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Tax Capacities and Tax Capacity Rate City of Golden Valley Tax Capacities and Tax Capacity Rate Concept 2011 2072 2013 2014 2015(1) Real Estate Tax Capacity $38,371,218 $36,478,494 $35,727,538 $35,542,929 Personal Property Tax Capacity 311,502 320,766 416,456 413,722 * TOTAL Gross Tax Capacity 38,682,720 36,799,260 36,143,994 35,956,651 Estimated Fiscal Disparities Contribution (6,220,733) (5,875,187) (5,460,857) (5,888,222) Estimated Tax Increment Tax Capacity (3,227,508) (3,242,617) (3,275,814) (3,352,209) Tax Capacity Used for Local Rate 29.234.479 27.681.456 27.407.323 26.716220 _ General Fund Tax Levy $12,203,835 $11,952,336 $12,218,066 $12,532,160 Fire Relief Levy 66,000 45,000 0 0 Bonded Debt Tax Levy Certificates of Indebtedness 791,414 752,737 738,016 761,919 Street Improvement Issues 3,048,201 3,359,377 3,688,150 3,841,495 Total Bonded Debt 3,839,615 4,112,114 4,426,166 4,603,414 Tax Abatement Levy 300,000 300,000 300,000 300,000 TOTAL Tax Levy $16,409,450 $16,409,450 $16,944,232 $17,435,574 Estimated Fiscal Disparities Distribution 1,864,136 1,819,055 1,814,079 1,581,037 ' Previous Years Tax Rate 0.481960 0.530690 0.557920 0.582040 Fiscal Disparity 898,439 965,354 1,012,111 920,227 Local Levy 15,511,011 15,444,096 15,932,121 16,515,347 General Levy 11,535,659 11,249,190 11,488,258 11,870,729 Fire Relief 62,386 42,353 0 0 Tax Abatement 283,575 282,351 282,080 284,166 Bonded Debt 3,629,391 3,870,202 4,161,783 4,360,452 Local Levy 15,511,011 15,444,096 15,932,121 16,515,347 Local Tax Rate 53.06°/a 55.79% 58.13% 61.82% City Tax Rate General Fund 39.459% 40.638% 41.917% 44.433% Fire Relief 0.21% 0.15% 0.00% 0.00% Bonded Debt 12.41% 13.98% 15.18% 16.32% Tax Abatement 0.97% 1.02% 1.03% 1.06% Tax Capacity Rate 53.057% 55.792% 58.131% 61.818% _ Increase in Total Tax Levy 1.26% 0.00% 3.26% 2.90% *Estimates for fiscal disparities are used until late summer. (1) Taxable Market Values for 2014 are unknown until March 2013. 2