Laserfiche WebLink
�I <br /> Although the full faith and credit and taxing power of the City is not pledged to the , <br /> payment of the Bonds, the following is provided for informational purposes. <br /> CITY PROPERTY VALUES <br /> •f <br /> 1991 Indicated Market Value of Taxable Property: $324,378,870* <br /> * Calculated by dividing the county assessors' 1991.estimated market value of $310,106,200 by the <br /> aggregate 1991 sales ratio of 95.6%for the City as determined by the State Department of Revenue. <br /> 1991 Estimated Market Value of Taxable Property: $310,106,200 <br /> i <br /> Hennepin County Ramsey County Total <br /> _Real Estate $224,571,800 $82,823,800 $307,395,600 <br /> Personal Property 1,847,500 863,100 2,710.600 <br /> Total $226,419,300 $83,686,900 $310,106,200 <br /> 1991 Taxable Net Tax Capacity: $6,495,623 , <br /> 1991 Net Tax Capacity $6,787,221 <br /> Less: Captured Tax Increment Tax Capacity (708,409) <br /> Contribution to Fiscal Disparities (430,627) <br /> Plus: Distribution from Fiscal Disparities 847,438 <br /> 1991 Taxable Net Tax Capacity $6,495,623 <br /> 1991 Taxable Net Tax Capacity by Property Class <br /> Real Estate: <br /> Residential Homestead $2,988,756 46.0% <br /> Non-Homestead Residential 1,282,578 19.7 <br /> Commercial/Industrial, <br /> Public Utility* .2,075,611 32.0 <br /> Other 21,574 0.3 <br /> Personal Property 127,104 2.0 <br /> Total $6,495,623 100.0% <br /> * Reflects adjustments for fiscal disparities and captured tax increment tax capacity. <br /> - 6 - <br />