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SEP e h 2617 <br />September 1, 2017 <br />To: City Administrators, Clerks and Finance Officers <br />And School District Administrators and Finance Officers <br />From: Diane Arnold <br />Re: Preliminary 2017 Tax Values (for Proposed 2018 Tax Notices) <br />Following is the early Pay 2018 Net Tax Capacity and Market Value information for your <br />City, Township or School District. Countywide, there is a 6.77% increase in Net Tax <br />Capacity and a 7.58% 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 />2017 Net Tax Capacity Values 2018 Preliminary NTC Values <br />RE & PP 23,053,434 24,287,163 <br />Less 10% 200 KV 0 0 <br />Less Captured TIF (184,717) (196,166) <br />Tax Rate NTC 22,868,717 24,090,997 <br />Taxable Market Value 1,929,048,470 2,048,678,050 <br />MV Referendum 2,012,900,753 2,124,068,434 <br />