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166
<br />2014 2015 2016 2017 2018
<br />Tax capacity
<br /> Real property 20,047,632$ 21,060,822$ 21,850,219$ 22,672,085$ 23,858,008$
<br /> Personal property 367,641 366,113 385,056 381,355 384,540
<br />Total tax capacity 20,415,273 21,426,935 22,235,275 23,053,440 24,242,548
<br />Tax increment (116,513) (198,997) (204,017) (184,717) (196,166)
<br />Taxable net tax capacity 20,298,760$ 21,227,938$ 22,031,258$ 22,868,723$ 24,046,382$
<br />Total tax capacity rate 48.544%47.190%46.170%46.193%46.011%
<br />Taxable market value
<br /> Real property 1,622,624,100$ 1,735,898,300$ 1,826,858,800$ 1,909,814,070$ 2,026,119,675$
<br /> Personal property 18,736,600 18,585,200 19,469,900 19,234,400 19,393,900
<br />Taxable market value 1,641,360,700$ 1,754,483,500$ 1,846,328,700$ 1,929,048,470$ 2,045,513,575$
<br />Estimated actual market value
<br /> of taxable property 1,796,401,800$ 1,900,894,800$ 1,978,763,900$ 2,060,082,600$ 2,178,621,000$
<br />Taxable market value as a percentage
<br /> of estimated actual market value 91.37%92.30%93.31%93.64%93.89%
<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 />Source: Sherburne County Assessor
<br />Fiscal Year
<br />City of Elk River
<br />Tax Capacity, Market Value and Estimated Actual Value of
<br />Taxable Property
<br />Last Ten Fiscal Years
<br />Page 356 of 637
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