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CITY OF ELK RIVER, MINNESOTA
<br />TAX CAPACITY, MARKET VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br />LAST TEN FISCAL YEARS
<br />1997199819992000
<br />Tax capacity
<br /> Real property
<br /> Residential5,628,875$ 6,051,171$ 6,339,482$ 6,878,156$
<br /> Commercial6,303,180 6,298,739 5,996,754 6,210,730
<br /> Personal property319,854 294,552 269,243 261,248
<br />Total tax capacity12,251,909 12,644,462 12,605,479 13,350,134
<br />Tax increment(326,877) (261,339) (229,853) (141,898)
<br />Taxable tax capacity11,925,032$ 12,383,123$ 12,375,626$ 13,208,236$
<br />Total tax capacity rate24.683%26.255%29.324%30.248%
<br />Taxable market value
<br /> Real property
<br /> Residential381,313,906$ 435,456,320$ 486,267,580$ 530,109,100$
<br /> Commercial177,082,907 202,911,850 218,125,510 239,438,499
<br /> Personal property7,130,200 7,548,300 7,878,100 7,870,100
<br />Taxable market value565,527,013$ 645,916,470$ 712,271,190$ 777,417,699$
<br />Estimated actual value
<br /> of taxable property631,169,657$ 732,331,599$ 804,826,203$ 883,478,872$
<br />Taxable market value as a percentage
<br /> of estimated actual value89.60%88.20%88.50%88.00%
<br />Source: Sherburne County Assessor
<br />Note: Property in the county is reassessed annually. The county assesses property at approximately 87 percent
<br />of actual value for all types of real and personal property.
<br />85
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