HomeMy WebLinkAboutCity Tax Base - 1991/1992 f
#TAUTGES, REDPATH & CO., LTD.
CERTIFIED PUBLIC ACCOUNTANTS
May 21, 1992
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
14168 North 57th Street
Stillwater, MN 55082
RE: CITY TAX BASE - 1991/1992
I have just completed my updated review of the St. Croix Mall TIF Project. In conjunction
therewith, I have updated my records on the City's tax base. You may recall that this data was first
analyzed when we were analyzing the effect of this project on the City's overall tax base. You will
rote the following:
MARKET VALUES
The total market value of the City's tax base was $200,073,600 for 1991/92 representing a
$4 206,E Q 2_% increase. See the attached Schedule 2. This increase was caused by several
factors.
1. Public Utility Property:
The market value of public utility property decreas by $1,507,100 or 1.8 %. This market
value is set by the State Department of Revenue rather than by your local assessor. According
to the State, the decrease was caused by a change in methodology used by the State rather than
by any actual market value decline. Also according to the State, future market values (for
public utility property) should remain fairly constant. Accordingly, the City should not expect
a continued decline for this property classification.
2. Industrial /Commercial Property:
The market value of industrial/commercial property increased by $5,093,200 or 19.3 %. A
substantial portion of this increase ($3,449,600 or 13.1% relates to the St. Croix Mall which is
TTF- dYsignated property. As such, TIF increase does not effect the City regular tax base.
3. Residential (Homestead) Property:
The market value of residential (homestead) property increased by $3,960,100 or 5.2 %. A
major portion of this increase was probably the result of Swager's 9th Addition and the Valley
Point 2nd Addition.
4. Apartment (National Housing Act) Property:
The market value of apartment (National Housing Act) property decreased by $3,940,200 or
100 %. This property (one parcel) was acquired by the Washington County BRA. and taken off
the general tax rolls. This property is now subject to a "payment in lieu of taxes."
4810 White Bear Parkway • White Bear Lake, Minnesota 55110 • 612/426 -7000 f FAX /426 -5004
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 2
5. Apartment Property:
The market value of apartment (other) property decreased by $178,000 or 2.5 %. See the
attached Schedule 4. The market value of apartment complexes has decreased by $1,495,100
over the past three years, as follows:
TAX MARKET
YEAR VALUE CHANGE %
1984/85 $3,529,000
1985/86 4,874,000 $1,345,000 38.1%
1986/87 5,022,900 148,900 3.1%
1987/88 8,491,700 3,468,800 69.1%
1988/89 8,525,600 33,900 0.4%
1989/90 7,831,400 (694,200) (8.1 %)
1990/91 7,208,800 (622,900) (8.0 %)
1991/92 7,030,500 (178,000) (2.5 %)
Substantially all of the above decrease for the past three years was the result of assessment
appeals/court stipulations on one apartment complex. The Oak Ridge apartment complex was
valued at $3,779,300 for 1988/89 property taxes. This value was decreased to $3,200,000 for
1989/90 (representing a $579,300 or 15% decrease) and further decreased to $2,300,000 for
1990/91 (representing a $900,000 or 28% additional decrease). According to the Washington
County Assessor's Office, both of these decreases were the result of court stipulations. The
Oak Ridge apartment complex represented approximately 44% of the total apartment property
in the City for 1988/89. Accordingly, these decreases had a major effect upon the total.
The market values for 1991/92 reflect another decrease of $178,000. However, this is
misleading. A single new apartment added to the tax rolls in 1990/91 was erroneously valued
at $300,700. This was corrected to $135,400 for 1991/92. Accordingly, the City should not
expect continued future declines in the market value of apartment property with the City.
Since 1984/85, the market values of the City's tax base has shifted away from public utility
towards other property classifications as follows:
1984/85 1991/92
PROPERTY CLASS FMV % FMV %
Public Utility $91,116,007 56.5% $80,573,400 40.3%
IndusuWCommercial 13,467,500 8.4% 31,486,600 15.7%
Residential 49,597,600 30.8% 80,081,100 40.0%
Apartments 6,917,300 4.3% 7,030,500 3.5%
Other 122,900 0.0% 902,000 .5%
Totals $161,221,307 100.0% $200,073,600 100.0%
As clearly shown above, the relative mix of the City's tax base (at fair market value) has changed
considerably over the past seven years. Public Utility property has decreased from 56.5% of the
total to 40.3%. Alternately, Indusa ial/Commercial property increased from 8.4% of the total to
15.7% and Residential property increased from 30.8% of the total to 40.0 %.
