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CITY OF ELK RIVER, MINNESOTA
<br />TAXABLE TAX CAPACITY, TAX LEVIES AND TAX CAPACITY RATES
<br />(shown by year of tax collectibility)
<br />LAST TEN FISCAL YEARS
<br />Tax capacity rate
<br />General
<br />2000
<br />1999
<br />1998
<br />1997
<br />Tax capacity
<br />$ 13,350,134
<br />$ 12,605,479
<br />$ 12,644,462
<br />$ 12,251,909
<br />Tax increment
<br />(141,898)
<br />(229,853)
<br />(261,339)
<br />(326,877)
<br />Taxable tax capacity
<br />13,208,236
<br />12,375,626
<br />12,383,123
<br />11,925,032
<br />Dam improvements
<br />Estimated market value
<br />$ 777,417,699
<br />$ 712,271,190
<br />$ 645,916,470
<br />$ 565,528,013
<br />Estimated actual value
<br />$ 883,478®872
<br />$ 804,826,203
<br />$ 732,331,599
<br />$ 631,169,657
<br />Tax levies
<br />1.105
<br />1.032
<br />1,177
<br />Total
<br />General
<br />$ 3,809,355
<br />$ 3,489,800
<br />$ 3,139,536
<br />$ 2,939,800
<br />Debt service
<br />385,617
<br />350,921
<br />348,963
<br />223,133
<br />Library
<br />66,650
<br />62,500
<br />54,950
<br />54,950
<br />Dutch elm
<br />-
<br />-
<br />-
<br />-
<br />Dam improvements
<br />32,572
<br />32,572
<br />32,572
<br />32,572
<br />Development
<br />145,000
<br />135,000
<br />125,000
<br />125,000
<br />Infrastructure improvements
<br />157,500
<br />159,500
<br />151,473
<br />169,100
<br />Total
<br />4,596,694
<br />4,230,293
<br />3,852,494
<br />3,544,555
<br />Tax capacity rate
<br />General
<br />25.067
<br />24,191
<br />21.396
<br />20,472
<br />Debt service
<br />2.538
<br />2.433
<br />2,378
<br />1.554
<br />Library
<br />0.439
<br />0.433
<br />0.375
<br />0.382
<br />Dutch elm
<br />-
<br />-
<br />-
<br />-
<br />Dam improvements
<br />0.214
<br />0.226
<br />0.222
<br />0.227
<br />Development
<br />0.954
<br />0.936
<br />0.852
<br />0.871
<br />Infrastructure improvements
<br />1,036
<br />1.105
<br />1.032
<br />1,177
<br />Total
<br />30.248
<br />29,324
<br />26.255
<br />24.683
<br />(1) As a result of legislation adopted in 1993, tax levies are now certified to the county as
<br />net levies. The City is responsible for deducting the State Homestead and Agricultural
<br />Credit Aids from the gross levy to arrive at the net levy which is certified to the county
<br />for collection, To allow for a more valid comparison, the gross levy is reported in this table.
<br />M
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