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HomeMy WebLinkAbout2017 Net Tax Capacity [DRAFT] City of St. Joseph, Minnesota 2017 Net Tax Capacity DRAFT as of August 2'? 2016 Net Tax Capacity 3,342,661 3,424,883 2016 2017 � . . � � 3.79% 2.46% (Stearns County estimatec Estimated Tax Impact of the Draft 2017 Budget Adopted 2016 Preliminary 2017 Tax Rate Levy Levy Change General Fund Levy 1,062,065 31.773% 1,138,160 33232% 1.459% Coborn's Abate- EDA 50,000 1.496% - 0.000% -1.496% EDA Levy 72,365 2.165% 93,920 2.742% 0.577% Park Dedication Fund 3,000 0.090% 20,000 0.584% 0.494% General Equip Fund 60,000 1.795% 77,080 2.251% 0.456% sales tax abatement (164.480) -4.92% (162,000) -4.730% 0.191% Bond 2009 135,000 4.039% 90,000 2.628% -1.411% Bond 2010 32,500 0.972°/a 31,000 0.905% -0.067% Bond 2011 123,375 3.691% 105,935 3.093% -0.598% Bond 2012 50,000 1.496°/a - 0.000% -1.496% Bond 2013 67,000 2.004% 67,000 1.956% -0.048% Bond 2014 123,500 3.695% 133,500 3.898% 0.203% Bond 2015 224,480 6.716% 224,000 6.540% -0.175% Bond 2016 - 0.000% 140,000 4.088% 4.088% 1,838,805 1,958,595 0.496% 55.010% 57.187% Operational Levy%change 16 to 17 6.55% Tax Cap. Chg 2.177% T Operational Levy$change 16 to 17 $ 81,730 Debt Levy%change 16 to 17 6.44% Debt Levy$change 16 to 17 $ 38,060 Net Tax Estimated Impact Analysis 2016 NTC 2016 Tax Capacity Impact 100,000 Homestead 718 394.97 718 410.60 Increase in taxes 3.96% 15.63 150,000 Homestead 1263 694.78 1,263 72227 Increase in taxes 3.96% 27.50 175,000 Homestead 1534 843.86 1,534 877.25 Increase in taxes 3.96% 33.40 200,000 Homestead 1808 994.58 1,808 1,033.94 Increase in taxes 3.96% 39.36 250,000 Homestead 2353 1,294.39 2,353 1,345.62 Increase in taxes 3.96% 51.22 250,000 Business 4,250 2,337.93 4,250 2,430.46 Increase in taxes 3.96% 92.52 500,000 Business 9,250 5,088.44 9,250 5,289.82 Increase in taxes 3.96% 201.37 750,000 Business 14,250 7,838.96 14,250 8,149.18 Increase in taxes 3.96% 310.22 1,000,000 Business 19,250 10,589.47 19,250 11,008.54 Increase in taxes 3.96% 419.07 $1 M 20 Unit Apt. 12,500 6,876.28 12,500 7,148.40 Increase in taxes 3.96% 272.12 Tax Capacity rate change by 1% $ 34,000