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HomeMy WebLinkAboutCity Tax Base-1993/1994 Proposed #TA TH & CO ., LTD. CERTIFIED PUBLIC ACCOUNTANTS November 19, 1993 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 - 1993/1994 PROPOSED &ARKET V ALUES Property taxes levied by the City of Oak Park Heights (and all local government jurisdictions within Minnesota) are allocated against specific property owners (parcels) based upon State mandated policy and procedures. The first step in this process is the determination of property market values. Such values are determined by the Washington County Assessor's Office and the State Department of Revenue for the City of Oak Park Heights. The total market value of the City's tax base is $205,325,100 for 1993/94 representing a $8,809,900 or 4.5% increase over the past four years. The following schedule details this change by the various property classifications: Four Year 1989/90 1993/94 Increase/(Decrease) Property Class Amount % Amount % Amount % Utility $88,857,300 45.2% $79,960,400 38.9% ($8,896,900) (10.0%) Commercial 26,385,900 13.4% 33,947,200 16.5% 7,561,300 28.7% Homestead 60,872,600 31.0% 77,124,900 37.6% 16,252,300 26.7% Seasonal Residential 532,800 0.3% 365,400 0.3% (167,400) (31.4%) Apartment - NHA 3,758,500 1.9% 0 0.0% (3,758,500) (100.0%.0) Apartment - (1 - 3 Units) 8,276,700 4.2% 7,250,000 3.5% (1,026,700) (12.4%) Apartment - (4+ Units) 7,831,400 4.0% 6,677,200 3.3% (1,154,200) (14.7%.0) Totals 196,515,200 100.0% $205325,100 100.0% $8,809,900 4.5% 4810 White Bear Parkway • White Bear Lake, Minnesota 55110 • 612/426 -7000 • FAX /426 -5004 • Member of HLB International t To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 2 As shown above, major elements of these market values did increase substantially over the past four years. Unfortunately, other elements decreased substantially. The net effect was a modest increase to the overall market value of the City's tax base. A graphic illustration of the City's market value tax base over the past four years is presented in Graphic A (attached hereto) and is shown below: $210,000,000 $195,000,000 - -� Q $180,000,000 $165,000,000 ---© -- Total $150,000,000 $135,000,000 --}— Utility $120,000,000 $105,000,000 ■ Homestead $90,000,000 $75,000,000 j = Commercial $60,000,000 r- $45,000,000 --�— All Other $30,000,000 $15,000,000 a $0 I I I 1989/1990 1990/1991 1991/1992 199211993 1993/1994 1. Public Utility Property: The market value of public utility v -v pr ,-Ly is established by the State Department of Revenue rather than the local County Assessor. These values decreased by $8,896,900 or 10.0% over the past four years. Most of this decrease occurred in 1990/91 because of a change in methodology used by the State rather than by any actual market value decline. Public Utility property represented 45.2% of the City's 1989/90 market value tax base and 38.9% for 1993/94. Such property is "depreciated" for property tax purposes. Accordingly, the City can expect further declines in such values. To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 3 2. Commercial Property: The market value of commercial property increased by $7,561,300 or 28.7% over the past four years. However, over half of this increase ($4,929,400 or 20.8% of the 1989/90 total commercial value) relates to the St. Croix Mall which is T.I.F. designated property. As such, the T.I.F. increase does not effect the City's regular tax base. 3. Homestead Property: The market value of homestead property increased by $16,252,300 or 26.7% over the past four years. A major portion of this increase was probably the result of: (1) Swager's 9th Addition; (2) Valley Point 2nd Addition; and, (3) River Hills 1 st Addition. On a market value basis; Homestead Property has increased from 31.0% of the 1989/90 total to 37.6% of the 1993/94 total. If this trend continues, Homestead Property will be the largest single class of the City's market value tax base by 1994/95. 4. Apartment (National Housing Act) Property: The market value of apartment (National Housing Act) property eliminated $3,940,200 from the City's tax base starting with the 1991/92 tax year. This property (one parcel - Raymie Johnson) was transferred to the Washington County HRA in 1991. This property (a senior and multi- family rental housing facility) no longer pays property taxes. Such taxes totaled $101,215 for 1990/91. Payments in lieu of tax were $18,305 for 1992 and $37,012 for 1993. The City's portions of these payments are $3,090 and $6,301 respectively for 1992 and 1993. 