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(Draft January 2002) Key Financial Strategies
<br /> For Elk River
<br />
<br />Building permits for non-residential development represent commercial,
<br />industrial and institutional growth. Elk River has experience a steady growth in
<br />non-residential uses.
<br />
<br /> +
<br />
<br />1996 1997 1998 1999 2000
<br />
<br />800,000
<br />700,000
<br />600,000
<br />
<br />500,000
<br />
<br /> mm Number
<br />400,000 -.4--A~rage Va ue
<br />
<br />300,000
<br />
<br />200,000
<br />
<br />100,000
<br />
<br />0
<br />
<br />Figure 4- Building Permits (Non-Residential)
<br />
<br />Property Valuat/on
<br />Property valuation provides another measure of physical development. Property
<br />values are reported as of January 2 of year X for property taxes payable in the
<br />following year.
<br />
<br />From 1991 to 2000, Estimated Market Value (EMV) increased by 145%.
<br />During the same period, the Tax Capacity (NTC) value of property
<br />increased by 81%.
<br />
<br />1,000,000,000
<br /> 900,000,000 -
<br /> 800,000,000
<br />
<br /> 700,000,000
<br /> 600,000,000
<br /> 500,000,000
<br /> 400,000,000
<br /> 300,000,000
<br /> 200,000,000
<br /> 100,000,000
<br /> 0
<br />
<br />% % % % %
<br />
<br />16,000,000
<br />14,000,000
<br />12,000,000
<br />10,000,000
<br />8,000,000
<br />6,000,000
<br />4,000,000
<br />2,000,000
<br />0
<br />
<br />R~ure $- Property Valuation
<br />
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