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CITY PROPERTY VALUES
<br />2009 Indicated Market Value of Taxable Property: $2,125,148,195*
<br />Indicated market value is calculated by dividing the taxable market value of $2,001,889,600 by the
<br />2008 sales ratio of 94.2% for the City as determined by the State Department of Revenue. (2009
<br />sales ratio not yet available.) Excludes mobile home valuation of $2,423,700.
<br />2009 Taxable Net Tax Capacity: $22,878,968*
<br />2009 Net Tax Capacity
<br />Less: Captured Tax Increment Tax Capacity
<br />Contribution to Fiscal Disparities
<br />Plus: Distribution from Fiscal Disparities
<br />$22,070,825
<br />(327,659)
<br />(1,697,800)
<br />2,833,602
<br />2009 Taxable Net Tax Capacity $22,878,968
<br />Excludes mobile home valuation of $24,237.
<br />2009 Taxable Net Tax Capacity by Class of Property(a)
<br />(a)
<br />(b)
<br />Real Estate:
<br />Residential Homestead
<br />Commercial /Industrial and Public Utility(b)
<br />Residential Non - Homestead
<br />Agricultural and Residential
<br />Seasonal /Recreational
<br />Personal Property
<br />Total
<br />$16,116,264
<br />4,608,147
<br />1,421,454
<br />441,199
<br />291,904
<br />$22,878,968
<br />Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br />Excludes mobile home valuation of $24,237.
<br />Trend of Values
<br />(a)
<br />(b)
<br />2009
<br />2008
<br />2007
<br />2006
<br />2005
<br />Indicated
<br />Market Value(a)
<br />$2,125,148,195
<br />2,231,924,628
<br />2,214,634,173
<br />2,156, 384,228
<br />1,984,345,309
<br />70.5%
<br />20.1
<br />6.2
<br />1.9
<br />1.3
<br />100.0%
<br />Taxable Taxable Net
<br />Market Value Tax Capacity(b)
<br />$2,001,889,600
<br />2,102,473,000
<br />2,021, 961,000
<br />1, 927, 807, 500
<br />1,734,317,800
<br />$22,878,968
<br />23, 850, 329
<br />22, 753, 983
<br />21,550,395
<br />19,233,726
<br />Indicated market values are calculated by dividing the County Auditor's taxable market value by the
<br />aggregate sales ratio as certified for the City each year by the State Department of Revenue.
<br />See Appendix 111 for an explanation of taxable net tax capacity and the Minnesota property tax
<br />system.
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