5. Apartment Property: The market value of apartment property decreased by $2,180,900 or 13.5% over the past four years. A major portion of this decrease ($1,479,300 over the past four years) relates to one parcel- -the Oak Ridge Apartment facility. This decrease was the result of court stipulations. Most of the remaining decrease was the result of general economic factors relating to apartment property including the relatively high level of property taxation mandated by the State. To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 4 TAX CAPACITY VALUES The City's actual tax base is measured by 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 4.60 of market for 1993/94 representing a 9.1 % reduction from a factor of 5.06% from 1989/90. Alternately, homestead property has a three -tier factor formula as follows: Ratios/factors Tier/Market Value 1989/90 1993/94 1st $72,000 1.0% 1.0% $72,000 to $115,000 2.0% 2.0% Over $115,000 3.0% 2.0% The above tax capacity ratios/factors are designed to limit property taxes on selected property classifications (i.e. homestead, farm, etc.). Homestead property (valued $72,000 or less) is given the lowest tax capacity factor of i %. This means in theory that homestead property valued at $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 4.60%. Accordingly in theory public utility property and industrial/commercial property will pay annual property taxes equal to 4.60 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 Citv has no control over this process. ` To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 5 The total tax capacity value (T.C.V.) of the City's tax base is $6,473,793 for 1993/'94 representing a $641,296 or 9.0% decrease over the past four years. The following schedule details this change by the various property classifications: Four Year 1989/90 1993/94 lncreasa(Decrease) Property Classification Amount % Amount % Amount % Utility $4,492,661 63.1% $3,678,187 56.8% ($814,474) (18.1%) Commercial 1,250,376 17.6% 1,479,695 22.9% 229,319 18.3% Homestead 735,166 10.3% 914,639 14.1% 179,473 (24.4 %) Seasonal Residential 12,787 0.2% 7,497 0.1% (5,290) (41.4 %) Apartment - NHA 93,868 1.3% 0 0.0% (93,868) (100.0 %) Apartment - (1- 3 Units) 248,300 3.5% 166,750 2.6% (81,550) (32.8 %) Apartment - (4+ Units) 281,931 4.0% 227,025 3.590 54 906 (19.5%) Totals $7,115,089 100.1% $6,473,793 100.0% — ($641,296) (9.0 %) A graphic illustration of the City's tax capacity value tax base over the past four years is presented in Graphic B (attached hereto) and is shown below: $7,500,000 $7,000,000 $6,500,000 M - 0 $6,000,000 — 3 Total $5,500,000 $5,000,000 --E} -- utility $4,500,000 a $4,000,000 $3,500,000 fl Commercial $3,000,000 $2,500,000 • Homestead $2,000,000 $1,500,000 , A All Other $1,000,000 s $500,000 s $0 i 1 1 i 1989/1990 1990/1991 1991/1992 1992/1993 1993 /1994 Proposed To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 6 Tax capacity values are a product of. (1) property market values; and (2) State mandated tax capacity ratios/factors. Market value increases/decreases have corresponding effects on tax capacity values. The second (and most important) element affecting the City's tax base is the state mandated tax capacity ratios/factors. Such ratios have changed substantially over the past four years: Tax Capacity Ratios/factors Property Classification 1989/90 1993/94 Amount % Public Utility 5.06% 4.60% (0.46%) (9.1%) Industrial/Commercial 1st Tier 3.30% 3.00% (0.30 (9.190) 2nd Tier 5.06% 4.60% (0.3690) (9.190) Homestead 1st Tier 1.00% 1.00% 2nd Tier 2.00% 2.00% 3rd Tier 3.00% 2.00% (1.00 %) (33.3 %) Apartment 1 - 3 Units 3.00% 2.30% (0.70%) (23.3 %) 4+ Units 3.60% 3.40% (0.20 %) (5.6 %) Total City - Composite 3.62% 3.15% (0.47 %) (12.9 %) The above schedule of tax capacity ratios/factors for 1989/90 and 1993/94 is indicative of the major cause of decrease to the City's tax base. The State uses these tax capacity ratios/factors as a method of allocating property taxes amongst the various classifications. Prior to 1989/90, homestead property was always "protected" from major property tax increases by relatively low assessed value/tax capacity value ratios/factors. This resulted in shifting the greater portion of tax increases toward non - homestead property. Over the years, this shift became too great and the State began a policy of reducing the tax capacity ratios/factors (i.e. tax increase) for non - homestead r •.,p,. q. The net effect has been a re- distribution of property taxes and a depletion of the City's tax base. The City of Oak Park Heights was especially affected by this process because of its high level of public utility property. To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 7 The net effect of this action by the State is a depletion of the City's real tax base (i.e. Tax Capacity Values) and an "erroneous" increase in the City's actual tax rate. County and School District tax rates are similarly effected by this State action. The following schedule summarizes and details the decreased Citv tax base as to market value changes and tax capacity ratios /factors changes over the past four years: Tax Capacity Values/Real Tax Base Market Value Ratio/Factor Changes Changes Totals Property Classification Amount % Amount % Amount % Utility ($449,800) (10.0 %) ($364,700) (8.1 %) ($814,500) (18.1 %) Commercial 358,300 28.7% (129,000) (10.3 %) 229,300 18.3% Homestead 196,300 26.7% (16,800) (2.3 %) 179,500 24.4% Seasonal Residential (4,000) (31.4%) (1,300) (10.0 %) (5,300) (41.4 %) Apartment - NHA (90,300) (96.1%) (3,600) (3.9 %) (93,900) (100.0%) Apartment - (1- 3 Units) (30,800) (12A%) (50,700) (20.4%) (81,500) (32.8%) Apartment - (4+ Units) 541,500) (14.7 %) C13,400) (4.7 %) (54,900) (19.5 %) Totals ($61,800) (0.9 %) ($579300) (8.1 %) ($641,300) (9.0 %) As clearly shown above, the City's tax base (i.e., overall tax capacity value) decreased by $641,300 or 9.0% over the past four years. This decrease happened in spite of a $8,809,900 or 4.5% increase to the market value of the City's tax base. The major cause of this decrease was actions of the Minnesota Legislature