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117
<br />2008 2009 2010 2011
<br />Tax capacity
<br /> Real property 25,790,055$ 26,550,210$ 25,611,065$ 24,736,999$
<br /> Personal property 279,154 302,166 310,180 350,946
<br />Total tax capacity 26,069,209 26,852,376 25,921,245 25,087,945
<br />Tax increment (744,597) (899,835) (888,285) (784,101)
<br />Taxable net tax capacity 25,324,612$ 25,952,541$ 25,032,960$ 24,303,844$
<br />Total tax capacity rate 42.494%43.280%44.560%45.723%
<br />Taxable market value
<br /> Real property 2,186,595,580$ 2,235,538,000$ 2,121,774,900$ 2,035,543,052$
<br /> Personal property 14,221,560 15,363,900 15,764,700 17,758,600
<br />Taxable market value 2,200,817,140$ 2,250,901,900$ 2,137,539,600$ 2,053,301,652$
<br />Estimated actual market value
<br /> of taxable property 2,457,361,368$ 2,429,563,505$ 2,191,955,185$ 2,403,906,238$
<br />Taxable market value as a percentage
<br /> of estimated actual market value 89.56%92.65%97.52%85.42%
<br />Source: Sherburne County Assessor
<br />Note: Property in the county is reassessed annually. The county assessor's market value of property is approximately 93 percent
<br />of actual value for all types of real and personal property.
<br />CITY OF ELK RIVER, MINNESOTA
<br />TAX CAPACITY, MARKET VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br />LAST TEN FISCAL YEARS
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