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1994 Taxable Net Tax Capacity by Property Class
<br /> Real Estate:
<br /> Residential Homestead $3,012,087 51.2%
<br /> Non-Homestead Residential 1,044,739 17.8
<br /> Commercial/Industrial, Railroad and
<br /> Public Utility' 1,690,004 28.8
<br /> Personal Property 129.910 2.2
<br /> Total $5,876,740 100.0%
<br /> Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> Trend of Values
<br /> Assessors
<br /> Indicated Estimated Taxable Tax
<br /> Market Value(a) Market Value Ca aci (b)
<br /> 1994 $333,843,386 $315,482,000 $5,876,740
<br /> 1993 309,898,854 297,502,900 5,571,043
<br /> 1992 312,466,975 303,717,900 5,947,392
<br /> 1991 324,378,870 310,106,200 6,495,623
<br /> 1990 332,032,967 302,150,000 7,018,833
<br /> (a) Calculated by dividing the county assessors'estimated market value by the sales ratio determined for
<br /> the City each year by the State Department of Revenue.
<br /> (b) The majority of the reduction in taxable tax capacity since 1990 occurs in the category of commercial
<br /> and industrial property. See Appendix 111 for an explanation of tax capacity.
<br /> Ten of the Largest Taxpayers in the City
<br /> 1994 Net
<br /> Taxpayer Type of Property Tax Capacity
<br /> St. Marie Company Shopping Mall $ 312,582
<br /> Glaser Financial Group Inc. Apartment 240,550
<br /> St. Anthony Nursing
<br /> Home/Chandler Place Health Facility 199,954
<br /> Equinox Properties Apartment Buildings 132,942
<br /> Northern States Power Company Utility 112,680
<br /> Individual Commercial 102,445
<br /> St. Anthony Minneapolis, Inc. Commercial 62,662
<br /> Firstar Bank of Minnesota Bank 61,227
<br /> Leslie Paper Company Manufacturer 60,592
<br /> American Monarch Corporation Manufacturer 60.487
<br /> Total $1,346,121*
<br /> Represents 22.9%of the City's total 1994 taxable net tax capacity.
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