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<br />- 10 -
<br />CITY PROPERTY VALUES
<br />
<br />
<br />Trend of Values(a)
<br />
<br />Assessment/ Assessor’s Market Value Adjusted
<br />Collection Estimated Sales Economic Homestead Taxable Taxable Net
<br />Year Market Value Ratio(b) Market Value(c) Exclusion Market Value Tax Capacity
<br />
<br />2017/18 $2,062,069,400 94.0% $2,193,275,173 $74,831,995 $1,959,826,108 $22,666,480
<br />2016/17 1,912,116,700 93.2 2,050,592,347 81,545,887 1,808,417,118 20,973,767
<br />2015/16 1,807,065,400 92.1 1,961,793,323 85,498,525 1,699,288,883 19,819,213
<br />2014/15 1,798,481,600 95.8 1,875,798,422 84,278,943 1,694,366,064 19,669,590
<br />2013/14 1,625,143,100 91.9 1,766,853,912 97,474,237 1,509,921,169 17,766,193
<br /> (a) For a description of the Minnesota property tax system, see Appendix III. (b) Sales Ratio Study for the year of assessment as posted by the Minnesota Department of Revenue,
<br />http://www.revenue.state.mn.us/propertytax/Pages/statistics-emv.aspx. (c) Economic market values for the year of assessment as posted by the Minnesota Department of Revenue,
<br />http://www.revenue.state.mn.us/propertytax/Pages/statistics-emv.aspx.
<br />
<br />Source: Anoka County, Minnesota, October 2018, except as otherwise noted.
<br />
<br />
<br />2017/18 Adjusted Taxable Net Tax Capacity: $22,666,480*
<br />
<br />Real Estate:
<br /> Residential Homestead $16,130,574 75.8%
<br /> Commercial/Industrial
<br /> and Public Utility 2,966,548 13.9
<br /> Residential Non-Homestead 1,391,235 6.5
<br /> Agricultural 305,539 1.4
<br /> Seasonal Recreational 52,531 0.3
<br />Personal Property 442,867 2.1
<br />
<br />2017/18 Net Tax Capacity $21,289,294 100.0%
<br />Less: Captured Tax Increment (421,495)
<br /> Contribution to Fiscal Disparities (1,215,584)
<br />Plus: Distribution from Fiscal Disparities 3,014,265
<br />
<br />2017/18 Adjusted Taxable Net Tax Capacity $22,666,480
<br />
<br />* Excludes mobile home valuation of $14,003.
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