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2023 PRELIMINARY TAX LEVY
<br />Levied
<br />Levied
<br />Levied
<br />Preliminary
<br />Tax Levy
<br />Pay 2020
<br />Pay 2021
<br />Pay 2022
<br />Pay 2023
<br />General Fund
<br />$11,938,300
<br />$12,315,000
<br />$13,109,300
<br />$14,000,150
<br />Library
<br />69,000
<br />71,500
<br />75,950
<br />75,000
<br />12,007,300
<br />$12,386,500
<br />13,185,250
<br />$14,075,150
<br />General Property Tax Levy
<br />Special Levies:
<br />Debt Service -
<br />2010A PS Building
<br />619,920
<br />618,870
<br />602,65C
<br />-
<br />2020A - PS Building Expansion
<br />606,346
<br />2021A - Fire Station 3/Equip.
<br />389,135
<br />Economic Development Tax Abatement
<br />138,550
<br />98,450
<br />97,800
<br />131,475
<br />Lake Orono Dredging
<br />100,000
<br />-
<br />-
<br />-
<br />$12,8650770 I-
<br />$13,103,820
<br />$13,885,700
<br />$15,202,106
<br />TotalLevy
<br />General Fund Change from Previous Year
<br />$750,900
<br />$376,700
<br />$794,300
<br />$890,850
<br />Percentage Change from Previous Year
<br />6.7%
<br />3.2%
<br />6.4%
<br />6.8%
<br />Total Dollar Change from Previous Year
<br />$927,005
<br />$238,050
<br />$781,880
<br />$1,316,406
<br />Change
<br />1 7.8%1
<br />1.9%
<br />6.0%
<br />9.5%
<br />NTC Value
<br />Tax Rate
<br />% Increase in NTC
<br />CITY OF ELK RIVER
<br />ESTIMATED TAX IMPACT
<br />$27,823,086
<br />46.241%
<br />7.0%
<br />Residential Homestead): th Valuation Chan a Impact
<br />$29,409,713
<br />44.556%
<br />5.7%
<br />$31,581,676
<br />43.967%
<br />7.4%
<br />$38,100,000
<br />39.901%
<br />20.6%
<br />Estimated City Tax
<br />Estimated
<br />Market Value
<br />Tax Capacity Rate
<br />43.967%
<br />39.901%
<br />Property Value
<br />Value
<br />Change
<br />Exclusion `
<br />Tax Capacity Value
<br />Dollar
<br />change
<br />Percent
<br />change
<br />2022
<br />2023
<br />2022
<br />2023
<br />2022
<br />2023
<br />2022
<br />2023
<br />$227,800
<br />$281,500
<br />23.6%
<br />$16,738
<br />$11,905
<br />$2,111
<br />$2,696
<br />$928
<br />$1,076
<br />$148
<br />15.9%
<br />$299,100
<br />$355,600
<br />18.9%
<br />$10,321
<br />$5,235
<br />$2,888
<br />$3,504
<br />$1,270
<br />$1,398
<br />$128
<br />10.1%
<br />$334,500
<br />$397,900
<br />19.0%
<br />$7,135
<br />$1,429
<br />$3,274
<br />$3,965
<br />$1,439
<br />$1,582
<br />$143
<br />9.9%
<br />$416,300
<br />$490,700
<br />17.9%
<br />$0
<br />$0
<br />$4,163
<br />$4,907
<br />$1,830
<br />$1,958
<br />$128
<br />7.0%
<br />$364,200
<br />$440,500
<br />21.0%
<br />$4,462
<br />$0
<br />$3,597
<br />$4,405
<br />$1,582
<br />$1,758
<br />$176
<br />11.1%
<br />$300 800
<br />$345 500
<br />14.9%
<br />$10 168
<br />$6,145
<br />$2,906
<br />$3 394
<br />$1 278
<br />$1 354
<br />$76
<br />5.9%
<br />$250 000
<br />1 $250,000
<br />1 0.0%
<br />1 $14,740 $14,7401
<br />$2,353
<br />1 $2 353
<br />1 $1 034
<br />1 $939
<br />$95
<br />-9.2%
<br />
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