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 3
ASSESSED/TAX CAPACITY VALUES
The City's actual tax base is measured by assessed/tax capacity values rather than market values.
These values (under the current tax capacity rules) are determined differently for each separate
property classification. For instance, public utility property has a tax capacity factor of 4.75% of
market. Alternately, homestead property has a three -tier factor formula as follows:
RATE)
I R/MARM VALUE FACTOR
1st $72,000 1.00%
$72,000 to $115,000 2.00%
Over $115,000 2.50%
The above tax capacity factors are designed to limit property taxes on selected r &., r r,. ty
classifications (i.e. homestead, farm, etc.). Homestead property (valued $72,000 or less) is
given the lowest tax capacity factor of 1 %. This means (in theory) that homestead property valued
$72,000 or less will pay annual property taxes equal to 1 % of its market value. Alternatively,
public utility property and industrial/commercial property is given the highest tax capacity factor of
4.75 %. Accordingly (in theory) public utility property and industrial/commercial property will pay
annual property taxes equal to 4.75% of its market value. It should be noted that this methodology
of applying different tax capacity factors to different property classifications is a State - controlled
methodology. The City has no control over this process.
The total tax capacity value of the City's tax base was $6,656,993 for 1991/92 representing a
$ 139.548 Qr 2.1 % decrease See the attached Schedule 2. This decrease ocurred in spite of a
$4,266,000 or 2.2% increase to market values. This decrease was caused primarily by State
changes to the tax capacity ratios/factors used to determine tax capacity values. See the attached
Schedule 3.
1. Public Utility Property:
The tax capacity value of public utility property -decreased by $235,746 or 5.8 %. This
decrease was the result of market value decreases ($74,600 or 1.8 %) plus tax capacity
ratio/factor decreases ($161,100 or 4.0%). The tax capacity ratios/factors for public utility
property have been as follows for the past three years:
Ratio/ Change
Year Factor Amount %
1989/90 5.06%
1990/91 4.95% (0.11) (2.2 %)
1991/92 4.75% (0.20) (4.0 %)
Total change (0.31) (6.1%)
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 4
2. Industrial /Commercial Property:
The tax capacity value of industrial/commercial property increased by $194,654 or 15.9 %.
This increase was the net result of market value increases ($235,800 or 19.3%) I= tax
capacity ratio /factor decreases ($41,100 or 3.4 %).
The tax capacity ratios/factors for industrial/commercial property are generally the same as for
public utility property (see above).
3. Residential (Homestead) Property:
The tax capacity value of residential (homestead) property decr eas by $16,327 or 1.4% in
spite of a $3,960,100 or 5.2% increase to market values. This decrease was the net result of
market value increases ($60,200 or 5.2 %) less tax capacity ratio /factor decreases ($76,500 or
6.6 %).
4. Apartment (National Housing Act) Property:
The tax capacity value of apartment (National Housing Act) property decreased by $94,785 or
100%. This property (one parcel) was acquired by the Washington County HRA and taken off
the general tax rolls. This property represented $94,785 or 1.4% of the total City tax base (tax
capacity value) for 1990/91 property taxes.
S. Apartment Property:
The tax capacity value of apartment property decreased by $13,436 or 5.2 %. This decrease
was the result of market value decreases ($6,400 or 2.5 %) plus tax capacity ratio /factor
decreases ($7,000 or 2.7 %).
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 5
The attached Schedule 3 summarizes the City's tax capacity values in terms of
"actual- composite" tax capacity rates/factors. This schedule clearly shows the primary cause for
the decrease in the City's tax capacity values over the past three years. The State (in its attempt to
limit tax increases for various property classifications) reduced tax capacity factors/rates for most
property classifications in the City. The following table summarizes the 1991/92 decrease by
cause:
MARKET RATE)
VALUE FACTOR
PROPERTY CLASS CHANGES CHANGES TOTAL
Public Utility ($74,600) ($161,100) ($235,700)
Industrial/Commercial 235,800 (41,100) 194,700
Residential 60,200 (76,500) (16,300)
Apartments (101,200) (7,000) (108,200)
Other 13,400 12,700 26,100
City Total $133,600 ($273,000) ($139,400)
Percent Change
(1990/91 Base) 1.9% (4.0 %) (2.1%)
As clearly shown above, the entire 1991/92 tax capacity value decrease was the direct result of
State methodology rather than property values. A similar decrease ocurred with the 1990/91 tax
capacity values. The following table summarizes such decreases over the past two years:
TWO -YEAR CHANGES.
