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CITY PROPERTY VALUES
<br />2005 Indicated Market Value of Taxable Property: $2,125,476,132*
<br />Calculated by dividing the City's 2005 taxable market value of $1,736,514,000 by the 2004 sales ratio
<br />of 81.7% for the City as determined by the State Department of Revenue. (2005 sales ratios not yet
<br />available.) Includes mobile home valuation of $2,196,200.
<br />2005 Taxable Net Tax Capacity: $19,255,688
<br />2005 Net Tax Capacity
<br />Less: Captured Tax Increment Tax Capacity
<br />Contribution to Fiscal Disparities
<br />Plus: Distribution from Fiscal Disparities
<br />Mobile Homes
<br />2005 Taxable Net Tax Capacity
<br />2005 Taxable Net Tax Capacity by Class of Property
<br />Real Estate:
<br />Residential Homestead
<br />Commercial /Industrial and Public Utility*
<br />Residential Non - Homestead
<br />Agricultural and Other
<br />Mobile Homes
<br />Personal Property
<br />Total
<br />$14,804,818
<br />3,136,442
<br />724,052
<br />296,749
<br />21,962
<br />271,665
<br />$19,255,688
<br />$18,837,867
<br />(391,010)
<br />(1,010,480)
<br />1,797,349
<br />21,962
<br />$19,255,688
<br />Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br />Trend of Values
<br />(a)
<br />(b)
<br />2005
<br />2004
<br />2003
<br />2002
<br />2001
<br />Indicated Taxable
<br />Market Value(a) Market Value
<br />$2,125,476,132
<br />1,878,743,819
<br />1,635,386,691
<br />1,409,349,451
<br />1,143,508,776
<br />$1,736,514,000
<br />1,534,933,700
<br />1,339,381,700
<br />1,154,257,200
<br />990,278,600
<br />Calculated by dividing the City's taxable market value by the aggregate
<br />City each year by the State Department of Revenue.
<br />See Appendix 111 for an explanation of taxable net tax capacity and
<br />system.
<br />76.9%
<br />16.3
<br />3.8
<br />1.5
<br />0.1
<br />1.4
<br />100.0%
<br />Taxable Net
<br />Tax Capacity(b)
<br />$19,255,688
<br />17,213,837
<br />15,276,466
<br />12,688,859
<br />10,913,995
<br />sales ratio computed for the
<br />the Minnesota property tax
<br />
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