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CITY PROPERTY VALUES <br /> NOTE. 1998 values for taxes payable in 1999 are not yet available. , <br /> 1997 Indicated Market Value of Taxable Property: $364,196,638' <br /> Calculated by dividing the county assessors' 1997 estimated market value of$335,789,300 by the <br /> aggregate 1997 sales ratio of 92.2% for the City as determined by the State Department of Revenue. <br /> 1997 Net Tax Capacity: $5,961,971 <br /> Hennepin Ramsey <br /> County County Total <br /> Real Estate $3,852,787 $1,984,415 $5,837,202 <br /> Personal Property 85,233 39,536 124,769 <br /> Total $3,938,020 $2,023,951 $5,961,971 <br /> 1997 Taxable Net Tax Capacity: $5,914,038 <br /> 1997 Net Tax Capacity $5,961,971 <br /> Less: Captured Tax Increment Tax Capacity (632,587) <br /> Contribution to Fiscal Disparities (336,420) <br /> Plus: Distribution from Fiscal Disparities 921,074 <br /> 1997 Taxable Net Tax Capacity $5,914,038 <br /> 1997 Taxable Net Tax Capacity by Property Class <br /> Real Estate: <br /> Residential Homestead $3,258,833 55.1% <br /> Non-Homestead Residential 942,931 15.9 <br /> Commercial/Industrial, Railroad and <br /> Public Utility' 1,587,505 26.9 <br /> Personal Property 124,769 2.1 <br /> Total $5,914,038 100.0% <br /> ' Reflects adjustments for fiscal disparities and captured tax increment tax capacity. <br /> - 8 - <br />