HomeMy WebLinkAbout[05-02] Net Tax Capacity
City of St. Joseph, Minnesota
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2017 Net Tax Capacity
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PROPOSED FINAL as of December 5, 2016
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Net Tax Capacity
3,342,661 3,389,637
20162017
2017 Levy Limitn/a
3.79%1.41%
(Stearns County preliminary rate)
Estimated Tax Impact of the Proposed Final 2017 Budget
Adopted 2016Proposed Final 2017
Tax Rate
NTC
LevyLevy
Change
GF levy
General Fund Levy 1,062,06531.773% 1,122,48533.115%1.342%
$94,500
Coborn's Abate - EDA 50,0001.496% -0.000%-1.496%
EDA Levy
72,3652.165% 93,9202.771%0.606%
EDA levy
Park Dedication Fund
3,0000.090% 20,0000.590%0.500%
-$28,445
General Equip Fund 60,0001.795% 77,0802.274%0.479%
sales tax abatement (164,480)-4.92% (162,000)-4.779%0.141%
Bond 2009 135,0004.039% 90,0002.655%-1.384%
Bond 2010 32,5000.972% 31,0000.915%-0.058%
debt levy
Bond 2011 123,3753.691% 105,9353.125%-0.566%
$98,060
Bond 2012 50,0001.496% -0.000%-1.496%
Bond 2013 67,0002.004% 67,0001.977%-0.028%
Bond 2014 123,5003.695% 103,5003.053%-0.641%
Bond 2015 224,4806.716% 224,0006.608%-0.107%
Bond 2016 -0.000% 230,0006.785%6.785%
1,838,805 2,002,920
55.010%59.090%
2017 Net Tax2017 Tax
Impact Analysis2016 NTC2016 TaxCapacityImpactmonthly
150,000 Homestead
1263 694.78 1,263 746.30 62.19
51.52 4.29
Increase in taxes
175,000 Homestead
1534 843.86 1,534 906.43 75.54
62.58 5.21
Increase in taxes
200,000 Homestead
1808 994.58 1,808 1,068.34 89.03
73.75 6.15
Increase in taxes
500,000 Business
9,250 5,088.44 9,250 5,465.78 455.48
377.34 31.44
Increase in taxes
$1 M 20 Unit Apt.
12,500 6,876.28 12,500 7,386.19 615.52
509.91 42.49
Increase in taxes