rather than changes to valuations of taxable property. Tax capacity rates/factor changes are responsible for $579,500 or 90% of the decrease to the City's tax base over the past four years as shown above. Such actions can be viewed as a depletion of the Citv's tax base. This change has the effect of increasing the City's tax rate without an actual City tax increase. Graphic illustrations of market value changes versus tax capacity value changes (by property type) are presented in Graphics C -1 through C -6 attached hereto. To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 8 TAX CAPACITY RATE Since 1989/90 (the first year of net tax capacity rates), the City's tax rate has increased by 22.3% as compared to an 11.7% increase in certified tax levies over the same period. The following schedule details both tax levies and tax rates by year compared to the consumer price index (CPI - U) measured at October of each year: Tax Levy Tax Rate Year Amount Change TCR Change CPI - U 1989/90 $1,205,556 18.011% 1990/91 1,199,554 (0.5 %) 18.620% 3.4% 6.3% 1991/92 1,199,554 0.0% 19.463% 4.3% 2.9% 1992/93 1,302,310 8.6% 21.754% 11.8% 3.2% 1993/94 1,347,115 3.4% 22.025% 1.2% 2.8% As clearly shown above, the City's certified tax levy increased from $1,205,556 for 1989/90 to $1,347,115 for 1993/94 representing a $141,559 or 11.7% increase over a four year period. Cost of living increases (CPI -U) for the four year period ending October, 1993 was 16.0%. Alternatively, the City's tax rate has increased by 22.3% over the same four year period. A major portion of this increase was the result of state actions rather than City actions, as follows: Tax Levy Change Tax Rate Change Description Amount % TCR % 1. Tax Levy Increases: - Inflation/Growth $141,559 11.7% 2.107 11.7% 2. Market Value Decreases N/A 0.162 0.9% 3. Formula (Ratios/Factors) Changes N/A 1.459 8.1% 4. Fiscal Disparity Net Effect N/A 0.450 2.5% 5. Tax Increment N/A 0.450 2.5% 6. All Other - Net N/A (0.614) (3.4 %) TOTAL INCREASE (1989/90 - 1993/94) $141,559 11.7% 4.014 22.3% f To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 9 As clearly shown above, a major portion (approximately 50%) of the tax rate increasg over the past four years was the result of State action rather than City action. The City's tax capacity rate was 18.011 for 1989/90 as compared to a County average of 21.200 (for Cities over 2,500 population) for the same year. The City's tax capacity rate is proposed to be 22.025 for 1993/94 as compared to a County average of 24.740 (for Cities over 2,500 population) for the same year. Accordingly, the State has had similar effect upon most Cities in Washington County. FISCAL DISPARITY There is another factor which has a negative impact on the City's tax base - fiscal disparities. The attached Schedule 5 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 - Net Tax Base 1988/89 ($170,101) 2.3% 1989/90 (297,342) 4.2% 1990/91 (481,065) 7.1% 1991/92 (416,441) 6.2% 1992/93 (478,802) 7.4% 1993/94 (472,488) 7.2% To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 10 TAX INCREMENT FINANCING During 1990, the City approved its first tax increment financing (T.I.F.) district to assist in financing the City's St. Croix Mall - T.I.F. Project(s). This project decreased the City's 1990/91 through 1993/94 tax base as follows: Year Amount Percent 1990/'91 -- Actual $56,853 0.80 1991/92 -- Actual 207,380 3.1% 1992/93 -- Actual 194,989 3.0% 1993/94 -- Actual 179,570 2.8% Projected ** 1994/95 163,000 2.5% 1995/96 150,200 2.3% 1996/97 136,600 2.1% 1997/98 122,200 1.9% 1998/99 0 0.0% ** 1994 /95 - 1997/98 projected percentages are based upon a total tax base of $6,473,793 (i.e., frozen at the 1993/94 level). I have updated the attached Schedules 1 through 8 from previous reports. This data is used by my office for other analytical purposes. I thought the information would be of interest to the City Council. To the Honorable Mayor and Members of the City Council City of Oak Park Heights November 19, 1993 Page 11 When this report was last reviewed with the City Council; I was asked to prepare such data with more graphics for the City's annual budget/tax levy meeting. Accordingly, I have added Schedule 9 (Proposed Tax I-evy/ Truth in Taxation Data) and the following graphics: Graphic Description A City Tax Base - Market Value B City Tax Base - Tax Capacity Values Market Values vs. Tax Capacity Values: C -1- City Total C -2 - Public Utility C -3 - Commercial C -4 - Homestead C -5 - Apartments (1 - 3 Units) C -6 - Apartments (4+ Units) D Tax Rate History (with Detail as to Jurisdiction) We will be available to discuss this report with the City Council at the Budget/Tax Levy meeting on November 30, 1993 at 7:00 p.m. If you have any questions, please do not hesitate to call. Yours very truly, TAUTGES, REDPATH & CO., LTD. e: � � � Robert J. Voto, CPA RJV /clg c: LaVonne Wilson Judy Holst City Attorney CITY OF OAK PARK HEIGHTS CITY TAX BASE-OLD BASIS - ASSESSED VALUES SCHEDULE 1 ( INTERIM BASIS -GROSS TAX CAPACITY VALUES-1988/1989 ) 1984/1985 1985/1996 1986/1997 1987/1988 1988/1999 - AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % MARKET VALUES: UTILITY 91,116,007 56.5% 84,033,078 52.1% 87,416,000 51.6% 88,225,000 49.3% 87,242,100 46.9 INDUST. /COM. 13,467,500 8.4% 17,234,100 10.7 18,557,400 11.0% 19,722,500 11.0% 22,334,900 12.0% RESIDENTIAL 49,597,600 30.8 51,581,600 32.0% 54,207,700 32.0% 59,086,600 33.0% 64,251,600 34.6% APART: N H A 3,388,300 2.1% 3,529,700 2.2% 3,943,400 2.3% 3,466,500 1.9% 3,466,500 1.9% APART. -OTHER 3,529,000 2.2% 4,874,000 3.0% 5,022,900 3.0% 8,491,700 4.7% 8,525,600 4.6% OTHER 122,900 0.1% 122,900 0.1% 135,200 0.1% 135,200 0.1% 93,000 0.1% TOTALS 161,22007 100.0% 161,375,378 100.0% 169,282,600 100.0% 179,127,500 100.0% 185,913,700 100.0% INCREASE / DECREASE: UTI= - 7,082,929 -7.8% 3,382,922 4.0% 809,000 0.9% - 982,900 -1.1% INDUST. /COM. 3,766,600 28.0% 1,323,300 7.7% 1,165,100 6.3% 2,612,400 13.2% RESIDENTIAL 1,984,000 4.0 2,626,100 5.1% 4,878,900 9.0% 5,165,000 8.7 APART: N H A 141,400 4.2% 413,700 11.7% - 476,900 -12.1% 0 0.0 APART.