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SCHEDULE5
<br />CITY OF HUGO, MINNESOTA
<br />TAX CAPACITY AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
<br />LAST TEN FISCAL YEARS
<br />93
<br />Total
<br />Estimated
<br />Tax Capacity
<br />Total
<br />Adjusted
<br />City
<br />% of Tax Capacity
<br />Payable
<br />Market
<br />Real
<br />Personal
<br />Tax
<br />Tax
<br />Urban Tax
<br />to Total Estimated
<br />Year
<br />Value
<br />Property
<br />Property
<br />Capacity
<br />Capacity (1)
<br />Rate
<br />Market Value
<br />2006
<br />$ 1,133,074,000 $
<br />10,826,524
<br />$ 229,117
<br />$ 11,055,641
<br />$ 10,048,262
<br />35.826
<br />% 0.01
<br />2007
<br />1,470,556,400
<br />13,553,070
<br />245,668
<br />13,798,738
<br />12,674,707
<br />35.144
<br />0.01
<br />2008
<br />1,568,574,700
<br />15,232,828
<br />238,245
<br />15,471,073
<br />14,161,910
<br />34.941
<br />0.01
<br />2009
<br />1,567,781,100
<br />15,492,415
<br />239,741
<br />15,732,156
<br />14,350,560
<br />34.443
<br />0.01
<br />2010
<br />1,485,921,700
<br />15,126,688
<br />262,716
<br />15,389,404
<br />13,891,937
<br />34.274
<br />0.01
<br />2011
<br />1,360,991,900
<br />14,025,951
<br />248,164
<br />14,274,115
<br />12,630,639
<br />34.236
<br />0.01
<br />2012
<br />1,341,568,000
<br />13,065,273
<br />255,652
<br />13,320,925
<br />12,247,068
<br />36.498
<br />0.01
<br />2013
<br />1,295,537,600
<br />12,545,414
<br />276,956
<br />12,822,370
<br />11,774,742
<br />36.511
<br />0.01
<br />2014
<br />1,344,215,300
<br />13,111,735
<br />284,514
<br />13,396,249
<br />12,355,637
<br />36.417
<br />0.01
<br />2015
<br />1,554,927,700
<br />15,374,167
<br />283,928
<br />15,658,095
<br />14,603,836
<br />36.318
<br />0.01
<br />(1) Tax Capacity adjusted for captured tax increment, fiscal disparities, and
<br />transmission lines.
<br />NOTE - Valuations are determined as
<br />of January 1 of year
<br />preceding tax collection year.
<br />The County determines a property's tax
<br />capacity by multiplying
<br />a property's estimated market value times the property's class rate which is determined
<br />by its use.
<br />The total City tax levy divided
<br />by the total City
<br />tax capacity determines a percentage, the City tax rate, that is applied to each parcel's tax
<br />capacity to
<br />determine the tax amount.
<br />93
<br />
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