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<br />- 16 - <br />Debt Ratios* <br /> <br /> G.O. G.O. Direct & <br /> Direct Debt Overlapping Debt <br /> <br />To 2019/20 Estimated Market Value ($2,547,475,200) 0.97% 4.99% <br />Per Capita - (25,213 – 2019 U.S. Census Bureau Estimate) $978 $5,037 <br /> * Excludes general obligation revenue debt, general obligation sales tax revenue debt, and utility revenue debt. <br />Includes the portion of the Elk River Economic Development Authority’s general obligation debt that is subject to <br />the legal debt limit. <br /> <br /> CITY TAX RATES, LEVIES AND COLLECTIONS <br /> <br /> Tax Capacity Rates for a Resident in the City <br /> 2019/20 <br /> For <br /> 2015/16 2016/17 2017/18 2018/19 Total Debt Only Sherburne County 50.478% 50.460% 49.356% 47.928% 47.426% 2.606% <br />City of Elk River(a) 46.170 46.193 46.011 45.907 46.241 2.228 <br />I.S.D. No. 728 <br /> (Elk River)(b) 39.268 36.659 36.137 32.865 34.371 28.425 <br />Special Districts(c) 4.778 4.509 4.269 2.496 2.533 -0- <br /> <br />Total 140.694% 137.821% 135.773% 129.196% 130.571% 33.259% <br /> <br />(a) In addition, the City has a 2019/20 market value tax rate of 0.32040% spread across the market value of property <br />in support of debt service. <br />(b) In addition, Independent School District No. 728 (Elk River) has a 2019/20 market value tax rate of 0.29961% <br />spread across the market value of property in support of an excess operating levy. (c) Special districts include the City of Elk River Housing and Redevelopment Authority and the City of Elk River <br />Economic Development Authority. <br />NOTE: This table includes only net tax capacity-based rates. Certain other tax rates are based on market value. <br />See Appendix III. <br /> <br />Tax Levies and Collections <br /> <br /> Collected During Collected and/or Abated <br /> Net Collection Year as of 6-30-20 <br />Levy/Collect Levy* Amount Percent Amount Percent 2019/20 $12,865,770 (In Process of Collection) <br />2018/19 11,932,714 $11,867,614 99.5% $11,904,272 99.8% <br />2017/18 11,058,188 11,015,765 99.6 11,053,181 99.9 <br />2016/17 10,558,011 10,495,523 99.4 10,554,401 99.9 <br />2015/16 10,166,095 10,097,125 99.3 10,165,894 99.9 <br /> * The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy is the basis <br />for computing tax capacity rates. See Appendix III. <br /> <br /> <br />125