-OTHER 045,000 38.1% 148,900 3.1% 3,468,800 69.1% 33,900 0.4 OTHER 0 0.0% 12,300 10.0% 0 0.0% - 42,200 -31.2% TOTALS 154,071 0.1% 7,907,222 4.9% 9,844,900 18% 6,786,200 3.8% 1994/1985 1985/1996 1986/1997 1987/1998 1998/1999 AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % ASSESSED VALUES: GROSS -T. C. V. UTILITY 32,154,792 64.4% 29,707,157 59.5% 30,800,234 59.0% 31,017,497 56.9% 4,119,653 56.6 MUSTJCOM. 5,438,573 10.9 6,986,047 14.0 7,554,022 14.5% 8,066,094 14.8% 1,093,884 15.0% RESIDENTIAL 10,376,502 20.8% 10,767,000 21.6% 11,274,534 21.6% 11,812,022 21.7% 1,619,412 22.3% APART: N H A 710,504 1.4% 747,548 1.5% 854,382 1.6% 737,092 1.4% 91,668 1.3% APART.-OTHER 1,199,860 2.4% 1,657,160 3.3% 1,707,786 3.3% 2,887,178 5.3% 349,551 4.8% OTHER 23,351 0.0 22,122 0.0% 24,336 0.0% 24,336 0.0% 2,093 0.0% TOTALS 49,903,582 100.0% 49,887,034 100.0% 52,215,294 100.0% 54,544,219 100.0% 7,276,261 100.0% INCREASE / DECREASE: UTILITY - 2,447,635 -7.6% 1,093,077 3.7% 217,263 0.7% N / A INDUST. /COM. 1,547,474 28.5% 567,975 8.1% 512,072 6.8% RESIDENTIAL 390,498 3.8 507,534 4.7% 537,488 4.8% GROSS TAX APART. -N H A 37,044 5.2% 106,834 14.3% - 117,290 -13.7% CAPACITY APART.-OTHER 457,300 38.1% 50,626 3.1% 1,179,392 69.1% VALUES OTHER -1,229 -5.3% 2,214 10.0% 0 0.0% TOTALS - 16,548 0.0% 2,328,260 4.7% 2,328,925 4.5% TR Co 11/18/93 10:52 AM Page 1 TAX- BASE.XLS CITY OF OAK PARK HEIGHTS CITY TAX BASE -NEW BASIS -TAX CAPACITY VALUES SCHEDULE 2 PROPOSED 1999/1990 1990/1991 1991 / 1992 1992/1993 1993/1994 MARKET VALUES: AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % UTILITY 88,857,300 45.2% 82,080,500 41.9% 81,018,200 40.5% 80,358,500 40.2% 79,960,400 38.9% COMMERCIAL 26,385,900 13.4% 28,500,900 14.6% 32,788,600 16.4 31,916,400 16.0 33,947,200 16.5% HOMESTEAD 60,872,600 31.0% 65,427,800 33.4 70,224,900 35.1% 72,258,400 36.1% 77,124,900 37.6% SEASONAL RESID. 532,800 0.3% 540,700 0.3% 494,600 0.2% 434,600 0.2% 365,400 0.2% APART. ( 1 -3 UNITS) 8,276,700 4.2% 8,109,000 4.1% 8,516,800 4.3% 8,437,400 4.2% 7,250,000 3.5% APART. (N H A) 3,758,500 1.9 3,940,200 2.0% 0 0.0 0 0.0% 0 0.0% APART. (4+ UNITS) 7,831,400 4.0% 7,208,500 3.7 7,030,500 3.5% 6,677,200 3.3% 6,677,200 3.3% TOTALS 196,515,200 100.0 195,807,600 100.0% 200,073,600 100.0 200,082,500 100.0% 205,325,100 100.0% INCREASE / DECREASE: UTILITY 1,615,200 1.9 - 6,776,800 -7.6% - 1,062,300 -1.3% - 659,700 -0.8% - 398,100 -0.5% COMMERCIAL 1,253,800 5.0 2,115,000 8.096 4,287,700 15.0% - 872,200 -2.7% 2,030,800 6.4% HOMESTEAD 7,631,800 14.3% 4,555,200 7.5% 4,797,100 7.3% 2,033,500 2.9% 4,866,500 6.7% SEASONAL RESID. 327,700 159.8% 7,900 1.5% - 46,100 -8.5% - 60,000 - 12.1% -09,200 - 15,996 APART. ( 1 -3 UNITS) 175,200 2.2% - 167,700 - 2.0 407,800 5.0% - 79,400 -0.9 - 1,187,400 -14.1% APART. (N H A) 292,000 8.4% 181,700 4.8 - 3,940,200 - 100.0 0 0 APART. (4+ UNITS) - 694,200 -8.1% - 622,900 -8.0% - 178,000 -2.5% - 353,300 -5.0 0 0.0% TOTALS 10,601,500 5.7% - 707,600 -0.4% 4,266,000 2.2% 8,900 0.0% 5,242,600 2.6% PROPOSED 1989/1990 1990/1991 1991/1992 1992/1993 1993/1994 TAX CAPACITY VALUES: AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % UTILITY 4,492,661 63.1% 4,062,983 59.8% 3,848,365 57.8% 3,776,849 58.2% 3,678,187 56.8% COMMERCIAL 1,250,376 17.6% 1,327,326 19.5% 1,48064 22.3% 1,416,679 21.8% 1,479,695 22.9% HOMESTEAD 735,166 10.3% 796,234 11.7 831,842 12.5% 847,953 13.1% 914,639 14.1% SEASONAL RESID. 12,787 0.2% 12,436 0.2% 10,881 0.2% 8,881 0.1% 7,497 0.1% APART. (1 -3 UNITS) 248,300 3.5% 243,271 3.6% 238,471 3.6% 210,934 3.3% 166,750 2.6% APART. (N H A) 93,868 1.3% 94,785 1.4 0 0.0 0 0.0% 0 0.0% APART. (4+ UNITS) 281,931 4.0 259,506 3.8% 246,070 3.7 227,025 3.5% 227,025 3.5% TOTALS 7,115,089 100.0% 6,796,541 100.0% 6,656993 100.0% 6,488,321 100.0% 6,473,793 100.0% INCREASE / DECREASE: UTILITY 373,008 9.1% - 429,678 -9.6% - 214,618 -5.3% - 71,516 -1.9 - 98,662 -2.6% COMMERCIAL 9,639 0.8% 76,950 6.2% 154,038 11.6% - 64,685 -4.4% 63,016 4.4% HOMESTEAD - 451,215 - 38.0% 61,068 8.3% 35,608 4.5% 16,111 1.9 66,686 7.9% SEASONAL RESID. 