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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 />94
<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 />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 />2016
<br />1,532,535,200
<br />15,086,691
<br />293,209
<br />15,379,900
<br />14,294,114
<br />36.323
<br />0.01
<br />(1) Tax Capacity adjusted for captured tax increment, fiscal disparities, and
<br />transmission lines.
<br />NOTE -Valuations
<br />are determined as
<br />of January1 of year
<br />preceding tax collection
<br />year.
<br />The County determines
<br />a propertys taxcapacity
<br />by multiplying a propertys estimated
<br />market value times the propertys class rate which is determined
<br />byits use. The total City tax levy divided
<br />by the total City tax capacity determines
<br />a percentage, the City tax rate, that
<br />is applied to
<br />each parcel's tax
<br />capacityto determine the taxamount.
<br />94
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