|
<br />CITY PROPERTY VALUES
<br />
<br />1998 Indicated Market Value of Taxable Property: $804,826,203
<br />
<br />*
<br />
<br />Calculated by dividing the county assessor's estimated market value of $712,271,190 by the 1998
<br />sales ratio of 88.5% for the City, as determined by the State Department of Revenue.
<br />
<br />1998 Taxable Net Tax Capacity: $12,375,626
<br />
<br />Real Estate:
<br />Residential
<br />Commercial, Industrial and Public Utility
<br />Non-Homestead Residential
<br />Agricultural
<br />Personal Property
<br />
<br />Subtotal
<br />Less: Captured Tax Increment Tax Capacity
<br />
<br />Total
<br />
<br />Trend of Values
<br />
<br />$ 5,441,737
<br />5,378,093
<br />951,278
<br />565,128
<br />269.243
<br />$12,605,479
<br />(229,853 )
<br />$12,375,626
<br />
<br />43.2%
<br />42.7
<br />7.5
<br />4.5
<br />--.U
<br />100.0%
<br />
<br /> Assessor's
<br /> Indicated Estimated Taxable Tax
<br /> Market Value(a) Market Value Capacity(b)
<br />1998 $804,826,203 $712,271,190 $12,375,626
<br />1997 732,331,599 645,916,470 12,383,123
<br />1996 631,169,657 565,528,013 11,925,032
<br />1995 594,622,794 519,105,699 10,694,856
<br />1994 542,720,880 473,795,328 9,324,360
<br />
<br />
<br />(a) Calculated by dividing the assessor's estimated market value by the certified sales ratio for each year,
<br />as determined by the State Department of Revenue.
<br />
<br />(b) For an explanation of tax capacity rates, see Appendix III.
<br />
<br />Ten of the Largest Taxpayers in the City
<br />
<br />Taxpayer
<br />
<br />United Power Association (Great
<br />River Energy)
<br />Bradley Operating .L. P.
<br />Northern States Power and
<br />United Power Association
<br />Menards, Inc.
<br />Dayton Hudson Corp.
<br />Tescom Corp.
<br />B & G Realty, Inc.
<br />Alltool Manufacturing Co., Inc.
<br />Fairview Hospital & Healthcare
<br />Evans Meadows Apts. L.P.
<br />
<br />Total
<br />
<br />Type of Business
<br />
<br />1998 Net
<br />Tax Capacity
<br />
<br />Utility
<br />Shopping Centers
<br />Utility (Resource
<br />Recovery Facility)
<br />Retail Sales
<br />Retail Sales
<br />Pressure Control Devices
<br />Commercial
<br />Industrial Manufacturing
<br />Healthcare
<br />Apartments
<br />
<br />$ 780,166
<br />429,440
<br />
<br />423,797
<br />193,183
<br />170,240
<br />157,693
<br />111 ,430
<br />106,341
<br />103,996
<br />101 .883
<br />
<br />$2,578,169*
<br />
<br />Represents 20.8% of the City's 1998 taxable net tax capacity.
<br />
<br />-9-
<br />
|