8,070 171.1% -351 -2.7 -1,555 - 12.5% -2,000 -18.4% -1,384 -15.6% APART. ( 1 -3 UNITS) - 35,254 - 12.4% -5,029 -2.0% -4,800 -2.0% - 27,537 - 11.5 % - 44,184 -20.9% APART. (N H A) 2,200 2.4% 917 1.0% - 94,785 - 100.0% 0 0 APART. (4+ UNITS) - 67,620 - 19.3% - 22,425 -8.0 - 13,436 -5.2% - 19,045 -7.7 0 0.0% TOTALS - 161,172 -2.2% - 318,548 4.5% - 139,548 -2.1% - 168,672 -2.5% - 14,528 -0.2% TR Co 11/18/93 10:52 AM Page 2 TAX- BASE.XLS CITY OF OAK PARK HEIGHTS CITY TAX BASE -TAX CAPACITY RATIOS / FACTORS SCHEDULE 3 % PROPOSED CHANGE TYPE OF PROPERTY 1989/1990 1990/1991 1991/1992 1992/1993 1993/1994 ( 4 YRS. ) UTILITY PROPERTY: CITY ACTUAL-COMPOSITE, 5.06% 4.95% ' 4.75% ' 4.70% 1 4.60% , -9.0 %j COMMERCIAL: 1ST. $100,000 3.30'/6 3.20% 3.10% 3.00% 3.00% -9.1% OVER $100,000 5.06'/0 4.95% 4.75% 4.70% 4.60% -9.1% CITY ACTUAL-COMPOSITE 4.74% 4.66% 4.52% 4.44% ' 436% 48.0'/01 HOMESTEAD: HOMESTEAD -1 ST. TIER 1.00'/0 1.00% 1.00% 1.00% 1.00% 0.0'/0 HOMESTEAD -2 ND. TIER 2.00% 2.00% 2.00% 2.00% 2.00% 0.0% HOMESTEAD -3 RD. TIER 3.00 3.00% 2.50% 2.00% 2.00% -33.3% CITY ACTUAL - COMPOSITE 1.21% 1.22% 1.18% 1.17% 1.19'/6 SEASONAL RESIDENTIAL: CITY ACTUAL- COMPOSITE 2.40% 230% ' ' 2.20% 2.04% 2.05% ' - 14.5 %1 APARTMENTS ( 13 UNITS ): CITY ACTUAL - COMPOSITE 3.00% 3.00% 2.80% 2.50% 230% -233 %1 APARTMENTS ( N. H. A. ): CITY ACTUAL - COMPOSITE ' 2.50% 2.41% APARTMENTS ( 4+ UNITS ): CITY ACTUAL - COMPOSITE 3.60% 3.60% 3.50% 3.40% 3.40% -5.6 %1 TOTAL CITY: CITY ACTUAL- COMPOSITE 3.62% ' 3.47% 333% 3.24% , 1 3.15% 1 1 - 12.9 TR Co 11/18/93 10:52 AM Page 3 TAX- BASE.XLS CITY OF OAK PARK HEIGHTS CITY TAX BASE - APARTMENT ( 4 + UNITS) PROPERTY - MARKET VALUES SCHEDULE 4 PROPOSED PARCEL NO./ OWNER 1989/1990 1990 / 1991 1991 / 1992 1992/1993 1993 / 1994 60004 -2050 / GREENBRIER 990,000 990,000 990,000 942,000 942,000 60955 -2050 / OAK PARK ASSOC. 1,821,500 1,821,500 1,821,500 1,656,000 1,656,000 60955 -2110 / F. KALINOFF 133,300 133,300 133,300 125,000 125,000 61100 -2000 / OAKRIDGE 3,200,000 2,300,000 2,300,000 2,451,000 2,451,000 61245 -2025 / C. GARLEY 380,800 380,800 380,800 290,000 290,000 61339 -2650 / L JOHNSON 142,600 119,000 117,000 108,000 108,000 61343 -2550 / G. RASMUSSEN 116,700 116,700 106,000 102,000 102,000 61440 -2100 / F. KALINOFF 189,300 189,300 189,300 166,700 166,700 60140 -2000 / A. BEAUDET 139,500 139,500 139,500 110,000 110,000 60375 -6150 / H. JOHNSON 115,700 115,700 115,700 105,000 105,000 61095 -3100 /J. CORY 0 300,700 0 0 0 61095 -3115 / J. CORY 0 0 135,400 121,500 121,500 61095 -4900 / M. LINQUIST 300,000 300,000 300,000 250,000 250,000 61095 -4950 / TREGO , INC. 150,000 150,000 150,000 125,000 125,000 61095 -4960 / TREGO , INC. 152,000 152,000 152,000 125,000 125,000 TOTALS 7,831,400 7,208,500 7,030,500 6,677,200 6,677,200 DECREASE - 694,200 - 622,900 - 178,000 - 353,300 0 MAJOR CHANGES: GREENBRIER - 133,400 0 0 - 48,000 0 OAK PARK ASSOC. 0 0 0 - 165,000 0 OAKRIDGE - 579,300 - 900,000 0 151,000 0 NEW PROPERTY 0 300,700 - 165,300 0 0 ALL OTHER -NET 18,500 - 23,600 - 12,700 - 291,300 0 TOTALS - 694,200 - 622,900 - 178,000 - 353,300 0 TR Co 11/18/93 10:52 AM Page 4 TAX- BASE.XLS CITY OF OAK PARK HEIGHTS CITY TAX BASE / TAX LEVIES SCHEDULE 5 PROPOSED 1999/1990 1990/1991 1991/1992 1992/1993 1993/1994 DESCRIPTION AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % TAX CAPACITY VALUES: UTILITY 4,492,661 63.1% 4,062,983 59.8 3,848,365 57.8 3,776,849 58.2% 3,678,187 56.8% COMMERCIAL 1,250,376 17.6% 027,326 19.5% 1,481,364 22.3% 1,416,679 21.8% 1,479,695 22.9 HOMESTEAD 735,166 10.3% 796,234 11.7% 831,842 12.5% 847,953 13.1% 914,639 14.1% SEASONAL RESID. 12,787 0.2% 12,436 0.2% 10,881 0.2% 8,881 0.1% 7,497 0.1% APART. ( 1 -3 UNITS) 248,300 3.5% 243,271 3.6% 238,471 3.6 210,934 3.3% 166,750 2.6% APART. (N H A) 93,868 1.3% 94,785 1.4% 0 0.0 0 0.0% 0 0.0 APART. (4+ UNITS) 281,931 4.0:6 259,506 3.8% 246,070 3.7% 227,025 3.5% 227,025 3.5% CITY TOTALS 7,115,089 100.0 6,796,541 100.0% 6,656,993 100.0 6,488,321 100.0% 6,473,793 100.0% FISCAL DISPARITY: CONTRIBUTION - 611,697 -8.6% - 824,162 -12.1% - 706,987 - 10.6% - 782,808 -12.1% - 760,641 - 11.7% DISTRIBUTION 314,355 4.4% 343,097 5.0 290,546 4.4% 304,006 4.7 288,153 4.5% T. I. F. VALUE 0 0.0 - 56,853 -0.8 - 208,027 -3.1% - 194,989 -3.0% - 179,570 -2.8% CITY TAX BASE -NET 6,817,747 95.8 6,258,623 92.1% 6,032,525 90.6% 5,814,530 89.6% 5,821,735 89.9% TAX RATE CALCULATION: CERTIFIED / GROSS LEVY 1,205,556 100.0% 1,199,554 100.0% 1,199,554 100.0 1,302,310 100.0% 1,347,115 100.0 FISCAL DISPARITY DISTRIB. - 45,736 -3.8% - 61,820 -5.2% - 55,182 -4.6% - 58,632 -4.5% - 62,974 -4.7% TAX - REDUCTION STATE AIDS: HACA 0 0.0 - 48,141 -4.0% - 38,187 -3.2% - 55,377 -4.3% - 76,640 -5.7% EQUALIZATION 0 0.0 0 0.0 0 0.0% 0 0.0% 0 0.0 NET / SPREAD TAX LEVIES 1,159,820 96.2% 1,089,593 90.8% 1,106,185 92.2% 1,188,301 91.2% 1,207,501 89.6% TAX CAPACITY RATES: W/ OUT STORM SEWER BONDS 17.409% 17.986% 18.830 21.167 21.434% INCL STORM SEWER BONDS 18.011% 18.620% 19.463% 21.754% 22.025% TR Co 11/18/93 10:56 AM Page 1 TAX- LEVY.XLS CITY OF OAK PARK HEIGHTS TOTAL TAX LEVY / OTHER CITY TAX LEVIES SCHEDULE 6 PROPOSED 1999/1990 1990/1991 1991 / 1992 1992/1993 1993/1994 % DESCRIPTION AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % CHANGE JURISDICTION: CITY 18.011 19.8% 18.620 17.3% 19.463 17.3% 21.754 17.4% 22.025 18.0% 1.2% COUNTY 24.934 27.4% 27.313 25.4% 29.380 26.2% 30.082 24.1% 30.462 24.9% SCHOOL 42.846 47.1% 55.441 51.6% 57.795 51.5% 66.169 53.0 °/0 63.078 51.5% METRO TRANSIT 3.069 3.4% 3.195 3.0% 3.392 3.0'/0 3.694 3.0% 3.959 3.2% OTHER 2.126 2.3% 2.849 2.7% 2.164 1.9°/0 3.225 2.6% 2.960 2.4% TOTAL 90.986 100.0% 107.418 100.0°/0 112.194 100.096 124.924 100.0% 122.484 100.0% ALL COUNTY CITIES: AFTON 14.471 16.216 15.309 16.459 22.834 38.7 BAYPORT 25.284 26.038 26.141 35.368 43.457 22.9% BIRCHWOOD 14.930 15.661 17.111 16.854 17.490 3.8 COTTAGE GROVE 23.298 23.804 24.980 26.458 26.882 