Laserfiche WebLink
Cit7 Of Elk River, MN <br />Analysis of Tax Impact for Potential Borrowing <br />April 3, 2002 <br /> <br />Bond Issue Size (City Portion Only) <br />Type of Debt <br />Est. Tax Capacity Rates (debt only) <br /> Net Tax Capacity (FINAL - Pay 2002) <br /> Annual Levy Increase <br /> Increase in Tax Rate <br /> <br /> $8,000,000 <br />Lease Revenue Bonds <br /> <br />11,739,030.0C <br /> 661,000.00 <br /> 5.630789% <br /> <br />Type of Property <br /> <br />Residential <br />Homestead <br /> <br />Commercial/ <br /> Industrial <br /> <br />Taxable <br />Market Value <br /> <br />100,000 <br />125,000 <br />150,000 <br />175,000 <br />200,000 <br />225,000 <br />250,000 <br />500,000 <br />750,0OO <br />1,000,000 <br />1,500,000 <br />2,000,000 <br /> <br />Estimated Increase in Taxes <br />for Debt Service Only <br /> <br />$56 <br />$70 <br />$84 <br />$99 <br />$113 <br />$127 <br />$141 <br /> <br />$521 <br />$802 <br />$1,084 <br />$1,647 <br />$2,210 <br /> <br />Prepared by Ehlers & Associates, Inc. 4~3~2002 <br /> <br /> <br />