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City of Elk River, Minnesota
<br />Tax Capacity, Market Value and Estimated Actual Value of
<br />Taxable Property - Last Ten Fiscal Years
<br />2012
<br />2013
<br />2014
<br />2015
<br />Tax capacity
<br />Real property
<br />$ 21,946,865
<br />$ 19,969,977
<br />$ 20,047,632
<br />$ 21,060,822
<br />Personal property
<br />344,032
<br />353,390
<br />367,641
<br />366,113
<br />Total tax capacity
<br />22,290,897
<br />20,323,367
<br />20,415,273
<br />21,426,935
<br />Tax increment
<br />(698,130)
<br />(122,648)
<br />(116,513)
<br />(198,997)
<br />Taxable net tax capacity
<br />$ 21,592,767
<br />$ 20,200,719
<br />$ 20,298,760
<br />$ 21,227,938
<br />Total tax capacity rate
<br />47.588%
<br />50.373%
<br />48.544%
<br />47.190%
<br />Taxable market value
<br />Real property
<br />$ 1,775,334,600
<br />$ 1,599,513,500
<br />$ 1,622,624,100
<br />$ 1,735,898,300
<br />Personal property
<br />17,412,900
<br />18,055,900
<br />18,736,600
<br />18,585,200
<br />Taxable market value
<br />$ 1,792,747,500
<br />$ 1,617,569,400
<br />$ 1,641,360,700
<br />$ 1,754,483,500
<br />Estimated actual market value
<br />of taxable property
<br />$ 1,907,992,306
<br />$ 1,758,428,600
<br />$ 1,796,401,800
<br />$ 1,900,894,800
<br />Taxable market value as a percentage
<br />of estimated actual market value
<br />93.96%
<br />91.99%
<br />91.37%
<br />92.30%
<br />Source: Sherburne County Assessor
<br />Note: Property in the county is reassessed annually. The county assessor's market value of property is approximately 95 percent
<br />of actual value for all types of real and personal property.
<br />162
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