MARKET RATE/
VALUE FACTOR
PROPERTY CLASS CHANGES CHANGES TOTAL
Public Utility ($417,200) ($248,200) ($665,400)
Industrial/Commercial 363,400 (60,400) 303,000
Residential 119,700 (111,400) 8,300
Apartments (115,500) (14,200) (129,700)
Other 13,300 12,600 25,900
City Total ($36,300) ($421,600) ($457,900)
Percent Change
(1989/90 Base) (0.5 %) (5.9 %) (6.4 %)
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 6
FISCAL DISPARITY /T.I.F.
There is another factor which has a negative impact on the City's tax base - -fiscal disparities. The
attached Schedule 2 shows this impact. The City of Oak Park Heights is a net -loser under the
fiscal disparities program. More important, the negative impact of fiscal disparities is increasing as
follows:
FISCAL % OF CITY
TAX YEAR DISPARITY- TAX BASE
NET
1988/89 ($170,101) (2.3 %)
1989/90 ($297,342) (4.2 %)
1990/91 ($481,065 (7.1%)
1991/92 ($416,441) (6.2 %)
The 1991/92 tax year was the first full tax increment financing collection year for the City's St.
Croix Mall-TIF Project. This TIF project decreased the City's 1991/92 tax base by $208,027
representing a 3.1% decrease. Current projections indicate that this adjustment will diminish over
the remaining six years of this TIF District.
TAX CAPACITY RATE
Since 1988/89 (the first year of tax capacity rates), the City's tax capacity rate has increased by
35.1% as compared to an 18.9% increase in certified tax levies over the same period The
following schedule details both tax levies and tax rates by year
Tax Levy Tax Rate
Year Amount Change TCR Change
1988/89 $1,009,248 14.410%
1989/90 1,205,556 19.5% 18.011% 25.0%
1990/91 1,199,554 (0.5 %) 18.620% 3.4%
1991/92 1,199,554 0.0% 19.463% 4.3%
To the Honorable Mayor and
Members of the City Council
City of Oak Park Heights
May 21, 1992
Page 7
As clearly shown on the previous page, the City's tax rate has been increasing at a faster pace than
tax levies and even with decreasing and/or stable tax levies. Most of the increase over lei 1=
d ime (both tax levy and tax rate increases) has been the result of State actions rather than City
actions as follows:
Tax Levy Chan Tax Rate Chan
Description Amount % TCR %
1. Tax Levy Increases:
- State Aid "Shift" $101,645 10.1% 1.451 10.1%
- Inflation/Growth 88,661 8.8% 1.266 8.8%
2. Market Value Increases N/A (1.098) (7.6 %)
3. Formula (Ratio/Factor)
Changes N/A 2.159 15.0%
4. Fiscal Disparity Net Effect N/A 0.565 3.9%
5. Tax Increment N/A 0.450 3.1%
6. All Other - Net 0.260 1.8%
TOTAL INCREASE
(1988/89 - 1991/92) $190,306 18.9% 5.053 35.1%
As clearly shown above, most of the increases (both tax levy and tax rate) over the past three years
were the result of State action rather than City action. The City's tax capacity rate was 14.410%
for 1988/89 as compared to a County average of 15.335% for the same year. The City's tax
capacity rate was 19.463% for 1991/92 as compared to a County average of 20.158% for the same
year. Accordingly, the State has had similar effect upon all/most Cities in Washington County.
The above (and attached) information was used (by my office) for other analytical purposes. I
thought the information would be of interest to the City Council. We will be available to discuss
this report with the City Council at a future date. If you have any questions, please don't hesitate
to call.
