|
I N Q 1_ O f"1 N O O O CD^ I l m l
<br /> I N m O O Q m 0 O+ O+m OI O N i _C1 i -
<br /> o o m o CITY PROPERTY VALUES _m
<br /> <N ID m ID I_ Q I w C N� m tD v l m 1 0 1
<br /> (-)N ID i m i m 0 m 17,
<br /> ^ I ✓� I N n — N I I
<br /> I N C) < N I ~ 1 I I I
<br /> 1992 Indicated Market Value of Taxable Property: $317,696,548'
<br /> E I I I I
<br /> J I
<br /> Calculated by dividing the county assessors' 1992 estimated market value of $303,717,900 by the L ~ ~ °~° m ' ° " °N 0< ° Q ' -° - ° t2 I I ° II
<br /> I N< N N t0 O m�n� ^ �I_ I � II �m 0 0 0 1 m I m~ tp N ILl I �O I n II
<br /> O 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.) ° I - - < �Q~�~ - °°� Q 1
<br /> S I — < ;m y I Q m :_o I N I N I ID Q C
<br /> .� I OI IA^ N ^ Q C')— N l-I Q I ("1 I O N z—
<br /> I
<br /> 1992 Estimated Market Value of Taxable Property: $303,717,900
<br /> O o I N I!1 1
<br /> Hennepin County Ramsey County Total
<br /> I
<br /> A N J < I
<br /> < 0 0
<br /> I Q Q+ I
<br /> Real Estate $219,530,900 $81,493,000 $301,023,900 1
<br /> N I
<br /> Personal Property 1.833,000 861,000 2,694,000
<br /> Total $221,363,900 $82,354,000 $303,717,900 ; ; ° ° ;; ° ; °
<br /> 1992 Taxable Net Tax Capacity: $5,947,392
<br /> I I II
<br /> 1992 Net Tax Capacity $6,361,736 ^
<br /> n ut m "°
<br /> Less: Captured Tax Increment Tax Capacity (665,420) o0 o
<br /> Contribution to Fiscal Disparities (607,465) n O ^m N-
<br /> N
<br /> O O
<br /> Plus: Distribution from Fiscal Disparities 858,541
<br /> � 1 I O+O O
<br /> Q 1 J LL w w I N I M ' m l
<br /> 1992 Taxable Net Tax Capacity $5,947,392 LL ; '75
<br /> w '
<br /> a
<br /> I I I I ^ I I
<br /> cl 1 0 1 1
<br /> O
<br /> O
<br /> 1992 Taxable Net Tax Capacity by Property Class o y d)-D r m ° ' ° ' ° '
<br /> I — 1
<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 C
<br /> 1 ID LL'1�l1 O I I m N
<br /> Public Utility* 1,783,521 30.0 =^" I ~
<br /> -
<br /> I
<br /> Other 3,188 0.1 N '
<br /> I � 7 I
<br /> I d LL I — 1 ^
<br /> Personal Property 124,919 2.1 ^ ^ I w
<br /> 1 w I w i 1 1
<br /> I 1 I I
<br /> � I
<br /> Total $5,947,392 100.0%
<br /> I 1
<br /> I O I
<br /> VJ 1 ^ ^ I t2
<br /> * Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> OI
<br /> � t0 I 10 7 V1 1 � 1
<br /> I OI I OI I O� I
<br /> E 1 Q (v LL W w I' w I I w l
<br /> G I (n cr
<br /> , I I
<br /> Trend of Values >
<br /> Assessor's
<br /> < I O N m m O m l co
<br /> m v O 0 C) I m m N I O l m l
<br /> N O> I Q O 2 m I I IA 1
<br /> Indicated Estimated Taxable Tax e - - < ' ^
<br /> Market Value(a) Market Value Capacity(d) < L °
<br /> d 0 (p c I <ID < 1 I
<br /> T (n I C LL m 1 0 1 w I N I m O I
<br /> Z W— 1 Ol w 1 I I I � -
<br /> 1992 $317,696,548 $303,717,900(c) $5,947,392(c) _'
<br /> w
<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 0< E N
<br /> LL J m
<br /> N C L
<br /> 1988 311,628,889 280,466,000 8,202,795 > I w =' o
<br /> W y C ^ d
<br /> '-O w C U
<br /> (a) Calculated by dividing the county assessor's estimated market value by the sales ratio determined for
<br /> the City each year by the State Department of Revenue.
<br /> p7 L � O C N O L NO K
<br /> (b) The reduction in indicated market value in 1991 is due primarily to an increase in the sales ratio from a a a° _ o a
<br /> 91.0%in 1990 to 95.6%in 1991.
<br /> (c) The reduction in the 1992 assessor's estimated market value and the taxable tax capacity is due
<br /> primarily to a reduction in commercial/industrial property. > n
<br /> m ..+ >^ w O
<br /> E L, d N al U c 61 m
<br /> N 10 - T L > L� r � a d 'O J tO
<br /> > d d 10 N d Ol.+ VI t0^ v (n W T N d ^ W >
<br /> (d) See Appendix 11 for an explanation of tax capacity. W > > ° > °r E- o a _ v W a > °
<br /> fn C d � N J J d W �O VI W J T C J T J G> L W d QI N J
<br /> (e) The reduction in taxable tax capacity in 1991 is due primarily to a reduction in commerciallindustrial r ° "°° -J ' ° = " " a° ° ° -° = '
<br /> < < T.. -< ..+ J v v a J E ai L N tC L In v,
<br /> property class rates for taxes payable in 1992. N E E T J^ _ ° ° 7
<br /> W^ E E 0
<br /> lC N C tO L J J m O L y 61 W d A d C'O N
<br /> yl N d < U U w Ol L C > J C C C
<br /> L O N U QI n O. 7 ^+ V V d 7 0 J 'D O C N 7
<br /> . mu >: 01 w w > d 0 c 0
<br /> m m V Q 7 7 C L E E 7
<br /> a << J LL
<br /> - 4 - III-3
<br />
|