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CITY OF ELK RIVER,MINNESOTA
<br /> TAX CAPACITY,MARKET VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br /> LAST TEN FISCAL YEARS
<br /> 2004 2005 2006 2007
<br /> Tax capacity
<br /> Real property $ 15,387,792 $ 17,838,528 $ 20,514,092 $ 23,166,911
<br /> Personal property 215,581 237,262 246,741 281,606
<br /> Total tax capacity 15,603,373 18,075,790 20,760,833 23,448,517
<br /> Tax increment (608,609D (654,325) (675,049) 786,795
<br /> Taxable net tax capacity $ 14,994,764 $ 17,421,465 $ 20,085,784 $ 22,661,722
<br /> Total tax capacity rate 43.782% 43.763% 43.929% 43.056%
<br /> Taxable market value
<br /> Real property $ 1,299,691,938 $ 1,528,254,150 $ 1,773,917,600 $ 1,998,598,900
<br /> Personal property 10,934,000 12,020,800 12,494,300 14,318,500
<br /> Taxable market value $ 1,310,625,938 $ 1,540,274,950 $ 1,786,411,900 $ 2,012,917,400
<br /> Estimated actual market value
<br /> of taxable property $ 1,567,581,017 $ 1,805,774,228 $ 2,109,366,764 $ 2,262,479,345
<br /> Taxable market value as a percentage
<br /> of estimated actual market value 83.61% 85.30% 84.69% 88.97%
<br /> Source: Sherburne County Assessor
<br /> Note: Property in the county is reassessed annually. The county assessor's market value of property is approximately 92 percent
<br /> of actual value for all types of real and personal property.
<br /> 98
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