Yours very truly,
TAU T TGESS, REDPATH & CO., LTD.
do
Robert J. Voto, CPA
RN/lad
c: LaVonne Wilson
Judy Holst
T,kX- BASEjl S
CITY OF OAK PARK HEIGHTS
CITY TAX BASE -OLD BASIS- ASSESSED VALUES SCHEDULE 1
198411985 19851 1986 19861 1987 19871 1988
AMOUNT s AMOUNT % AMOUNT % AMOUNT %
MARKET YALUES:
UTIUTY 91,116,007 56.5% 84,033,078 52.1% 87,416,000 51.+6% 88,225,000 49.3%
!NDUSTICOM. 13,467,500 8.4% 17,234,100 10.7% 18,551,400 11.0% 19,722,500 110%
RESIDENTIAL 49,597,600 30.8% 51,581,600 32.0% 54,207,700 32.0% 59,221,800 33.1%
APART. -NAIL HOUSE. ACT 3,388,300 2.1% 3,529,700 22% 3,943,400 2.3% 3,466 1.9'%
APART. -OTHER 3,529,000 2.2% 4,874,000 3.0% 5,022,900 3.0% 8,491,700 4.7%
OTHER 122,900 0.1% 122,900 0.1% 135,200 0.1 % 0.0%
TOTALS 161,221,307 100.0% 161,375,378100.0% 169,282,600100.0% 179,127,500 100.0%
ASSESSED VALUES:
U T 1LITY 32,154,792 64.4% 29,707,157 59.5% 30,800,234 59.0% 31,017,497 56.9%
INDUSTIC,`OM. 5,438,573 10.9% 6,986,047 14.0% 7,554,022 14.5% 8,066,094 14.8%
RESIDENTIAL 10,376,502 20.8% 10,767,000 21.6% 11,274,534 21.6% 11,836,358 21.7%
APART. -NAT'L HOUSE. ACT 710,504 1.4% 747,548 1.5% 854,382 1.6% 737,092 1.4%
APART. -OTHER 1,199,860 2.4% 1,657,160 3.3% 1,707,786 3.3% 2 5.3%
OTHER 23.351 0.0% 22.122 0.0% 24,336 0!0% 0 O.c.%
TOTALS 49,903,582 100.0% 49,887,034100.0% 52,215,294100.0% 54,544,219 100.0%
F. D. CONTRIBUTION:
IND /COM -L4ST `LEAP. 34 989,064 37,593 36,584,622 38,1 95,443
INDiC-0t+8ASE - 29,702,339 29,702,339 X9,702,339 X9,102,339
INCREASE 5,286,725 1,891,026 6,882,283 8,493,104
CONTRIBUTION @ 40% 2,114,690 3,156,410 2,752,913 3,391,242
IND /COM -THIS YEAR 37,593,365 36,686,850 33,349,522 39:077,454
F. D. FACTOR 5.6252% 8.6037% 7.1785% 8.6939%
CITY TAX BASE -NET:
ASSESSED VALUES -
PERABOY'E 49,903,582 100.0% 49,887,034 100.0% 52,215,294 100.0% 54,544,219 100.0%
FISCAL DISPARITY.
COW RIBUTiON - 2,114,690 -4.210 - 3,156,410 -6.3% 2,752,913 -5.3% - 3,397,242 -6.2%
DISTRIBUM.ON 1,105,582 2.2% 1,188,305 2.4% 1,490,130 2.9% 1,3?2,244 3.3%
T.1. F. VALUE 0 0 0 0
CITY TAX BASE -NET 48,894,474 98.0% 47,918,929 96.1% 50,932,511 97.6% 52,969,221 97.1%
INCREASE 1- DECREASE - 975.545 -2.0% 3,033,582 6.3% 2,016,711 4.0%
TA, ,x QdE_ki
CITY OF OAK PARK HEIGHTS
CITY TAX BASE -NEW BASIS TAX CAPACITY VALUES SCHEDULE 2
INCREASE/
1988 / 1989 1989 1 1990 1990/1991 1991 / 1992 -DECREASE
AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT %
MARKET VALUES:
UTILITY 87,242,100 46.9% 88,857,300 45.2 82,080,500 41.9% 80,573,400 40.3% - 1,507,100 -1.8
INDUSTICOM. 22,334,900 12.0`'!0 23,680,400 12.1% 26,393,400 13.5% 31,486,600 15.7% 5,093,200 193 '
RESIDENTIAL 64,251,600 34.6% 72,316,600 36.3% 76,121 33.9% 80,031,100 40.0% 3,960,100 5.2
APART. IAT'L HOUSE. ACT 3,466,500 1.9% 3,758,500 1.9% 3,940,200 2.0 0 0.0% - 3,940,200 -100
APART.-OTHER 8,525,600 4.6`'!0 7,331,400 4.0% 7,208,500 3.7% 7,030,500 3.5% - 178,000 -2.5
OTHER /FARM 93,000 0.1% 71,000 0.0 ° .% 64,000 0.0% 902,000 0.5% 638,000 1309.4
TOTALS 185,913,700 100.0% 196,515,200100.0% 195,807,600100.0% 200,073,600 100.0% 4,266,000 2.
