741 j
<br /> Total tax capacity 13,993,235 15,603,373 18,075,790 20,760,833
<br /> Tax increment (588,732) (608,609) (654,325) (675,049)
<br /> Taxable net tax capacity $ 13,404,503 $ 14,994,764 $ 17,421,465 $ 20,085,784
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<br /> Total tax capacity rate 44.614% 43.782% 43.763% 43.929%
<br /> Taxable market value
<br /> Real property $ 1,141,917,000 $ 1,299,691,938 $ 1,528,254,150 $ 1,773,917,600
<br /> Personal property 13,112,800 10,934,000 12,020,800 12,494,300
<br /> Taxable market value $ 1,155,029,800 $ 1,310,625,938 $ 1,540,274,950 $ 1,786,411,900
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<br /> Estimated actual market value
<br /> of taxable property $ 1,382,785,926 $ 1,567,581,017 $ 1,805,774,228 $ 2,109,366,764
<br /> Taxable market value as a percentage
<br /> of estimated actual market value 83.53% 83.61% 85.30% 84.69%
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<br /> Source: Sherburne County Assessor
<br /> Note: Property in the county is reassessed annually. The county assessor's market value of property is approximately 104 percent
<br /> of actual value for all types of real and personal property.
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<br /> 99
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