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CITY PROPERTY VALUES
<br /> NOTE: 1997 values for taxes payable in 1998 are not yet available.
<br /> 1996 Indicated Market Value of Taxable Property: $349,640,546'
<br /> y Calculated by dividing the county assessors' 1996 estimated market value of $319,921,100 by the
<br /> aggregate 1996 sales ratio of 91.5% for the City as determined by the State Department of Revenue.
<br /> 1996 Net Tax Capacity: $6,224,771
<br /> Hennepin Ramsey
<br /> County County Total
<br /> Real Estate $4,012,366 $2,077,241 $6,089,607
<br /> Personal Property 96,440 38,724 135,164
<br /> Total $4,108,806 $2,115,965 $6,224,771
<br /> 1996 Taxable Net Tax Capacity: $6,234,749
<br /> 1996 Net Tax Capacity $6,224,771
<br /> Less: Captured Tax Increment Tax Capacity (607,465)
<br /> Contribution to Fiscal Disparities (347,500) --
<br /> Plus: Distribution from Fiscal Disparities 964,943
<br /> 1996 Taxable Net Tax Capacity $6,234,749
<br /> 1996 Taxable Net Tax Capacity by Property Class
<br /> Real Estate:
<br /> Residential Homestead $3,283,157 52.7%
<br /> Non-Homestead Residential 1,069,992 17.1
<br /> Commercial/Industrial, Railroad and
<br /> Public Utility` 1,746,436 28.0
<br /> Personal Property 135,164 2.2
<br /> Total $6,234,749 100.0%
<br /> Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> Trend of Values
<br /> r Assessor's
<br /> Indicated Estimated Taxable Tax
<br /> Market Value(a) Market Value Capacity(b)
<br /> 1996 $349,640,546 $319,921,100 $6,234,749
<br /> 1995 337,579,157 312,598,300 5,962,847
<br /> 1994 323,261,376 305,482,000 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 /> (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 1991 occurs in the category of commercial
<br /> and industrial property. See Appendix II for an explanation of tax capacity.
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