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Tax Contribution: $250,000 House <br /> vs. $250,000 Business <br /> Commercial Residential <br /> Industrial Homestead <br /> County $1,898 $1,117 <br /> City $1,860 $1,094 <br /> School $1,395 $820 <br /> Total $5,154 $2,884 <br /> • <br /> Gerald Kritzedc,Sherbume Co Assessor.Elk River Tax Rates <br /> $250,000 house vs. <br /> $250,000 business <br /> •The business contributes more$and <br /> consumes less in services <br /> •Generally,tax base per acre is much <br /> higher on C/I property than <br /> residential <br /> i <br /> Tax Base Density & Yield <br /> 3 acres of residential with 6 homes/acre <br /> valued at$150,000 each=$47,304 tax <br /> 3 acres of residential with 3 homes/acre <br /> valued 2$150,000 each =$23,652 tax <br /> 3 acres of industrial at 33%coverage with 1 <br /> building valued at$37 psf=$77,274 tax <br /> 3 acres of industrial at 25%coverage with 1 <br /> building valued at$37 psf=$57,495 tax <br /> Central MN Community:2003 <br /> Econmic Development Services-November 2004 4 <br />