1.6% DELLWOOD 12.326 10.592 11.949 11.046 13.485 22.1% FOREST LAKE 23.340 23.360 24.672 24.821 25.631 3.3% HUGO 20.600 20.307 23.442 21.132 22.062 4.4% LAKE ELMO 15.494 15.164 15.761 18.431 19.933 8.1% LAKELAND 13.143 14.738 17.081 16.339 16.859 3.2% LAKELAND SHORES 14.518 15.143 13.878 16.416 17.691 7.9% LAKE ST. CROIX BEACH 20.404 15.897 25.150 23.070 23.923 3.7% LANDFALL 43.765 0.000 26.335 26.333 23.781 -9.7°/0 MAHTOMEDI 22.689 20.840 23.241 21.490 20.528 -4.5% MARINE 28.826 27.279 31.951 29.781 39.504 32.6% NEWPORT 23.074 25.485 22.021 29.196 22.498 - 22.9% OAKDALE 20.550 17.934 21.650 20.395 23.420 14.8% OAK PARK HEIGHTS 1 &011 1 &620 19.463 21.754 22.025 1.2% PINE SPRINGS 3.940 3.853 4.272 5.281 7.394 40.0% ST. MARYS POINT 9.357 9.309 9.128 12.719 16.571 30.3% ST. PAUL PARK 21.102 16.020 20.202 16.794 20.524 22.2% STILLWATER 26.913 27.664 26.861 28.651 29.485 2.9% WILLERNIE 19.976 17.306 21.791 22.736 29.228 28.6% WOODBURY 20.778 19.425 19.993 21.428 22.340 4.3% COUNTY AVERAGE -ALL CITIES 19.860 18.212 20.104 20.998 22.937 9.2% TR Co 11/18/93 10:56 AM Page 2 TAX- LEVY.XLS CITY OF OAK PARK HEIGHTS TOTAL TAX LEVY / OTHER CITY TAX LEVIES SCHEDULE 7 ( OVER 2,500 POPULATION ) PROPOSED 1989/1990 1990/1991 1991/1992 1992/1993 1993/1994 % DESCRIPTION AMOUNT % AMOUNT % AMOUNT % AMOUNT % AMOUNT % CHANGE JURISDICTION: CITY 18.011 19.8% 18.620 17.3% 19.463 17.3% 21.754 17.4% 22.025 18.0% 1.2% COUNTY 24.934 27.4% 27.313 25.4 29.380 26.2% 30.082 24.1% 30.462 24.9% SCHOOL 42.846 47.1% 55.441 51.6% 57.795 51.5% 66.169 53.0% 63.078 51.5% METRO TRANSIT 3.069 3.4% 3.195 3.0% 3.392 3.0 3.694 3.0% 3.959 3.2% OTHER 2.126 2.3% 2.849 2.7% 2.164 1.9% 3.225 2.6% 2.960 2.4% TOTAL 90.986 100.0% 107.418 100.0% 112.194 100.0% 124.924 100.0% 122.484 100.0% INCREASE / DECREASE: CITY 0.609 3.4 9 /o 0.843 4.5% 2.291 11.8% 0.271 1.2% COUNTY 2.379 9.5% 2.067 7.6% 0.702 2.4% 0.380 1.3% SCHOOL 12.595 29.4% 2.354 4.2% 8.374 14.5% - 3.091 -4.7% METRO TRANSIT 0.126 4.1% 0.197 6.2% 0.302 8.9% 0.265 7.2% OTHER 0.723 34.0% -0.685 -24.0% 1.061 49.0% -0.265 -8.2% TOTAL 16.432 18.1'/ 4.776 4.4% 12.730 11.3% -2.440 -2.0% OTHER COUNTY CITIES: ( OVER 2,500 POPULATION) AFTON 14.471 16.216 15.309 16.459 22.834 38.7% BAYPORT 25.284 26.038 26.141 35.368 43.457 22.9% COTTAGE GROVE 23.298 23.804 24.980 26.458 26.882 1.6% FOREST LAKE 23.340 23.360 24.672 24.821 25.631 3.3% HUGO 20.600 20.307 23.442 21.132 22.062 4.4% LAKE ELMO 15.494 15.164 15.761 18.431 19.933 8.1% MAHTOMEDI 22.689 20.840 23.241 21.490 20.528 -4.5% NEWPORT 23.074 25.485 22.021 29.196 22.498 -22.9% OAKDALE 20.550 17.934 21.650 20.395 23.420 14.8% OAK PARK HEIGHTS 1 &011 18.620 19.463 21.754 22.025 1.2% ST. PAUL PARK 21.102 16.020 20.202 16.794 20.524 22.2% STILLWATER 26.913 27.664 26.861 28.651 29.485 2.9% WOODBURY 20.778 19.425 19.993 21.428 22.340 4.3% COUNTY AVERAGE - CITIES OVER 2,500 POPULATION 21.200 20.837 21.826 23.260 24.740 6.4% TR Co 11/18/93 10:56 AM Page 3 TAX- LEVY.XLS I CITY OF OAK PARK HEIGHTS COUNTY HRA / RAYMIE JOHNSON ESTATES SCHEDULE 8 PARCEL # 61200 -2000 PAYMENT IN LIEU OF TAX GROSS NET PAYM T. 1990 /91: YEAR RENTS UTILITIES RENTS " (eb 5 %" MARKET VALUE 3,940,200 1991/92 378,196 12,101 366,095 18,305 TAX CAPACITY 1992/93 770,722 30,477 740,245 37,012 VALUE 94,785 1993/94 0 0 * * * * * * * ** * * * * * * * ** * * * * * * ** * * * * * * * ** * * * * * * * ** * * * * * * * * ** 1991/92 TAX YEAR 1990/91 TAX YEAR NORMAL TAX PAYM T. TAX TAX TAX NORMAL IN LIEU JURISDICTION RATE PAID RATE TAX OF TAX DIFF. CITY 17.986% 17,048 18.830% 17,848 3,090 - 14,758 COUNTY 27.313% 25,889 29.380% 27,848 4,821 - 23,027 SCHOOL ( # 834) 55.441% 52,550 57.795% 54,781 9,483 - 45,298 OTHERS 6.044% 5,729 5.556% 5,266 912 -4,355 TOTALS 106.784 101,215 111.561% 105,743 18,305 - 87,438 1992/93 TAX YEAR NORMAL TAX PAYM T. TAX NORMAL IN LIEU JURISDICTION RATE TAX OF TAX DIFF. CITY 21.167% 20,063 6,301 - 13,762 COUNTY 30.082% 28,513 8,955 - 19,559 SCHOOL ( # 834) 66.169% 62,718 19,697 - 43,021 OTHERS 6.919% 6,558 2,060 -4,499 TOTALS 124.337% 117,853 37,012 - 80,841 TR Co 11/18/93 10:57 AM Page 1 HRA.XLS CITY OF OAK PARK HEIGHTS , MINNESOTA PROPOSED TAX LEVY / TRUTH IN TAXATION DATA -1993 /94 SCHEDULE 9 t ACTUAL PROPOSED TAX RATES: 1992/93 1993/94 CHANGE % CITY 21.754 22.025 0.271 1.2% NOTE: ALL TAX COMPARISONS SHOWN COUNTY 30.082 30.462 0.380 1.3% BELOW, ASSUME NO INCREASE SCHOOL 66.169 63.078 - 3,091 -4.7% IN MARKET VALUES BETWEEN OTHER 6.919 6.919 0.000 0.0 1992/93 AND 1993/94. TOTAL 124.924 122.484 -2.440 -2.0% HOMESTEAD - 572,000 MARKET VALUE HOMESTEAD - $100,000 MARKET VALUE ACTUAL PROPOSED ACTUAL PROPOSED PROPERTY TAXES: 1992/93 1993/94 CHANGE % 1992/93 1993/94 CHANGE % CITY 157 159 2 1.2% 278 282 3 1.2% COUNTY 217 219 3 1.3% 385 390 5 1.3% SCHOOL 476 454 -22 -4.7% 847 807 -40 -4.7% OTHER 50 50 0 0.0 89 89 0 0.0 TOTAL 899 882 -18 -2.0% 1,599 1,568 -31 -2.0% HOMESTEAD - 5150,000 MARKET VALUE HOMESTEAD - 5200,000 MARKET VALUE ACTUAL PROPOSED ACTUAL. PROPOSED PROPERTY TAXES: 1992/93 1993/94 CHANGE % 1992/93 1993/94 CHANGE % CITY 4% 502 6 1.2% 714 722 9 1.2% COUNTY 686 695 9 1.3% 987 999 12 1.3% SCHOOL 1,509 1,438 -70 -4.7% 2,170 2,069 - 101 -4.7% OTHER 158 158 0 0.0% 227 227 0 0.0% TOTAL 2,848 2,793 -56 -2.0% 4,098 4,017 -80 -2.0% COMMERCIAL - 5150,000 MARKET VALUE COMMERCIA"200,000 MARKET VALUE ACTUAL PROPOSED ACTUAL PROPOSED PROPERTY TAXES: 1992/93 