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uRMJ COC, <br /> AUG 3 0 ZD16 <br /> August 29, 2016 <br /> To: City Administrators, Clerks and Finance Officers <br /> And School District Administrators and Finance Officers <br /> From. Diane Arnold <br /> Re: Preliminary 2016 Tax Values (for Proposed 2017 Tax Notices) <br /> Following is the early Pay 2017 Net Tax Capacity and Market Value information for your <br /> City, Township or School District. Countywide, there is a 3.86%increase in Net Tax <br /> Capacity and a 3.90%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 /> 2016 Net Tax Capacitor Values 2017 Preliminary NTC Values <br /> RE & PP 22,235,275 23,133,504 <br /> Less 10%200 KV 0 0 <br /> Less Captured TIF (204,017) (184,717) <br /> Tax Rate NTC 22,031,258 22,948,787 <br /> Taxable Market Value 1,846,328,700 1,933,889,235 <br /> MV Referendum 1,932,735,475 2,015,670,453 <br />