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2002 PROPOSED PROPERTY ~,-,^ ON SAMPLE PROPERTIES
<br />(ESTIMATES only based on current information)
<br />
<br /> Residential Homestead
<br />
<br />Estimated Market Value
<br />Net Tax Capacity
<br />Tax Capacity Tax
<br /> City of Elk River
<br /> Sherburne County
<br /> School District 728
<br />Economic Development Authority
<br />Housing and Redevelopment Authority
<br />Total Tax Capacity Tax
<br />School District 728 Referendum Tax
<br />State of Minnesota
<br />Total Tax
<br />
<br />Payable 2001
<br />91,200 91,200 95,760
<br />1,011 912 958
<br />
<br /> Property A Property B Property C
<br />Estimated 2002 with 5% MV Payable 2001 Estimated 2002. with 5% MV Payable 2001 Estimated 2002 with 5% MV
<br />
<br />174,400 174,400 183,120
<br />2,384 1,744 1,831
<br />
<br /> Property D
<br />Payable 2001 Estimated 2002 with 5% MV
<br />
<br />309.33 397.12 416.98
<br />326.97 433.48 455.16
<br />645.73 411.41 431.98
<br />10.07 14.03 14.73
<br />7.49 10.13 10.64
<br />
<br />121,100 121,100 127,155
<br />1,505 1,211 1,272
<br />
<br />729.41 759.41 797.38
<br />771.01 828.94 870.39
<br />1,522.66 786.74 826.07
<br />23.74 26.82 28.16
<br />17.67 19.38 20.34
<br />
<br />261,000 261,000 274,050
<br />3,813 2,610 2,741
<br />
<br />460.47 527.32 553.68
<br />486.73 575.60 604.38
<br />961.24 546.29 573.61
<br />14.99 18.63 19.56
<br />11.15 13.45 14.13
<br />
<br />1,166.63 1,136.50 1,193.32
<br />1,233.16 1,240.56 1,302.59
<br />2,435.36 1,177.40 1,236.27
<br />37.98 40.14 42.15
<br />28.25 29.00 30.45
<br />
<br /> 1,299.58 1,266.18 1,329.48 1,934.59 1,681.29 1,765.36 3,064.49 2,421.28 2,542.35 4,901.38 3,623.59 3,804.77
<br /> 184.87 75.16 78.92 245.48 99.80 104.79 353.53 143.72 150.91 529.07 215.09 225.84
<br />
<br /> 1,484.45 1,341.33 1,408.40 2,180.07 1,781.09 1,870.14 3,418.02 2,565.01 2,693.26 5,430.46 3,838.68 4,030.62
<br />
<br />State Paid Education Homestead Credit 268.00 390.00 390.00 390.00
<br />Homestead Credit 290.32 286.22 263.41 257.96 215.44 207.59 137.50 125.75
<br />Net Tax Paid by Property Owner 1,216.45 1,051.01 1,122.18 1,790.07 1,517.68 1,612.18 3,028.02 2,349.57 2,485.67 5,040.46 3,701.18 3,904.87
<br />
<br />-22.41% -17.91%
<br />
<br />Percent Increase/Decrease (-)
<br />
<br />-26.57% -22.53%
<br />
<br />-15.22% -9.94%
<br />
<br />-13.60% -7.75%
<br />
<br />Commercial Industrial
<br />
<br />Estimated Market Value
<br />Net Tax Capacity
<br />Tax Capacity Tax
<br /> City of Elk River
<br /> S herburne County
<br /> School District 728
<br />Economic Development Authority
<br />Housing and Redevelopment Authority
<br />Total Tax Capacity Tax
<br />School District 728 Referendum Tax
<br />State of Minnesota
<br />
<br /> Property E Property F PrepertyG
<br />Payable 2001 Estim~ed 2002 with 5% MV Payable 2001 Estim~ed 2002 with 5% MV Payable 2001 Estim~ed2002 with 5% MV
<br /> 159,500 159,500 167,475 539,200 539,200 566,160 3,016,300
<br /> 3,923 2,440 2,599 16,833 10,034 10,573 101,054
<br />
<br />1,200.28 1,062.47 1,131.71
<br />1,268.74 1,159.76 1,235.33
<br />2,505.62 1,100.71 1,172.43
<br />39.07 37.53 39.97
<br />29.07 27.11 28.87
<br />
<br />5,150.22 4,369.20 4,603.91
<br />5,443.96 4,769.26 5,025.45
<br />10,751.24 4,526.44 4,769.59
<br />167.66 154.32 162.61
<br />124.73 111.48 117.47
<br />
<br />3,016,300 3,167,115
<br />59,576 62,592
<br />
<br />30,918.48 25,941.77 27,255.06
<br />32,681.87 28,317.07 29,750.60
<br />64,543.19 26,875.33 28,235.88
<br />1,006.50 916.28 962.66
<br />748.81 661.89 695.40
<br />
<br /> 5,042.78 3,387.57 3,608.32 21,637.81 13,930.70 14,679.02 129,898.85 82,712.34 86,899.60
<br /> 323.32 131.44 138.02 1,093.01 444.35 466.57 6,114.34 2,485.73 2,610.02
<br /> 1,464.00 1,559.40 6,020.40 6,343.80 35,745.60 37,555.20
<br />Total Tax 5,366.10 4,983.02 5,305.74 22,730.82 20,395.46 21,489.40 136,013.20 120,943.67 127,064.82
<br />
<br />State Paid Educstion Homestead Credit
<br />Homestead Credit
<br />Net Tax Paid by Property Owner 5,366.10 4,983.02 5,305.74 22,730.82 20,395.46 21,489.40 136,013.20 120,943.67 127,064.82
<br />
<br />-10.27% -5.46%
<br />
<br />-7.14% -1.12%
<br />
<br />Percent Increase/Decrease (-)
<br />
<br />-11.08% -6.58%
<br />
<br />NOTES:
<br />The third column of each parcel states the estimated tax with a 5 percent increase in market value. The market value increase for most property may be closer to 10 percent.
<br />State of Minnesota tax is 60%. The State estimated earlier that the tax would be between 58-60%.
<br />These are ESTIMATES ONLY. The actual tax due is determined by the final levies certified and the final taxable net tax capacity.
<br />
<br />10129/2001
<br />Charts2001 to 2002 Tax
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