Loading...
HomeMy WebLinkAboutCity Council Presentation 11-29-95 City of Oak Park Heights, Minnesota City Council Presentation November 29, 1995 A. Calculation of 1996 Tax Capacity Rate B. History of Tax Levies, Tax Capacity and Tax Capacity Rates C. Comparison to Other Washington County Cities D. Calculation of 1996 Proposed Taxes Schedule 1 CITY OF OAK PARK HEIGHTS, MINNESOTA Calculation of 1996 Tax Capacity Rate I. Tax Capacity Rate Calculation Net Tax Taxable Tax Levy Value Rate Total City $1,303,137 _ $ 5,636,360 = 23.120 Storm Sewer District $22,725 $ 3,580,287 = 0.635 Storm Sewer Total District City II. Taxable Value Calculation Tax Capacity Value Real Estate $ 4,118,558 $ 6,417,630 Personal Property 129,330 Subtotal 4,118,558 6,546,960 Deductions Tax Increment (155,088) Fiscal Disparity Contribution (538,271) (755,512) Taxable Value for Local Tax Rate $ 3,580,287 $ 5,636,360 Ill. Net Tax Levy Calculation Gross Tax Levy General $0 $1,434,615 Debt 25,000 0 Subtotal 25,000 1,434,615 Less HACA (1,160) (67,070) Subtotal 23,840 1,367,545 Less Fiscal Disparity Distribution (1,115) (64,408) Net Tax Levy $22,725 $1,303,137 Tautges Redpath 11/28/95 96BUD.XLS Schedule 2 CITY OF OAK PARK HEIGHTS, MINNESOTA Class Rates for Selected Property Classifications Property Classification 1991 1992 1993 1994 1995 1996 Class 1: Homestead: 1 st tier 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 2nd tier 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 3rd tier 3.00% 2.50% 2.00% 2.00% 2.00% 2.00% Class 3: Commercial /Industrial: 1st $100,000 3.20% 3.10% 3.00% 3.00% 3.00% 3.00% over $100,000 4.95% 4.75% 4.70% 4.60% 4.60% 4.60% Utility 4.95% 4.75% 4.70% 4.60% 4.60% 4.60% Class 4: Residential - 4 or more units 3.60% 3.50% 3.40% 3.40% 3.40% 3.40% Residential - 1 to 3 units 3.00% 2.80% 2.50% 2.30% 2.30% 2.30% Tautges Redpath 11/28/95 96BUD.XLS Schedule 3 CITY OF OAK PARK HEIGHTS, MINNESOTA History of Tax Levies, Tax Capacity and Tax Capacity Rates Tax Levy Percent Year General Debt Total Increase 1990 $ 1,156, 993 $ 20,000 $1,176,993 1991 1,063,497 62,000 1,125,497 -4.4% 1992 1,117,312 17,393 1,134,705 0.8% 1993 1,223,952 0 1,223,952 7.9% 1994 1,244,884 470 1,245,354 1.7% 1995 1,329,370 0 1,329,370 6.7% 1996 1,367,545 0 1,367,545 2.9% Tax Market Tax Capacity Year Value Capacity Rate 1990 $196,515,200 1 7,115,089 17.409 1991 195,807,600 6,796,541 17.986 1992 200,073,600 6,656,993 18.830 1993 200,082,500 6,491,360 21.167 1994 205,325,100 6,465,897 21.411 1995 208,650,900 6,469,635 23.122 1996 214,025,000 6,546,960 23.120 (1) Net of HACA, excludes Storm Sewer District (2) Before adjustment for tax increment and fiscal disparity Tautges Redpath 11/29/95 96BUD.XLS Schedule 4 CITY OF OAK PARK HEIGHTS, MINNESOTA Comparison of 1996 Proposed Tax Levy with Other Selected Cities Washington County Oak Park Lake Average Heights Stillwater Bayport Elmo (over 2,500) TAX RATES: City 23.120 35.162 41.390 20.875 27.674 County - Regular 27.320 27.320 27.320 27.320 27.320 County - Library 2.307 0.000 0.000 2.307 2.307 