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HomeMy WebLinkAboutPreliminary Net Tax Capacity City of St. Joseph, Minnesota 2017 Net Tax Capacity PRELIMINARY as of October 14, 2016 Net Tax Capacity 3,342,661 3,389,637 2016 2017 2017 Levy Limit nis 3.79% 1.41% (Stearns County estimated) Estimated Tax Impact of the Preliminary 2017 Budget Adopted 2016 Preliminary 2017 Tax Rate Levy Levy Change GF levy General Fund Levy 1,062,065 31.773% 1,122,485 33.115% 1.342% $94,500 Coborn's Abate- EDA 50,000 1.496% 0.000% -1.496% EDA Levy 72,365 2.165% 93,920 2.771% 0.606% EDA levy Park Dedication Fund 3,000 0.090% 20,000 0.590% 0.500% -$28,445 General Equip Fund 60,000 1.795% 77,080 2.274% 0.479% sales tax abatement (164,480) -4.92% (162;000) -4.779% 0.141% Bond 2009 135,000 4.039% 90,000 2.655% -1.384% 16 to 17 Bond 2010 32,500 0.972% 31,000 0.915% -0.058% debt levy Bond 2011 123,375 3.691% 105,935 3.125% -0.566% $98,060 Bond 2012 50,000 1.496% - 0.000% -1.496% Bond 2013 67,000 2.004% 67,000 1.977% -0.028% Bond 2014 123,500 3.695% 103,500 3.053% -0.641% Bond 2015 224,480 6.716% 224,000 6.608% -0.107% Bond 2016 - 0.000% 230,000 6.785% 6.785% 1,838,805 2,002,920 2.506% debt levy 55.010% 59.090% Operational Levy%change 16 to 17 5.30% Tax Cap. Chg 4.079% Operational Levy$change 16 to 17 $ 66,055 Debt Levy%change 16 to 17 16.58% Debt Levy$change 16 to 17 $ 98,060 Net Tax Estimated Impact Analysis I 2016 NTC 2016 Tax Capacity _ Impact 100,000 Homestead 718 394.97 718 424.26 Increase in taxes 7.42% 29.29 150,000 Homestead 1263 694.78 1,263 746.30 Increase in taxes 7.42% 51.52 175,000 Homestead 1534 843.86 1,534 906.43 Increase in taxes 7.42% 62.58 200,000 Homestead 1808 994.58 1,808 1,068.34 Increase in taxes 7.42% 73.75 250,000 Homestead 2353 1,294.39 2,353 1,390.38 Increase in taxes 7.42% 95.99 250,000 Business 4,250 2,337.93 4,250 2,511.30 Increase in taxes 7.42% 173.37 500,000 Business 9,250 5,088.44 9,250 5,465.78 Increase in taxes 7.42% 377.34 750,000 Business 14,250 7,838.96 14,250 8,420.26 Increase in taxes 7.42% 581.30 1,000,000 Business 19,250 10,589.47 19,250 11,374.73 Increase in taxes 7.42% 785.26 $1 M 20 Unit Apt. 12,500 6,876.28 12,500 7,386.19 Increase in taxes 7.42% 509.91 Tax Capacity rate change by 1% $ 34,000