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Levy Year 2001 2000 1999 1998
<br />Tax Payable Year 2002 2001 2000 1999
<br />
<br /> CITY OF E /ER
<br /> PROPERTY DATA
<br />(Payable years 1991 - 2002)
<br />
<br />1997 1996 1995 1994 1993 1992 1991 1990
<br />1998 1997 1996 1995 1994 1993 1992 1991
<br />
<br />LEVY and AIDS
<br />Total Levy $ 5,118,288 $ 5,058,511 $ 4,596,694 $ 4,230,293
<br />Limited Levy 4,577,344 4,211,077 3,328,156
<br />Special Levy 540,944 385,617 301,058
<br />Unlimited Levy 5,058,511
<br />
<br />HACA & Equalization Aid 0 601,264 601,225 601,079
<br />Percent Increase(Decrease) 0.01% 0.02% -0.05%
<br />
<br />Net Levy 5,118,288 4,457,247 3,995,469 3,629,214
<br />Percent Increase{Decrease) 14,83% 11.56% 10.09% 11.63%
<br />
<br />Levy Distribution {Gross)
<br />General Fund 4,148,144 4,340,783 3,809,355 3,489,800
<br />Library 67,200 66,650 66,650 62,500
<br />Debt Service 514,929 275,602 385,617 350,921
<br />Dam Loan 23,000 32,572 32,572 32,572
<br />SWM 200,000 61,350 57,500 59,500
<br />Development Fund 0 137,383 1 45,000 135,000
<br />Infrastructure/Capital Imp. 150,000 144,1 71 100,000 100,000
<br />Other 15,015
<br />
<br />PROPERTY V AMJJF,~
<br />Market Value 996,907,800 867,190,078 777,417,699 712,271,190
<br />Percent Increase 1 4.96% 11.55% 9.15% 10.27%
<br />Total Net Tax Capacity 12,105,884 14,906,332 13,350,134 12,605,479
<br />Percent Increase -18.38% 11.66% 5.91% -0.31%
<br />TIF Tax Capacity 426,854 338,069 141,898 229,853
<br />Percent of Total 3.51% 2.27% 1.06% 1.82%
<br />Taxable Net Tax Capacity 11,739,030 14,568,263 13,208,236 12,375,626
<br />Percent Increase -19.42% 10.30% 6.73% -0.06%
<br />
<br />$ 3,852,494 $ 3,544,555 $ 3,163,819 $ 2,837,744 $ 2,359,297 $ 2,217,797 $ 2,134,349 $ 2,068,852
<br />3,445,099 1,750,384 1,652,844
<br />407,395 383,905 416,008
<br />
<br /> 3,544,555 3,163,819 2,837,744 2,359,297 2,217,797
<br />
<br /> 601,385 601,246 593,380 614,397 614,399 650,427 592,775 511,677
<br /> 0.02% 1.33% -3.42% 0.00% -5.54% 9.73% 15.85%
<br />
<br />3,251,109 2,943,309 2,570,439 2,223,347 1,744,898 1,567,370 1,541,574 1,557,175
<br /> 10.46% 14.51% 15.61% 27.42% 11.33% 1.67% -1.10% 11.22%
<br />
<br />3,139,536 2,939,800 2,619.859 2,286,082 2,026,082 1,872,900 1,676,112 1,589,453
<br />54,950 54,950 50,600 50,600 41,700 41,700 41,700 41,700
<br />348,963 223,133 219,387 258,490 258,943 270,625 383,965 392,627
<br />32,572 32,572 32,572 32,572 32,572 32,572 32,572 32,572
<br />51,473 169,100 241,401 210,000
<br />125,000 125,000
<br />100,000
<br />
<br />645,916,470 565,589,913 519,105,699 470,973,100 418,748,955 401,100,782 381,819,248 354,456,943
<br /> 14.20% 8.95% 10.22% 12.47% 4.40% 13.16% 7.72%
<br /> 12,644,462 12,251,909 11.028,524 9,894,097 8,673,154 8,529,004 8,557,927 8,215,289
<br /> 3.20% 11.09% 11.47% 14.08% 1.69% 3.82% 4.17%
<br /> 261,339 326,877 333,668 583,834 621,742 600,641 596,612 562,270
<br /> 2.07% 2.67% 3.03% 5.90% 7.17% 7.04% 6.97% 6.84%
<br /> 12,383,123 11,925,032 10,694,856 9,310,263 8,051,412 7,928,363 7,961,315 7,653,019
<br /> 3.84% 11.50% 14.87% 15.64% 1.55% 3.60% 4.03%
<br />
<br />TAX RATES
<br />City 43.600% 30.596% 30.248% 29.324%
<br />
<br />County 47.577% 32.341% 31.468% 30.265%
<br />School 45.969% 63.870% 56.027% 59,886%
<br />HRA 1.113% 0.741% 0.729% 0.709%
<br />EDA 1.540% 0.996% 0.977% , 0.946%
<br />
<br />26.255% 24.683% 24.033% 23.958% 21.902% 20.560% 19.742% 20.690%
<br />
<br />27.235% 24.392% 23.574% 22.380% 21.807% 19.883% 19.474% 18.226%
<br />56.539% 62.359% 54.530% 56.511% 63.103% 61.209% 64.386% 54.938%
<br />0.633% 0,574% 0.587% 0.606% 0.612% 0.599% 0,312% 0.306%
<br />0.842% 0.759% 0.773% 0.792% 0.793% 0.774% 0.698% 0.685%
<br />
<br />Total NTC Rate 139.799% 128.544% 119.449% 121.130%
<br />School Market Value Rate 0.08244% 0.20271% 0,11132% 0.13629%
<br />Education Homestead Credit* n/a 26,535% 30.500% 24,444%
<br />State of Minnesota Tax (C/I) 60.000%
<br />City Share of Total Tax Rate varies by class 23.80% 25.32% 24.21%
<br />Excluding School Market Value Tax
<br /> (City Share of actual property tax payment is/ess than percentages listed above because
<br />
<br />111.504% 112.767% 103,497% 104.247% 108.217% 103.025% 104.612% 94.845%
<br />0.05131% 0.05274% 0.05256 % 0.05050% 0.05252% n/a n/a n/a
<br />11.173 % n/a n/a n/a n/a n/'a n/a n/a
<br />
<br />23.55% 21.89% 23.22% 22.98% 20.24% 19.96% 18.87% 21.81 %
<br />
<br />addition of School Market Value Tax decreases the City's share.)
<br />
<br />*Starting with taxes payable 2000, ag land receives Educational Homestead Credit at a reduced rate.
<br />State tax applies only to Commercial/Industrial end Seasonal Recreation property. Estimated 2002 tax is 60.000%.
<br />Educational Homestead Credity is eliminated for taxes payable 2002 and is replaced with a market value homestead credit.
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<br />AnnuallCharts.xls:Property Tax Data
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