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CITY OF ELK RIVER
<br />PROPERTY TAX DATA
<br />Five Year History
<br />Levy Year 2007 2006 2005 2004 2003
<br />Tax Payable Year 2008 2007 2006 _ 2005 2004
<br />LEVY
<br />Total Levy
<br />Limited Levy
<br />Special Levy
<br />Unlimited Levy
<br />$ 10,761,311 $ 9,857,057 $ 8,823,793 $ 7,623,985 $ 6,564,803
<br />5,361,598
<br />1,203,205
<br />10,761,311 9,858,057 8,823,793 7,623,985
<br />Net Levy 10,761,311 9,757,057 8,823,793 7,623,985 6,564,803
<br />Percent Increase(Decrease) 10.29% 10.58% 15.74% 16.13% 9.78%
<br />Levy Distribution (Gross)
<br />General Fund 9,139,350 8,263,032 7,220,536 5,997,795 5,129,273
<br />Library 78,350 150,000 69,000 69,000 69,000
<br />Debt Service 712,003 588,925 725,899 589,606 549,423
<br />Dam Loan 0 0 0 0 0
<br />SWM 100,000 100,000 175,000 175,000 175,000
<br />Development Fund 0 0 0 0 0
<br />Infrastructure/Capital Imp. 0 0 0 150,000
<br />Public Safety Building 634,440 634,359 630,165 638,589 638,263
<br />Tax Rebate Financing 97,168 20,741 3,193 3,995 3,844
<br />Referendum Levy 310,215
<br /> Estimated 8/27107
<br />PROPERTY VALUES County Assessor
<br />Market Value 2,188,648,900 2,012,917,400 1,786,411,900 1,538,113,450 1,310,625,938
<br />Percent Increase 8.73% 12.68% 16.14% 17.36% 13.47%
<br />Total Net Tax Capacity 26,121,884 23,448,517 20,760,833 18,075,790 15,603,373
<br />Percent Increase 11.40% 12.95% 14.85% 15.85% 11.51
<br />TIF Tax Capacity 819,378 786,795 675,049 654,325 608,609
<br />Percent of Total 3.14% 3.36% 3.25% 3.62% 3.90%
<br />Taxable Net Tax Capacity 25,302,506 22,661,722 20,085,784 17,421,465 14,.994,764
<br />Percent Increase 11.65% 12.82% 15.29% 16.18% 11.86%
<br />TAX RATES
<br /> Proposed
<br />City 42.531% 43.056% 43.929% 43.763% 43.782%
<br />County
<br />School
<br />HRA
<br />EDA
<br />Total NTC Rate
<br />School Market Value Rate
<br />City Market Value Ref. Rate
<br />Education Homestead Credit
<br />State of Minnesota Tax (C/I)
<br />0.00014%
<br />41.851 % 44.576% 44.616% 45.249%
<br />33.208% 36.832% 32.848% 30.953%
<br />1.164% 1.162% 1..158% 1.145%
<br />1.610% 1.608% 1.603% 1.585%
<br />120.889% 128.107% 123.988% 122.714%
<br />0.14364% 0.15490% 0.14787% 0.15363%
<br />n/a n/a n/a n/a
<br />48.032% 51.000% 51.121% 54.109%
<br />9/7/2007
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