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1995 Taxable Net Tax Capacity: $5,962,847
<br /> 1995 Net Tax Capacity $6,034,163
<br /> Less: Captured Tax Increment Tax Capacity (604,260) !
<br /> Contribution to Fiscal Disparities (275,870)
<br /> Plus: Distribution from Fiscal Disparities 808.814
<br /> 1994 Taxable Net Tax Capacity $5,962,847
<br /> 1995 Taxable Net Tax Capacity by Property Class
<br /> Real Estate:
<br /> Residential Homestead $3,180,936 53.4%
<br /> Non-Homestead Residential 1,075,132 18.0
<br /> Commercial/Industrial, Railroad and
<br /> Public Utility' 1,573,053 26.4
<br /> Personal Property 133.726 2.2
<br /> Total $5,962,847 100.0%
<br /> ' Reflects adjustments for fiscal disparities and captured tax increment tax capacity.
<br /> Trend of Values
<br /> Assessor's
<br /> Indicated Estimated Taxable Tax
<br /> Market Value(a) Market Value Capacity(b)
<br /> 1995 $330,791,852 $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 /> 1991 324,378,870 310,106,200 6,495,623
<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 111 for an explanation of tax capacity.
<br /> Ten of the Largest Taxpayers in the City
<br /> 1995 Net
<br /> Taxpayer Type of Property Tax Capacity
<br /> St. Marie Company Shopping Mall $ 261,678
<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 170,000
<br /> Northern States Power Company Utility 117,922
<br /> St. Anthony Minneapolis, Inc. Commercial 61,682
<br /> Leslie Paper Company Manufacturer 60,592
<br /> Firstar Bank of Minnesota Bank 56,392
<br /> Individual Commercial 50,902
<br /> Village North Apartments 48.093
<br /> Total $1,267,765*
<br /> Represents 21% of the City's total 1995 taxable net tax capacity.
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