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CITY OF ELK RIVER, MINNESOTA
<br />TAX CAPACITY, ivIARKET VALUE AND ESTI:VIATEll ACTUAL VALUE OF TAXABLE PROPERTY
<br />LAST TEN FISCAL YEARS
<br />Tax capacity
<br />Rea] property
<br />Residential
<br />Commercial
<br />Personal property
<br />Total tax capacity
<br />Tax increment
<br />Taxable tax capacity
<br />Total tax capacity rate
<br />Taxable market value
<br />Real property
<br />Residential
<br />Commercial
<br />Personal property
<br />Taxable market value
<br />Estimated actual value
<br />of taxable property
<br />Taxable market value as a percentage
<br />of estimated actual value
<br />]998 1999 2000 2001
<br />
<br />$ 6,051,171 $ 6,339,482 $ 6,878,156 $ 7,981,635
<br />6,298,739 5,996,754 6,2]0,730 6,669,140
<br />294,552 269,243 261,248 255,557
<br />12,644,462 12,605,479 13,350,134 14,906,332
<br />{261 339) (229,853) (141,898) (338,069)
<br />
<br />$ 12,383,123 $ 12,375,626 $ 13,208,236 $ 14,568,263
<br />
<br />26.255% 29.324% 30.248% 30.596%
<br />
<br />$ 435,456,320 $ 486,267.580 $ 530,109,100 $ 602,632,678
<br />202,911,850 218,125,510 239,438,499 256,929.400
<br />7,548,300 7,878,100 7,870,100 7,628,000
<br />$ 645,916,470 $ 712271,190 $ 777,417,699 $ 867,190,078
<br />
<br />$ 732,331,599 $ 804,826,203 $ 883,478,873 $ 985,576,523
<br />
<br />88.20% 88.50% 88.00% 87.99'%
<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 />87
<br />
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