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T 40 M C+Q ^ ^ -^ t0^01 l'> II t0 O^ ^^ o I C1 1 ^ M Q N 1f1 IA 10 1 Q I C'1 1
<br /> I N Q M1 O f'I N O o I M1 I N f'1 N 0
<br /> CITY PROPERTY VALUES � "
<br /> p M1 m m ID 10 M1 01 m 1"1 m^ O I M1 O^17,�10 O l m l C�V N O ^ 1 m ;
<br /> ^ 1 01 N m m 1'1 M1 m t7 M1 ^ m O^ I I'1 ; c N m m 10 M1 1 Q I COO+ 1A a, m Z0_ I
<br /> Y 1 01 O T N ul eQ N r'1 ID I M1 n N ID 1"1 I CO I CO C, m 01 C1 ^ I m I M1 I
<br /> O
<br /> 1992 Indicated Market Value of Taxable Property: $317,696,548* q !'
<br /> 1 1
<br /> 0C
<br /> * Calculated by dividing the county assessors' 1992 estimated market value of $303,717,900 by the
<br /> � N I M1 O+OtM1��M1 Q 10OC+m 1 0 11 O Ntn t"1 Q O I Q I ^O ^t'1 m
<br /> L I N C N N ID O m 10 ^tp M1 1 1") II c0 m 0 0 0 t0 1 m M1 m N M1 10 I 10 I O II
<br /> O I m n n M1!7 M 10 O O+10 C1 m i Q II m n 1(1 n YY O j � 1 M1 m N N M1 - i O I Q II
<br /> aggregate 1991 sales ratio of 95.6% for the City as determined by the State Department of Revenue. E 1
<br /> (The 1992 sales ratio is not yet available.) v Q °° " °" ° ° N
<br /> E I 01 Q ✓1 m M1 10 Q m C1 10 1A 10 N 1 10 I O ID C C 10^ 10 I C1 O.O O m
<br /> .-� I C1 t0^ N ^ Q C�1^ N!7 Q t� l Pl N t0 ^N M1 I M1 N C1 C ^ Q I I C7 I
<br /> , ^ _ _ I N I I I I
<br /> 1992 Estimated Market Value of Taxable Property: $303,717,900
<br /> I I
<br /> C+10 I I!f O O In N 1
<br /> I E m M1 1 10 1 10 0 o
<br /> Hennepin County Ramsey County Total " o° 1 1
<br /> I ^
<br /> I l0 0)+� 1 - I
<br /> I I-D C1 Q I Q I Q O O I Q 1 C
<br /> Real Estate $219,530,900 $81,493,000 $301,023,900 ^ 1 Eno N 1 "
<br /> O. I C Q ^ I I
<br /> 7 i 0 C
<br /> Personal Property 1,833,000 861,000 2,694,000
<br /> O 0 O
<br /> °
<br /> I
<br /> Total $221,363,900 $82,354,000 $303,717,900
<br /> O I M1 I M1 M1
<br /> V ^
<br /> Q 1 L O) d O+ I C+ I
<br /> 1992 Taxable Net Tax Capacity: $5,947,392
<br /> I N I N N I N I
<br /> 1992 Net Tax Capacity $6,361,736 ^
<br /> V IO L
<br /> M1^q "C l M1 00 °
<br /> Less: Captured Tax Increment Tax Capacity (665,420) m O o O
<br /> 0O. N 0 N
<br /> 1 U
<br /> I 1 I I I m tN 10 n I Contribution to Fiscal Disparities (607 465) ) Q m O, O O
<br /> Plus: Distribution from Fiscal Disparities 858,541 C 1 O
<br /> 0 1 m
<br /> 1992 Taxable Net Tax Capacity $5,947,392 a
<br /> M1 N M1 Om q
<br /> I�l
<br /> , N ^ o„ o, I rn � ^ m I v+ 1 0+ 1 0 l a+ 1
<br /> I rn ^ o0 0+ 1 0l n 1 Q 1 - o 1 10 1 0l
<br /> N t0 N O^ O I ^ - ;
<br /> 1 Z I N N I Q I ^
<br /> 1992 Taxable Net Tax Capacity by Property Class
<br /> N 1 M V N - - I - II i m , O O I O I M1
<br /> 0) I Y 0! m M1 O m n I M1 m 1 M l o l
<br /> I O
<br /> T 1 O. O 7 Cf t-1 1 ,1"1 11 q Q I 11'1 I - N I C1 1 1A I
<br /> ti I 41
<br /> Real Estate:
<br /> Residential Homestead $2,898,767 48.7%
<br /> Non-Homestead Residential 1,136,997 19.1
<br /> Commercial/Industrial, Railroad and