1993/94 CHANGE % 1992/93 1993/94 CHANGE % CITY 1,164 1,167 3 0.3% 1,675 1,674 -1 -0.1% COUNTY 1 1,614 5 0.3% 2,316 2,315 -1 -0.1% SCHOOL 3,540 3,343 -197 -5.6% 5,095 4,794 -301 -5.9% OTHER 370 367 -3 -0.9% 533 526 -7 -1.3% TOTAL 6,683 6,492 -192 -2.9 9,619 9,309 -310 -3.2% COMMERCIAL - $1,000,000 MARKET VALUE UTILITY - 51,000,000 MARKET VALUE ACTUAL PROPOSED ACTUAL PROPOSED PROPERTY TAXES: 1992/93 1993/94 CHANGE % 1992/93 1993/94 CHANGE % CITY 9,855 9,779 -75 -0.8 10,224 10,132 -93 -0.9% COUNTY 13,627 13,525 -102 -0.7% 14,139 14,013 -126 -0.9% SCHOOL 29,975 28,007 - 1,968 -6.6% 31,099 29,016 -2,084 -6.7% OTHER 3,134 3,072 -62 -2.0% 3,252 3,183 -69 -2.1% TOTAL 56,591 54,383 -2,208 -3.9% 58,714 56,343 -2,372 -4.0% TR Co 11/18/93 2:16 PM Page 1 LEVY- 94B.XL5 CITY OF OAK PARK HEIGHTS Graphic A CITY TAX BASE - MARKET VALUES 1989/90 1990/91 1991/92 1992/93 Provosed 1993/94 MARKET VALUES: Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Utility 88,857,300 45.2% 82,080,500 41.9% 81,018,200 40.5% 80,358,500 40.2% 79,960,400 38.9% Commercial 26,385,900 13.4% 28,500,900 14.6% 32,788,600 16.4% 31,916,400 16.0% 33,947,200 16.5% Homestead 60,872,600 31.0% 65,427,800 33.4% 70,224,900 35.1% 72,258,400 36.1% 77,124,900 37.6% Seasonal Resid. 532,800 0.3% 540,700 0.3% 494,600 0.2% 434,600 0.2% 365,400 0.2% Apart. (1 -3 Units) 8,276,700 4.2% 8,109,000 4.1% 8,516,800 4.3% 8,437,400 4.2% 7,250,000 3.5% Apart. (N H A) 3,758,500 1.9% 3,940,200 2.0% 0 0.0% 0 0.0% 0 0.0% Apart. (4+ Units) 7,831,400 4.0% 7,208,500 3.7% 7,030,500 3.5% 6,677,200 3.3% 6,677,200 3.3% Total 196,515,200 100.0% 195,807, 100.0% 200,073,600 100.0% 200,082,500 100.0% 205,325,100 100.0% INCREASE/DECREASE: Utility (6,776,800) (7.6 %) (1,062,300) (1.395) (659,700) (0.895) (398,100) (0.5%) Commercial 2,115,000 8.0% 4,287,700 15.0% (872,200) (2.795) 2,030,800 6.4% Homestead 4,555,200 7.5% 4,797,100 7.3% 2,033,500 2.9% 4,866,500 6.7% Seasonal Resid. 7,900 1.5% (46,100) (8.595) (60,000) (12.1%) (69,200) (15.9%) Apart. (1 -3 Units) (167,700) (2.0 %) 407,800 5.0% (79,400) 0.9% (1,187,400) (14.1%) Apart. (N H A) 181,700 4.8% (3,940,200) (100.0%) 0 0 Apart. (4+ Units) (622,900) (8.0%) (178,000) (2.595) (353,300) (5.0%) 0 0.0% Total (707,600) (4.0%) 4.266.000 2.2% 8,900 0.0% 5,242,600 2.6% $210,000,000 13 $195,000,000 $180,000,000 $165,000,000 $150,000,000 �- Total $135,000,000 --�-- Utility $120,000,000 $105,000,000 ■ Homestead $90,000,000 $75,000,000 Q Q g -♦-- Commercial $60,000,000 .� All Other $45,000,000 $30,000,000 ■ $15,000,000 ' -A t $ 1 1 1 1 1989/1990 1990/1991 1991/1992 1992/1993 1993/1994 CITY OF OAK PARK HEIGHTS Graphic B CITY TAX BASE - TAX CAPACITY VALUES 1989/90 1990/91 1991/92 1992 /93 Proposed 1993/94 . TAX CAPACITY VALUES: Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent Utility 4,492,661 63.1% 4,062,983 59.890 3,848,365 57.8% 3,776,849 58.290 3,678,187 56.8% Commercial 1,250,376 17.6% 1,327,326 19.5% 1,481,364 22.3% 1,416,679 21.8% 1,479,695 22.9% Homestead 735,166 10.3% 796,234 11.7% 831,842 12.5% 847,953 13.1% 914,639 14.1% Seasonal Resid. 12,787 0.2% 12,436 0.2% 10,881 0.2% 8,881 0.1% 7,497 0.1% Apart. (1 -3 Units) 248,300 3.5% 243,271 3.6% 238,471 3.6% 210,934 3.3% 166,750 2.6% Apart. (N H A) 93,868 1.3% 94,785 1.4% 0 0.0% 0 0.0% 0 0.0% Apart. (4+ Units) 281,931 4.0% 259,506 3.8% 246,070 3.7% 227,025 3.5% 227,025 3.5% Total 7 1 089 IWO% 6,796,541 100.0% 6,656,993 100.090 6,488,321 100.0% 6,473,193 100.0% INCREASE/DECREASE: Utility (429,678) (9.690) (214,618) (5.390) (71,516) (1.990) (98,662) (2.690) Commercial 76,950 6.2% 154,038 11.6% (64,685) (4.490) 63,016 4.4% Homestead 61,068 8.3% 35,608 4.5% 16,111 1.9% 66,686 7.9% Seasonal Resid. (351) (2.790) (1,555) (12.5%) (2,000) (18.4%) (1,384) (15.6%) Apart. (1 -3 Units) (5,029) (2.090) (4,800) (2.090) (27,537) (11.5%) (44,184) (20.9%) Apart. (N H A) 917 1.0% (94,785) (100.0%) 0 0 Apart. (4+ Units) (22,425) (8.0 %) !13,436) (5.290) 519,045) (7.790) 0 0.0% Total (318,548) (4.590) (139,548) (2.190) (168,672) (2.590) (14,528) (0.290) $7,500,000 $7,000,000 $6,500,000 �' { E3 $6,000,000 $5,500,000 - 3 Total $5,000,000 $4,500,000 �- Utility $4,000,000 _'�"� $3,500,000 Commercial $3,000,000 - Homestead $2,500,000 $ All Other $1,500,000 $1,000,000 $500,000 ,t, i A $0 I i I 1 1989/1990 1990/1991 1991/1992 1992/1993 1993/1994 Proposed CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES CITY TOTALS - ALL PROPERTY Graphic C -1 CITY TOTALS - ALL PROPERTY Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/90 196,515,200 7,115,089 1990/91 195,807,600 (707,600) (0.4%) 6,796,541 (318,548) (4.5%) 1991/92 200,073,600 4,266,000 2.2% 6,656,993 (139,548) (2.19'0) 1992/93 200,082,500 8,900 0.0% 6,488,321 (168,672) (2.5 %) 1993/94 205,325,100 5,242,600 2.6% 6,473,793 (14,528) (0.29'0) Total - 4 Years 8,809,900 4.3% (641,296) (9.995) Market Values Tax Capacity Values $300,000 — "In 1,000's" —.