TAX CAPACITY VALUES:
UT1LI'I `( 4,119,653 56.6% 4,492,661 63.1% 4,062,933 59.x% 3,827,237 57.5 ?)')p 746 �. ri
INDUSTJCOM. 1,093,884 15.0% 1,113,471 15.6% 1,221,737 18.0% 1,416,391 21.3% 194,654 15.24
RESIDENTIAL 1,619,412 22.3% 1,131,944 15.9% 1,156,506 17.0% 1,140,179 17.1`3 - 16,327 -1.
APART. -NAT'L HOUSE. ACT 91,668 1.3% 93,868 1.3% 94,785 1.4% 0 0.0:'0 - 94,785 - 100.1:
APART. -OTHER 349,551 4.8% 281,931 4.0% 259,506 3.8% 246,070 3.7% ; 3,436 -5.2'
OTHER/FARM 2 ; 093 0.0% 1,208 0.0% 1,024 0.0% 21,116 0.4`25- 26,092 2548.1'
TOTALS 7,276,261 100.0% 7,115,089 100.0% 6,796,541 100.0% 6,656,993 100.0% - 139,548 -2 `
F. D_ CONTRIBUTION:
IND/COM -LAST YEAR 38,982,308 5,214,482 5,602,682 5,262,356
IND /COM -BASE - 29,702,339 3,627,817 - 3,496,490 - 3,420,476
INCREASE 9,279,969 1,586,665 2,106, 1.841,880
OnaUr ; @ 40% ", 11,938 634.6 "6 342,47 1J�,15 '1wjTr' 1 O iw 7 n
ADJ. TO TAX CAPINET 452,862 611637 824,162 ; 06,981
IND /COM -THIS YEAR 5,213,537 5,606,138 5,284,404 5,263,931
F. D. FACTOR 8.6863% 10.9112% 15.5961% 13.4308%
CITY TAX BASE -NET:
TAY, CAPACITY VALUES -
PER. ABOVE 7,276,261 100.0% 7,115,083 100.0% 6,796,541 100.(-,% 6,65-6,393 100.9.% - 139,`;48 2."
FISCAL DISPARITY:
CONTRIBUTION - 452,862 -6.2% - 611,697 -8.6% - 824,162 2 2.1 % - 106,981 -10.6% 117,175 -14.'L
DISTRIBUTION 282,761 3.9% 314,355 4.4% 343,0 5.0% 290,546 4.4`% - 52,551 15.
T. I. F. VALUE 0 0.0% 0 0.0% - 56 ,853 -0.8% - 208,027 -3. - 151:174
CITY TAX BASE -NET 7,106,160 97.7% 6,817,747 95.8% 6,258,623 92.1% 6,032,525 90.6% - 226,098 3.
INCREASE /- DEGREASE N /A N /A - 559,124 42% - 226,098 -3.6%
CITY OF OAK PARK HEIGHTS
CITY TAX BASE -NEW BASIS TAX CAPACITY RATES SCHEDULE 3
INCREASE/
-DECREASE_
TAX CAPACITY RATIOS 198811989 198911990 1990/1991 199111$92 i ERC. r 3 e _
UTILITY PROPERTY.
