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August 29, 2015 <br />To: City Administrators, Clerks and Finance Officers <br />And School District Administrators and Finance Officers <br />From: Diane Arnold <br />Re: Preliminary 2015 Tax Values (for Proposed 2016 Tax Notices) <br />Following is the early Pay 2016 Net Tax Capacity and Market Value information for your <br />City, Township or School District. Countywide, there is a 4.47% increase in Net Tax <br />Capacity and a 5.62% increase in total county Taxable Market Value. Please remember <br />that these values may drop slightly by next spring when final values are certified, due to <br />abatements, property tax forfeitures, late homesteads and clerical corrections. <br />Township/City/School District Elk River City <br />2015 Net Tax Capacity Values 2016 Preliminary NTC Values <br />RE & PP 21,426,935 22,313,958 <br />Less 10% 200 KV 0 0 <br />Less Captured TIF (198,997) (201,466) <br />Tax Rate NTC 21,227,938 22,112,492 <br />Taxable Market Value 1,754,483,500 1,850,862,700 <br />MV Referendum 1,845,616,050 1,935,728,875 <br />