$7,500 $280,000 — —$7,000 $260 ,000 — Q $240,000 — fl —$6,000 $220,000 — —$5,500 $200,000 — ■ ----------- ■----------- ■----------- ■----------- ■ —$5,000 $180,000 — —$4,500 $160,000 — —$4,000 $140,000 — —$3,500 $120,000 — —$3,000 $100,000 — —$2,500 $80,000 — —$2,000 $60,000 — —$1,500 $40,000 — —$1,000 $20,000 — —$500 $0 1 1 1 1 $0 1989/90 1990/91 1991/92 1992/93 1993/94 - --- Market Values --©— Tax Capacity Values CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES PUBLIC UTILITY PROPERTY Graphic C -2 PUBLIC UTILITY PROPERTY Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/90 88,857,300 4,492,661 1990/91 82,080,500 (6,776,800) (7.6 %) 4,062,983 (429,678) (9.6 %) 1991/92 81,018,200 (1,062,300) (1.3%) 3,848,365 (214,618) (5.3 %) 1992/93 80,358,500 (659,700) (0.8%) 3,776,849 (71,516) (1.9 %) 1993/94 79,960,400 (398,100) (0.5 %) 3,678,187 (98,662) . (2.6 %) Total - 4 Years (8,896,900) (10.2 %) (814,474) (19.3 %) Market Values Tax Capacity Values $125,000 -- "In 1,000's" —$4,500 — $4,000 $100,000 — Q � � — $3,500 $75,000 — ----------- ---------- ---- - - - - -- - — $3,000 � —$2,500 $50,000 — — $2,000 — $1,500 $25,000 — —$1,000 — $500 $0 1 1 I I $0 1989/90 1990/91 1991/92 1992/93 1993/94 --- -■ - - - Market Values Tax Capacity Values CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES COMMERCIAL PROPERTY Graphic C -3 COMMERCIAL PROPERTY Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/90 26,385,900 1,250,376 1990/91 28,500,900 2,115,000 8.0% 1,327,326 76,950 6.2% 1991/92 32,788,600 4,287,700 15.0% 1,481,364 154,038 11.6% 1992/93 31,916,400 (872,200) (2.7 %) 1,416,679 (64,685) (4.4 %) 1993/94 33,947,200 2,030,800 6.4% 1,479,695 63,016 4.4% Total - 4 Years 7,561,300 26.8% 229,319 17.8% Market Values "In 1,000's" Tax Capacity Value $50,000 — —$1,500 $45,000 — Q —$1,400 $40,000 — —$1,300 Q —$1,200 $35,000 -- -' -� —$1,100 $30,000 — ---- - ■----- - - - - -- E----- -- $900 $25,000 — ■ - - - - -- - -■- -- — $800 — $700 $20,000 — — $600 $15,000 — — $500 — $400 $10,000 — — $300 $5,000 — — $200 — $100 $0 1 1 1 1 $0 1989/90 1990/91 1991/92 1992/93 1993/94 - - --- Market Values — 0— Tax Capacity Values s CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES HOMESTEAD PROPERTY Graphic C -4 HOMESTEAD PROPERTY Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/90 60,872,600 735,166 1990/91 65,427,800 4,555,200 7.5% 796,234 61,068 8.3% 1991/92 70,224,900 4,797,100 7.3% 831,842 35,608 4.5% 1992/93 72,258,400 2,033,500 2.9% 847,953 16,111 1.9% 1993/94 77,124,900 4,866,500 6.7% 914,639 66,686 7.9% Total - 4 Years 16,252,300 24.4% 179,473 22.6% Market Values Tax Capacity Values $100,000 — "In 1,000's" — $950 $90,000 - 37 fl ^ 1 00 $80,000 - $750 � �--� $70,000 — _40 ------- N-- - - - - -$700 —$650 $60,000 — ■ -- ----- '_�. - - - -- — $ 550 � $50,000 — — $450 $40,000 — _ $ $30,000 — — 300 $20,000 — —$200 —$150 $10,000 — — $100 $ ( I 1 I , $0 1989190 1990/91 1991/92 1992/'93 1993/94 --- 41- - - Market Values Tax Capacity Values CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES APARTMENTS (1- 3 UNITS) PROPERTY Graphic C -5 APARTMENTS (1 - 3 UNITS) Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/90 8,276,700 248,300 1990/91 8,109,000 (167,700) (2.0%) 243,271 (5,029) (2.09'.0) 1991/92 8,516,800 407,800 5.0% 238,471 (4,800) (2.0 1992/93 8,437,400 (79,400) (0.99'0) 210,934 (27,537) (11.5%) 1993/94 7,250,000 (1,187,400) (14.1%) 166,750 (44,184) (20.9%) Total - 4 Years (1,026,700) (12.0%) (81,550) (36.5%) Market Values "In 1,000's" Tax Capacity Values $10,000 — Q $250 $9,000 — - $8,000 — ---- - - - - -- ----- - - - - -- ---- - - - - -- —$200 $7,000 — - •� $6,000 — —$150 $5,000 — $4,000 — —$100 $3,000 — $2,000 — —$50 $1,000 — $0 a I 1 1 1 $0 1989/90 1990/91 1991/92 1992/93 1993/94 --- -0 - - - Market Values --- Tax Capacity Values CITY OF OAK PARK HEIGHTS MARKET VALUES VS. TAX CAPACITY VALUES APARTMENTS (4+ UNITS) PROPERTY Graphic C -6 APARTMENTS (4+ UNITS) PROPERTY Market Values Tax Capacity Values Year Amount Change Percent Amount Change Percent 1989/'90 7,831,400 281,931 1990/91 7,208,500 (622,900) (8.0 %) 259,506 (22,425) (8.0%) 1991/92 7,030,500 (178,000) (2.59'.0) 246,070 (13,436) (5.29'6) 1992/93 6,677,200 (353,300) (5.0%) 227,025 (19,045) (7.79'6) 1993/94 6,677,200 0 0.0% 227,025 0 0.0% Total -4 Years (1,154,200) (15.4 %) (54,906) (20.9%) Market Values Tax Capacity Values $10,000 -- "In 1,000's" —$300 $9,000 — $8,000 — ■ _ — $250 $7,000 — ---- f----------------------- ■ ------------ ■ — $ 200 $6,000 -- $5,000 — — $150 $4,000 — $3,000 — — $100 $2,000 — — $50 $1,000 — $0 I 1 1 1 $0 1989190 1990/91 1991/92 1992/93 1993/94 -' -'■ --- Market Values — o-- Tax Capacity Values CITY OF OAK PARK HEIGHTS Graphic D TAX RATE HISTORY WITH DETAIL AS TO JURISDICTION 1989/90 1990/91 1991/92 1992/93 Proposed 1993/94 Descri ption Amount Percent Amount Percent Amount Percent Amount Percent Amount Percent JUxiaLll- i ION: City 18.011 19.8% 18.620 17.3% 19.463 17.3% 21.754 17.4% 22.025 18.0% County 24.934 27.4% 27.313 25.4% 29.380 26.2% 30.082 24.1% 30.462 24.9% School 42.846 47.1% 55.441 51.6% 57.795 51.5% 66.169 53.0% 63.078 51.5% Metro Transit 3.069 3.4% 3.195 3.0% 3.392 3.0% 3.694 3.0% 3.959 3.2% Other 2.126 2.3% 2.849 2.7% 2.164 1.9% 3.225 2.6% 2.960 2.4% Total 90.986 100.0% 107.418 100.0% 112.194 100.0% 124.924 100.0% 122.484 100.0% INCREASEIDECREASE: City 0.609 3.4% 0.843 4.5% 2.291 11.8% 0.271 1.2% County 2.379 9.5% 2.067 7.6% 0.702 2.4% 0.380 1.3% School 12.595 29.4% 2.354 4.2% 8.374 14.5% (3.091) (4.7%) Metro Transit 0.126 4.1% 0.197 6.2% 0.302 8.9% 0.265 7.2% Other 0.723 34.0% (0.685) (24.0%) 1.061 49.0% (0.265) (8.2%) Total 16.432 18.1% 4.776 4.4% 12.730 11.3% (2.440) (2.0 %) 140.000 - 120.000 - 100.000 - -E3 Total 80.000 - School 60.000 - ,. -E3 County ■�- 40.000 City Q 20.000 ■ ■ ■ 0.000 I I I I 1989/90 1990/91 1991/92 1992/93 1993/94