ISD #834 65.457 65.457 65.457 65.457 65.457 Other 5.340 5.340 5.340 9.866 5.340 Totals 123.544 133.279 139.507 125.825 128.098 TAX DOLLARS: ") City $ 295.94 $ 450.07 $ 529.79 $ 267.20 $ 354.23 County - Regular 349.70 349.70 349.70 349.70 349.70 County - Library 29.53 0.00 0.00 29.53 29.53 ISD #834 837.85 837.85 837.85 837.85 837.85 Other 68.35 68.35 68.35 126.28 68.35 Totals $ 1,581.37 $ 1,705.97 $ 1,785.69 $ 1,610.56 $ 1,639.66 (1) assuming a homestead property with a market value of $100,000 Tautges Redpath 11/28/95 96BUD.XLS Schedule 5 CITY OF OAK PARK HEIGHTS, MINNESOTA Calculation of 1996 Proposed Taxes Actual Proposed Increase /(Decrease) 1995 1996 Amount Percent TAX RATES: City 23.122 23.120 (0.002) 0.0% County 30.618 29.627 (0.991) -3.2% ISD #834 67.465 65.457 (2.008) -3.0% Other 5.644 5.340 (0.304) -5.4% Total 126.849 123.544 (3.305) -2.6% k HOMESTEAD -1995 MARKET VALUE OF $ :85;000:1 1 HOMESTEAD •.4995 MARKET VALUE OF $ ; 15,000:1 Actual Proposed Increase /(Decrease) Actual Proposed Increase /(Decrease) 1995 1996 (2) Amount Percent 1995 1996 Amount Percent TAX DOLLARS: City $ 226.60 $ 226.58 $ (0.02) 0.0% $ 226.60 $ 245.83 $ 19.23 8.5% County 300.06 290.34 (9.72) -3.2% 300.06 315.02 14.96 5.0% ISD #834 661.16 641.48 (19.68) -3.0% 661.16 696.00 34.84 5.3% Other 55.31 52.33 (2.98) -5.4% 55.31 56.78 1.47 2.7% Total $ 1,243.13 $ 1,210.73 $ (32.40) -2.6% $ 1,243.13 $ 1,313.63 $ 70.50 5.7% HOMESTEAD -1995 MARKET VALUE. OF,.:: $ .125;000 HOMESTEAD. -1995 MARKET VALUE OF , $;::150;000': Actual Proposed Increase /(Decrease) Actual Proposed Increase /(Decrease) 1995 1996 Amount Percent 1995 1996 Amount Percent TAX DOLLARS: City $ 411.57 $ 439.86 $ 28.29 6.9% $ 527.18 $ 561.12 $ 33.94 6.4% County 545.00 563.65 18.65 3.4% 698.09 719.05 20.96 3.0% ISD #834 1,200.88 1,245.32 44.44 3.7% 1,538.20 1,588.64 50.44 3.3% Other 100.46 101.59 1.13 1.1% 128.68 129.60 0.92 0.7% Total $ 2,257.91 $ 2,350.42 $ 92.51 4.1% $ 2,892.15 $ 2,998.41 $ 106.26 3.7% .COMMERCIAL : MARKET: VALUE OF . $ 150,0001 1 COMMERCIAL.- MARKET.VALUE OF :: -; S ::> 200.000 1 Actual Proposed Increase /(Decrease) Actual Proposed Increase /(Decrease) 1995 1996 Amount Percent 1995 1996 Amount Percent TAX DOLLARS: City $ 1,225.47 $ 1,225.36 $ (0.11) 0.0% $ 1,757.27 $ 1,757.12 $ (0.15) 0.0% County 1,622.75 1,570.23 (52.52) -3.2% 2,326.97 2,251.65 (75.32) -3.2% ISD #834 3,575.65 3,469.22 (106.43) -3.0% 5,127.34 4,974.73 (152.61) -3.0% Other 299.13 283.02 (16.11) -5.4% 428.94 405.84 (23.10) -5.4% Total $ 6,723.00 $ 6,547.83 $ (175.17) -2.6% $ 9,640.52 $ 9,389.34 $ (251.18) -2.6% COMMERCIAL - MARKET VALUE OF $1,000,000 Actual Proposed Increase /(Decrease) 1995 1996 Amount Percent TAX DOLLARS: City $10,266.17 $10,265.28 $ (0.89) 0.0% County 13,594.39 13,154.39 (440.00) -3.2% ISD #834 29,954.46 29,062.91 (891.55) -3.0% Other 2,505.94 2,370.96 (134.98) -5.4% Total $56,320.96 $54,853.54 $ (1,467.42) -2.6% (1) Washington County estimates an average inflationary increase of 4.9% (2) Assumes no change in market value Tautges Redpath 11/28/95 96BUD.XLS