<br /> 1 ID 10 1()O i M1 I m N I ^ 1 z
<br /> Public Utility* 1,783,521 30.0 _" ^ q 1 ~
<br /> I �'�� 1A C1 1 10 ii I I C1 m I 10 I b ;;
<br /> Other 3,188 0.1 d > Q c m M1 Q 1 Q
<br /> I O L O N I I I m I N I N 1
<br /> I y LL 1 I I - I -
<br /> Personal Property 124,919 2.1 ^ ^ II ^ ^
<br /> I I I I
<br /> � I
<br /> Total $5,947,392 100.0%
<br /> Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> CC C I U Ol C f'1 I c'1 I O I aC 1 0 1
<br /> U' 07 1 d > 7 10 I 10 I' 1(S I 1A I N I
<br /> E I a 0)LL q I N I q 1 I q l
<br /> r C I fn
<br /> Z L I
<br /> Trend of Values > '
<br /> O > I
<br /> Assessor's a ° N m m ° ; m ;; °° ; m ; m N ; ° m
<br /> N 10 T 1 1n 1 m Q O O 1 m I 1'1 m I N 10 I
<br /> Indicated Estimated Taxable Tax ; W
<br /> - 1
<br /> Market Value(a) Market Value Ca act (c') L C ;, a"M1 a m I °
<br /> y n 10 N .0 I N I Q m 11'1 Q I 1 N m 1 01 N 1
<br /> Y U) I C LL m 1 0 1 q I N I M1 I m l 0 1
<br /> _
<br /> o W^ I D
<br /> 1992 $317,696,548 $303,717,900(c) $5,947,392(c) >°
<br /> I I 1 1
<br /> 1991 324,378,870(b) 310,106,200 6,495,623(e) a o
<br /> 1990 332,032,967 302,150,000 7,018,833
<br /> 1989 329,536,324 301,196,200 7,041,340
<br /> 0 4 E
<br /> LL J
<br /> N C 1.L
<br /> 1988 311,628,889 280,466,000 8,202,795 W "
<br /> W 0 O
<br /> r r O
<br /> (a) Calculated by dividing the county assessor's estimated market value by the sales ratio determined for W <
<br /> 2 F- QI C VI
<br /> the City each year by the State Department of Revenue. m - L ` J
<br /> w y m v0i 00i,0 O L O x
<br /> (b) The reduction in indicated market value in 1991 is due primarily to an increase in the sales ratio from < ^ a a-,F
<br /> = «o LL
<br /> 91.0%in 1990 to 95.6%in 1991. d E v °'0
<br /> (c) The reduction in the 1992 assessor's estimated market value and the taxable tax capacity is due m
<br /> >
<br /> primarily to a reduction in commerciallindustrial property. E E W ° 0 C � a o ^ ° -^ LL E a° C
<br /> a E E to m a1 LL c� o w a^ m ✓ ✓1
<br /> E U IC.�D a m 0 01 N O1 U C d 6 LL
<br /> (d) See Appendix 11 for an explanation of tax capacity. -
<br /> ° a d U
<br /> U W > > V > 0 L L 10 E^ ^ 'J' O W a W C L to O N Ol W > C L A O
<br /> 0 V > L t0 > C1 Vi 0 r
<br /> (e) The reduction in taxable tax capacity in 1991 is due primarily to a reduction in commercial/industrial r ° "°° _ " ' ° = ° " ° W ° = ° v ' ° 0 ' 0 -
<br /> v a.� .�v a1 a J _ E a - In m L In v,
<br /> property class rates for taxes payable in 1992. E E J c ° 7 ~ _ m m IV w
<br /> C C.-+0_'^ 0 0 0 �-+ UI UI `+ O L J VI L Q L N.� N N L O C)
<br /> 10 10 C 10 r+ L J CD^ O OJ a 0, W�+ 0) R1 OJ C 01
<br /> J u! 01 0) C Q V V- N L C > ++C 7 C
<br /> L L O O1 V + O/ 0 4 7 7 .-I L V U N O O a� _0 O C 01
<br /> 0 0 V K 01 O/ 01 > m 0 0 0 J 10 Q Q O O m 0 U CC LL
<br /> M M V to O. > > = L E E
<br /> U U Q r fn CI O d a Q Q J LL
<br /> - 4 - III-3
<br />
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