Loading...
HomeMy WebLinkAbout3 - Property Tax Levy and Estimates - FY 2018 - 8-22-17CITY OF LAKE ELMO 2017 FINAL AND 2018 PRELIMINARY PROPERTY TAX LEVY INFORMATION SUBJECT TO CHANGE UNTIL FINAL NUMBERS RELEASED BY COUNTY IN 2018. NEEDS UPDATE WHEN FINAL VALUATIONS ARE AVAIL TO MATCH W.C. TAX RATE 2017 2018 $ Change % Change Final Levy Proposed Levy 2017 to 2018 2017 to 2017 TAX CAPACITY BASED TAX LEVY General Fund 1,818,847$ 2,477,300$ 658,453$ 36.20% Library 256,957 - (256,957) -100.00% G.O. Imp. Bonds - Series 2009B 52,959 50,911 (2,048) -3.87% G.O. Imp. Bonds - Series 2010A 57,683 61,206 3,523 6.11% G.O. Cap. Imp. Xover Ref. Bonds - Series 2010B 202,605 204,519 1,914 0.94% G.O. Imp. Bonds - Series 2011A 74,368 73,254 (1,114) -1.50% G.O. Imp. Bonds - Series 2012B 62,656 61,141 (1,515) -2.42% G.O. Imp. Bonds - Series 2014A 207,218 203,045 (4,173) -2.01% G.O. Imp. Bonds - Series 2015A 17,756 28,683 10,927 61.54% G.O. Imp. Bonds - Series 2016A 199,377 189,419 (9,958) -4.99% G.O. Imp. Bonds - Series 2017A - 341,610 341,610 #DIV/0! - - - #DIV/0! TAX CAPACITY BASED TAX LEVIES 2,950,426$ 3,691,088$ 740,662$ 25.1036% Tax Capacity $14,739,627 $16,218,719 10.03% Estimated Tax Capacity Rate 20.017%22.758%13.69% CITY TAX CAPACITY, PROPERTY TAX LEVIES AND TAX RATES BY YEAR YEAR TAX CAPACITY TAX LEVY TAX RATE 2013 11,384,320$ 3,163,359$ 27.818% 2014 11,393,889 3,163,359 27.761% 2015 13,072,105 3,137,663 23.798% 2016 13,441,204 3,112,204 23.121% 2017 14,739,627 2,950,426 20.017% 2018 Proposed 16,218,719 3,691,088 22.758%