Residential (Homestead): With Valuation Change Impact
<br />Tax Capacity Rate
<br />Value 46.241%45.165%Dollar Percent
<br />2020 2021 Change 2020 2021 2020 2021 change change
<br />$192,900 $210,700 9.2%$1,730 $1,924 $800 $869 $69 8.6%
<br />$223,600 $240,600 7.6%$2,065 $2,250 $955 $1,016 $61 6.4%
<br />$305,900 $324,200 6.0%$2,962 $3,161 $1,370 $1,428 $58 4.2%
<br />$350,100 $348,900 -0.3%$3,444 $3,431 $1,592 $1,549 ($43)-2.7%
<br />$270,100 $285,000 5.5%$2,572 $2,734 $1,189 $1,235 $46 3.9%
<br />$407,800 $417,400 2.4%$4,073 $4,174 $1,883 $1,885 $2 0.1%
<br />** $241,200 $280,200 16.2%$2,257 $2,682 $1,044 $1,211 $167 16.0%
<br />$200,000 $200,000 0.0%$1,808 $1,808 $836 $816 ($20)-2.4%
<br /> ** Median Value Home
<br />Commercial/Industrial:
<br />Tax Capacity Rate
<br />Value 46.241%45.165%Dollar Percent
<br />2020 2021 Change 2020 2021 2020 2021 change change
<br />$4,505,300 $4,591,600 1.9%$89,356 $91,082 $41,319 $41,137 ($182)-0.4%
<br />$3,904,800 $3,945,700 1.0%$77,346 $78,164 $35,766 $35,303 ($463)-1.3%
<br />$1,617,000 $1,646,100 1.8%$31,590 $32,172 $14,608 $14,530 ($78)-0.5%
<br />$2,575,300 $2,701,900 4.9%$50,756 $53,288 $23,470 $24,067 $597 2.5%
<br />$2,000,000 $2,000,000 0.0%$39,250 $39,250 $18,150 $17,727 ($423)-2.3%
<br />Tax Capacity Value
<br />Estimated City Tax
<br />Estimated Property
<br />Value
<br />Property Value
<br />Estimated City Tax
<br />Estimated
<br />Tax Capacity Value
<br />CITY OF ELK RIVER
<br />ESTIMATED TAX IMPACT
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