ATTACHED MACHINERY 4.60% 5.06% 4.951 4.75%
LAND & BUILDINDS 5.25% 5.06% 4.95% 4.75%
CITY ACTUAL - COMPOSITE 4.72% 5.06% 4.95% 4.75% -0.20% -4.04
INDUST./COMMERCIAL:
1 ST. $100,000 3.30% 3.30% 3.20 % 3.10`.'
OVER $100,000 5.25% 5.06% 4.95% 4.75%
CITY ACTUAL - COMPOSITE 4.90% 4.70% 4.63% 4.50% -0.13% -2.82
HOMESTEAD:
i ST. TIER 2.17% 1.00% 1.00% 1.00%
2ND. TIER 2.50% 2.00% 2.00%7 2.100%
3RD. TIER 3.30% 3.00% 3.00% 2.50:'
C17Y ACTUAL- COMPOSITE 2.52% 7.57% 1.52% 1.42% -0.10% - 6.29'
APARTMENTS:
CITY ACTUAL - COMPOSITE:
NAT'L. HOUSING ACT 2.64% 2.50% 2.41% NIA N 1 A NIA
OTHER 4.10% 3.60% 3.60% 3.50% -0.10% -2.78°
TOTAL CITY:
CITY ACTUAL - COMPOSITE 3.91% 3.62% 3.47% 3.33% -0.14% -4.14'
Tf-.SY C
CITY OF OAK PARK HEIGHTS
CITY TAX BASE - APARTMENT PROPERTY SCHEDULE 4
MARKET VALUES
PARCEL NO. 1989/1990 199011991 199111992
600042050 990,000 990,000 990,000 COURT STIPULATION
60955 -2050 1,821,500 1,821,500 1,821,500
60955 -2110 133,300 133,300 133,300
61100 -2000 3,200,000 2,300,000 2,300,000 COURT S" ►LAT!ON
61245 -2025 380,800 380,800 380,500
61339 -2650 142,600 119,000 117,000
6134) 2550 116,700 116,700 106,000
61440 -2100 189,300 189,300 189,300
60140 -2000 139,500 139,500 139,.500
60375 -6150 115,700 115,700 i 15,700
61095 -3100 0 300,700 0 NEW IN1990<'1 991
61095 -3115 0 0 135,400 CORRECTION IN 1;;91 1992
61095 -4900 300,000 300,000 300,000
61095 -4950 150,000 150,000 150,000
61095-4960 152,000 152,!30.53 1511,000
TOTALS 7.°31,400 1;08,500 7,030,500
DEGREASE - 694,200 - 622,900 - 178,000
CAUSES ; OR DECREASE:
APREALS-GREENBRIER - 133,400
APPEALS -SOAK RIDGE - 579,300 - 300,000
APPEALS -OTHER 0 - 23,600
NEW PROPERTY 0 300,700 - 165,300
ALL OTHER -NET 13,500 !0 12?00
TOT ALS -694,200 11321,900 - 178,000
TAX -LE` Y)I S
CITY OF OAK PARK HEIGHTS
VII I T AX LE+rY- i41:`4 SriSIS TAvA CAPACITY VALUES SCHEDULE 5 _
1988/1989 19891 1990 199011991 1991E 1992
DESCRIPTION AMOUNT °� AMOUNT a AMOUNT °5 AMOUNT %
MARKET VALUES:
UTILITY 87;242,100 46.9% 88,857,300 45.2% 82,080,500 41.9% 80,573,400 40.330
INDUSTICOM. 22,334,900 12.0% 23,680,400 12.1% 26,393,400 13.5% 31,486,600 15.7%
RESIDENTIAL 64,251,600 34.6% 72,316,600 36.8% 76,121,000 38.9% 80,081,100 40.0%
APART. -NAIL HOUSE. ACT 3,466,500 1.9% 3,758,500 1.9% 3,940,200 2.0% 0 0.0%
APART. -OTHER 8,525,600 4.6% 7,831,400 4.0% 7,208,500 3.7% 7,030,500 3.5%
OTHER / FARM 93,000 0.1% 71,000 0.0% 64,000 0.0% 902,000 0.5%
TOTALS 185,913,700100.0% 196,515,200100.0% 195,807,600100.0% 200,073,600100.0 %
TAX CAPACITY VALUES:
UTIU'Iy 4,119,653 56.6% 4,492,661 63.1% 4,062,983 59.8% 3,827,237 57.5°
INDUSTICOM. 1,093,884 15.0% 1,113,477 15.6% 1,221,737 18.0% 1,416,391 21.3%
RESIDENTIAL 1,619,412 22.3% 1,131,944 15.9% 1,156,506 17.0% 1,140,179 17.1%
APART. -NAT'L HOUSE. ACT 91,668 1.3% 93,868 1.3% 94,785 1.4% 0 0.0%
APART. -OTHER 349,551 4.8 281,931 4.0% 259,506 3.8% 246,07;1 3.7%
OTHERI FARM 2.093 0.0% 1.208 0.0% 1.124 0.0% 27.116 0.43:.
