|
<br />- 9 -
<br />CITY PROPERTY VALUES Trend of Values(a)
<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 2018/19(d) $2,183,201,500 92.9% $2,348,967,021 $71,760,604 $2,082,803,803 $23,969,208
<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 (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 />https://www.revenue.state.mn.us/economic-market-values. (c) Economic market values for the year of assessment as posted by the Minnesota Department of Revenue,
<br />https://www.revenue.state.mn.us/economic-market-values. (d) 2018/19 is the most recent information; 2019/20 is not yet available.
<br />Source: Anoka County, Minnesota, October 2019, except as otherwise noted.
<br />2018/19 Adjusted Taxable Net Tax Capacity: $23,969,208* Real Estate:
<br /> Residential Homestead $17,089,918 75.3%
<br /> Commercial/Industrial and Public Utility 3,294,449 14.5
<br /> Residential Non-Homestead 1,464,874 6.5
<br /> Agricultural 313,049 1.4
<br /> Seasonal Recreational 53,051 0.2
<br />Personal Property 471,895 2.1 2018/19 Net Tax Capacity $22,687,236 100.0%
<br />Less: Captured Tax Increment (606,568)
<br /> Contribution to Fiscal Disparities (1,322,808)
<br />Plus: Distribution from Fiscal Disparities 3,211,348 2018/19 Adjusted Taxable Net Tax Capacity $23,969,208
<br />* Excludes mobile home valuation of $14,944.
<br />Ten of the Largest Taxpayers in the City
<br /> 2018/19 Net
<br />Taxpayer Type of Property Tax Capacity AX Lino Lakes LP Commercial $ 371,186
<br />Target Corporation Retail 225,052
<br />Xcel Energy Utility 214,794
<br />MN WI Biynah LLC Industrial 207,126
<br />Minnegasco Inc. Utility 138,204
<br />Gargaro Properties Inc. Industrial 130,356
<br />Molin Concrete Products Co. Concrete Products 121,210
<br />Taylor Corporation Promotional/Printing Products 109,834
<br />Kohls Department Store Retail 92,196
<br />Marmon/Keystone Corp. Industrial 89,730 Total $1,699,688*
<br />* Represents 7.1% of the City's 2018/19 adjusted taxable net tax capacity.
|