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Tax Capacities and Tax Capacity RateCity of Golden Valley Tax Capacities and Tax Capacity Rate Concept 2010 2011 2012 2013 2014 (1) Real Estate Tax Capacity $42,049,838 $38,371,218 $36,478,494 $35,727,538 Personal Property Tax Capacity 284,789 311,502 320,766 416,456 TOTAL Gross Tax Capacity 42,334,627 38,682,720 36,799,260 36,143,994 Estimated Fiscal Disparities Contribution (6,796,278) (6,220,733) (5,875,187) (5,460,857) Estimated Tax Increment Tax Capacity (3,536,203) (3,227,508) (3,242,617) (3,275,814) Tax Capacity Used for Local Rate 32.002.146 $29234.479 27.681.456 27.407.32 = General Fund Tax Levy $11,996,290 $12,203,835 $11,952,336 $12,218,066 Fire Relief Levy 150,000 66,000 45,000 0 Bonded Debt Tax Levy 0.44% 0.21% 0.15% 0.00% Certificates of Indebtedness 819,320 791,414 752,737 738,016 Street Improvement Issues 2,994,900 3,048,201 3,359,377 3,688,150 Total Bonded Debt 3,814,220 3,839,615 4,112,114 4,426,166 Tax Abatement Levy 367,215 300,000 300,000 300,000 TOTAL Tax Levy $16,327,725 $16,409,450 $16,409,450 $16,944,232 Estimated Fiscal Disparities Distribution 1,969,812 1,864,136 1,819,055 1,814,079 Previous Years Tax Rate 0.459100 0.481960 0.530690 0.557920 Fiscal Disparity 904,341 898,439 965,354 1,012,111 Local Levy 15,423,384 15,511,011 15,444,096 15,932,121 General Levy 11,331,854 11,535,659 11,249,190 11,488,258 Fire Relief 141,692 62,386 42,353 0 Tax Abatement 346,876 283,575 282,351 282,080 Bonded Debt 3,602,963 3,629,391 3,870,202 4,161,783 Local Levy 15,423,384 15,511,011 15,444,096 15,932,121 Local Tax Rate 48.19% 53.06% 55.79% 58.13% City Tax Rate General Fund 35.410% 39.459% 40.638% 41.917% Fire Relief 0.44% 0.21% 0.15% 0.00% Bonded Debt 11.26% 12.41% 13.98% 15.18% Tax Abatement 1.08% 0.97% 1.02% 1.03% Tax Capacity Rate 48.195% 53.057-O 55.792% 5B -131 0k _ Increase in Total Tax Levy 1.26% 1.26% 0.00% 3.26% "Estimates for fiscal disparities are used until late summer. (1) Taxable Market Values for 2014 are unknown until March 2013. 2