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HomeMy WebLinkAboutNet Tax Capacity City of St. Joseph, Minnesota . 2017 Net Tax Capacity . Adopted December 5, 2016 . 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 Adopted 2017 Budget Adopted 2016Adopted 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