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<br /> City of Elk River
<br /> Property Values by Class
<br /> For Taxes Payable 1999 and Select Years
<br />-. Payable 1999 Property Values
<br /> Market Tax Total Market Tax
<br /> Value Capacity Net Tax Value % Capacity % Net Tax %
<br />Agricultural 51,146,910 565,128 673,060 7.18% 4.48% 4.46%
<br />Seasonal Recreational 248,100 3,155 4,161 0.03% 0.03% 0.03%
<br />Residential 452,271,280 5,693,775 6,440,978 63.50% 45.17% 42.70%
<br />Apartments 33,996,300 645,707 828,240 4.77% 5.12% 5.49%
<br />Resorts 2,450,300 50,378 64,222 0.34% 0.40% 0.43%
<br />Commercial 117,809,700 3,810,570 4,775,233 16.54% 30.23% 31.66%
<br />Industrial 22,351,500 728,460 912,838 3.14% 5.78% 6.05%
<br />Public Utility 22,899,300 796,373 995,858 3.21% 6.32% 6.60%
<br />Railroad 1,219,700 42,690 53,374 0.17% 0.34% 0.35%
<br />Total Real Estate 704,393,090 12,336,236 14,747,964 98.89% 97.86% 97.77%
<br />Personal Property 7,878,100 269,243 336,876 1.11% 2.14% 2.23%
<br />Total Ad Valorem 712,271,190 12,605,479 15,084,840 100.00% 100.00% 100.00%
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<br /> Market Value Trends
<br /> Change as
<br /> Market Value for Taxes Payable Year Percent of Total a % of Total
<br />. Agricultural 1999 1998 1992 1999 1998 1992 1992-1999
<br />51,146,910 47,203,650 31,154,800 7.18% 7.31% 8.16% -0.98%
<br />Seasonal Recreational 248,100 242,000 228,300 0.03% 0.04% 0.06% -0.02%
<br />Residential 452,271,280 402,233,720 221,588,798 63.50% 62.27% 58.03% 5.46%
<br />Apartments 33,996,300 33,221,600 25,546,100 4.77% 5.14% 6.69% -1.92%
<br />Resorts 2,450,300 2,218,500 1,557,800 0.34% 0.34% 0.41% -0.06%
<br />Commercial 117,809,700 108,801,800 59,453,350 16.54% 16.84% 15.57% 0.97%
<br />Industrial 22,351,500 19,993,900 9,208,100 3.14% 3.10% 2.41% 0.73%
<br />Public Utility 22,899,300 23,288,100 25,699,900 3.21% 3.61% 6.73% -3.52%
<br />Railroad 1,219,700 1,163,900 916,500 0.17% 0.18% 0.24% -0.07%
<br />Total Real Estate 704,393,090 638,367,170 375,353,648 98.89% 98.83% 98.31 % 0.59%
<br />Personal Property 7,878,100 7,548,300 6,465,600 1.11% 1.17% 1.69% -0.59%
<br />Total Ad Valorem 712,271,190 645,915,470 381,819,248 100.00% 100.00% 100.00% 0.00%
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