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Payable 1988
<br />Property Tai Data
<br />Prepared by the Minnesota Department of Revenue
<br />Cities over 2,000
<br />The payable 1988 property tax
<br />data for cities over 2,000 popula-
<br />tion is in two parts. The property
<br />tax data for the seven metropolitan
<br />counties (Anoka, Carver, Dakota,
<br />Hennepin, Ramsey, Scott, and
<br />Washington) is not directly
<br />comparable to the non -
<br />metropolitan counties as a result
<br />of the Fiscal Disparities Law.
<br />Table I pertains to the
<br />metropolitan counties; Tables II
<br />pertains to the 80 non -
<br />metropolitan counties. If a city is
<br />in two counties, one of which is
<br />metro and one non - metro, the data
<br />is under the county which has the
<br />majority of the city's assessed
<br />value.
<br />Metropolitan area
<br />The following is a summary of
<br />the date for the 93 metropolitan
<br />cities with population over 2,000
<br />(Table I).
<br />Assessed value
<br />1984 $14,237,380,756
<br />1985 $14,924,715,050
<br />1986 $15,710,820,548
<br />1987 $16,648,327,195
<br />1988 517,815,758,950
<br />Total taxes
<br />1984 $1,531,073 ,571
<br />1985 $1,594,575,569
<br />1986 $1,741,519,623
<br />1987 $1,872,167,883
<br />1988 $2,098,260,060
<br />Property tax
<br />1984 $277,368,933
<br />1985 $284,251,088
<br />1986 $309,914,739
<br />1987 $319,080,464
<br />1988 5338,654,473
<br />Averaee mill
<br />1984 107539
<br />1985 106.841
<br />1986 110.848
<br />1987 112.454
<br />1988 117.776
<br />Percent Change
<br />1984 - 1985 - 4.83%
<br />1985 - 1986 - 5.27%
<br />1986 - 1987 - 5.97%
<br />1987 - 1988 - 7.01%
<br />Percent Change
<br />1984 - 1985 - 4.15%
<br />1985 - 1986 - 9.22%
<br />1986 - 1987 - 750%
<br />1987 - 1988 - 12.08%
<br />credits
<br />Percent Change
<br />1984 - 1985 - 2.48%
<br />1985 - 1986 - 9.03%
<br />1986 - 1987 - 2.96%
<br />1987 - 1988 - 6.13%
<br />rate
<br />Percent Change
<br />1984 - 1985 - -0.65%
<br />1985 - 1986 - 3.75%
<br />1986 - 1987 - 1.45%
<br />1987 - 1988 - 4.73%
<br />The highest average mill rates in
<br />the metropolitan area were in New
<br />Prague with 159.951, Prior Lake
<br />with 140,358 and Savage with
<br />135.887. The lowest average mill
<br />rate was in Mendota Heights with
<br />94.825.
<br />Per capita statistics for the
<br />metropolitan area, payable 1988,
<br />show that the average taxable
<br />value per capita is $7,251. The
<br />range is from a high of $17,075 in
<br />Wayzata, $15,507 in North Oaks
<br />and $14,904 in Edina; to a low of
<br />$2,975 in Watertown. The average
<br />per capita for gross taxes levied is
<br />$1,011, with highs of $2,225 in
<br />Wayzata, $1,849 in Eden Prairie,
<br />and $1,737 in Golden Valley, and a
<br />low of $399 in East Bethel . The
<br />average homestead credit per
<br />capita is $158, with highs of $225
<br />in Deephaven, $210 in Golden
<br />Valley, and $204 in North Oaks,
<br />and a low of $105 in Bayport . The
<br />net property tax burden, taxes
<br />payable in 1988, for the 93
<br />metropolitan cities was
<br />$1,759,605,584 or $848 per capita.
<br />The per capita net tax burden in
<br />Minneapolis was $999 and in St .
<br />Paul $772.
<br />Non - metropolitan area
<br />Following is a summary of the
<br />126 non - metropolitan cities with
<br />populations over 2,000 (Table II).
<br />Assessed value
<br />1984 $3,715,994,029
<br />1985 53,766,184,616
<br />1986 54,016,961,466
<br />1987 $4,136,862,234
<br />1988 $4,188,121,412
<br />Total taxes
<br />1984 5430,170,902
<br />1985 $447,201,232
<br />1986 $489,486,171
<br />1987 $536,222,262
<br />1988 5575,053,984
<br />Property tax
<br />1984 $100,329,671
<br />1985 $104,794,600
<br />1986 5113,876,475
<br />1987 $120,414,119
<br />1988 $131,677,066
<br />Percent Change
<br />1984 - 1985 - 1.35%
<br />1985 - 1986 - 6.66%
<br />1986 - 1987 - 2.98%
<br />1987 - 1988 - 1.24%
<br />Percent Change
<br />1984 - 1985 - 3.96%
<br />1985 - 1986 - 9.46%
<br />1986 - 1987 - 9.55%
<br />1987 - 1988 - 7.24%
<br />credits
<br />Percent Change
<br />1984 - 1985 - 4.45%
<br />1985 - 1986 - 8.67%
<br />1986 - 1987 - 5.74%
<br />1987 - 1988 - 9.35%
<br />Average mill rate
<br />1984 115362 Percent Change
<br />1985 118.741
<br />1986 121.855
<br />1987 129.621
<br />1988 137.306
<br />1984 - 1985 - 2.57%
<br />1985 - 1986 - 2.62%
<br />1986 - 1987 - 6.37%
<br />1987 - 1988 - 5.93%
<br />The highest average mill rate in
<br />the non - metropolitan cities was
<br />234.731 mills in the city of
<br />Ortonville. The lowest average
<br />mill rate was 97.682 in the city of
<br />Red Wing.
<br />When reviewing the per capita
<br />statistics for payable 1988, findings
<br />show an average taxable value per
<br />capita of $4,397. The range is from
<br />a high of $28,204 in Monticello,
<br />$15,177 in Red Wing (due to the
<br />public utility plants in those cities),
<br />and $6,875 in Rochester, to a low
<br />of $1,504 in South International
<br />Falls. The average per capita for
<br />gross taxes levied is $630, with
<br />highs of $2,807 in Monticello,
<br />$1,527 in Red Wing and $959 in
<br />Cambridge, and a low of $233 in
<br />Sandstone. The average homestead
<br />credit per capita is $132, with
<br />highs of $270 in Chisholm, $255 in
<br />Virginia, and $250 in Ely, and a
<br />low of $50 in Sandstone. The high
<br />average homstead credit in
<br />Chisholm, Virginia, and Ely is due
<br />to those cities receiving both the
<br />54 percent homestead credit and
<br />the taconite homestead credit .
<br />Table I:
<br />Metropolitan area
<br />Table I gives information for the
<br />93 metropolitan cities. It shows
<br />the population, values, mill rates,
<br />gross taxes, credits, and net tax
<br />burden for property taxes payable
<br />in 1988.
<br />The population for each of the
<br />93 cities is the latest Metropolitan
<br />Council estimate, which represents
<br />the population as of April 1, 1988.
<br />October 1988
<br />17
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