TOTALS 7,276,261100.0% 7,115,089100.0% 6,796,541100.0% 6,656,993100.0 %
CITY TAX BASE -NET:
l .kX CAPACITY VALUES -
PER ABOVE 7,276,261 100.0% 7,115,089 100.0% 6,796,541 100.0% 6,656,993 100.C%
FISCAL DISPARITY:
C�?NTRIBUTION - 452,862 -6.2% - 611,697 -3.6% - 824,162 -12.1% - 706,987 - 10.6
DISTRBUTION 262,761 3.9% 314,355 4.4% 343,097 5.0% 290,546 4.4%
T. 1. F. VALUE 0 0 .03! 0 0.03! - 56,853 43.8% - 208,027 -3.1%
CITY TAX BASE -NET 7,106,160 97.7% 6 95.8% 6,258,623 92.1% 6,032,525 90.6%
TAX RATE CALCULATION:
CERTIFIED/ GROSS LEVY 1,009,248 100.0% 1,205,556 100.0% 1,199,554 100.0% 1,199,554 100.0%
FISCAL DISPARITY DiSTRIB. +0,117 -4.0% - 45,736 -3.8% 61,820 02% - 55,182 -4.6%
TAX - REDUCTION STATE AIDS:
HACA NIA 0 0.0% - 48,141 -4.0% - 38,187 - 3.2 °.,
EQUAUZAT10N N/A 0 0.0% 0 0.0`.% 0 0 .0%
SPREAD /NET TAX LEVIES 969.131 96.0 1,159,820 96.2% 1,089,593 90.8% 1,106,185 92.2%
TAX CAPACITY RATE 14.410% 18.011% 18.620% 19.463%
CITY OF OAK PARK HEIGHTS
TOTAL TAX LEVY -OTHER CITY TAX LEVIES SCHEDULE 6
1988 1989 1990 1990/ 1991 1991 _
DESCRIPTION AMOUNT % AMOUNT % AMOUNT % AMOUNT % _
JURISDICTION:
CITY 14.410 15.6! 18.011 19.8% 18.620 17.3! 19.463 17.3%
COUNTY 23.030 24.91 24.934 27.4% 27.313 25.4% 29.380 26.2 %
SCHOOL 49.666 53.6% 42.846 47.110 55.441 51.6% 57.795 51.5!
OTHER 5.554 6.0% 5.195 5.7 6.044 5.6 5.556 5.0
TOTAL 92.660100.0% 90.986100.0% 107.418100.0% 112.194100.0%
ALL COUNTY CITIES:
AFTON 13.960 14.471 16.216 15.309
BAYPORT 22.260 25.234 26.038 26.141
BIRCHWOOD 1 1.355 14.930 15.06 11.111
COTTAGE GROVE 20.586 23.298 23.804 24.980
DELUyVOOD 8.819 12.326 10.592 11.949
`0R RR ES" T LAKE 18.1396 23.:40 23.360 24.672
HAST;NGS 26.119 22.508 26.968 25.846
HUGO 18.454 20.600 20.307 23.442
LAKE ELMO 10.544 15.494 15.164 15.761
LAKELAND 10.812 13.143 14.738 17.081
LAKELAND SHORES 13.070 14.518 15.143 13.378
LAKE ST. CROCt BEACH 9.737 20.404 15.897 25.150
LANDFALL 20.336 43.165 0.000 26.335
MAHTOMEDI 13.457 22.689 20.340 23.241
MARINE 18.105 28.826 27.279 31.951
NEWPORT 21.374 23.074 25.485 22.021
OAKDALE 16.977 20.550 17.934 21.650
OAK PARK HEIGHTS 14.410 18.011 18.620 19.463
PINE SPRINGS 2.394 3.940 3.853 4.272
ST. MARY'S POINT 5.211 9.357 9309 9.128
ST. PAUL PARK 13.884 21.102 16.020 20.202
STILLWATER 24.016 26. 911 13 27.664 26.861
V�NITE BEAR. LAKE 11.511 15.715 15.306 15.718
` ILLERNIE 19.552 19.976 1 .306 21.791
WOODBURY 18.266 20.778 19.425 19.993
COUNTY AVERAGE 15.335 19.803 18.455 20.158