Laserfiche WebLink
• <br /> City Of Elk River, MN <br /> Analysis of Tax Impact for Potential Borrowing <br /> April 3, 2002 <br /> Bond Issue Size (City Portion Only) $8,000,000 <br /> Type of Debt Lease Revenue Bonds <br /> Est. Tax Capacity Rates (debt only) <br /> Net Tax Capacity (FINAL - Pay 2002) 11,739,030.00 <br /> Annual Levy Increase 661,000.00 <br /> Increase in Tax Rate 5.630789% <br /> Taxable Estimated Increase in Taxes <br /> Type of Property Market Value for Debt Service Only <br /> 100,000 $56 <br /> 125,000 $70 <br /> Residential 150,000 $84 <br /> Homestead 175,000 $99 • <br /> 200,000 $113 <br /> 225,000 $127 <br /> 250,000 $141 <br /> 500,000 $521 <br /> Commercial/ 750,000 $802 <br /> Industrial 1,000,000 $1,084 <br /> 1,500,000 $1,647 <br /> 2,000,000 $2,210 <br /> S <br /> Prepared by Ehlers&Associates, Inc. 4/3/2002 <br />