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Tax Capacities and Tax Capacity Rate
City of Golden Valley Tax Capacities and Tax Capacity Rate Concept 2013 2014 2015 2016 2017 Real Estate Tax Capacity $35,727,538 $35,534,286 $37,743,877 $40,191,214 Personal Property Tax Capacity 416,456 413,722 423,575 433,290 TOTAL Gross Tax Capacity 36,143,994 35,948,008 38,167,452 40,624,504 Estimated Fiscal Disparities Contribution (5,460,857) (5,888,222) (5,994,022) (5,880,892) Estimated Tax Increment Tax Capacity (3,275,814) (3,352,209) (20,214) (21,296) Tax Capacity Used for Local Rate $27.407.323 $26.707.577 $32.153.216 $34,722,316 = General Fund Tax Levy $12,216,076 $12,532,160 $13,440,310 $14,452,955 Fire Relief Levy 0 0 0 0 Bonded Debt Tax Levy Certificates of Indebtedness 738,016 761,919 795,861 733,400 Street Improvement Issues 3,688,150 3,841,495 4,015,257 4,326,955 Total Bonded Debt 4,426,166 4,603,414 4,811,118 5,060,355 Tax Abatement Levy 300,000 300,000 300,000 300,000 TOTAL Tax Levy $16,942,242 $17,435,574 $18,551,428 $19,813,310 Estimated Fiscal Disparities Distribution 1,814,079 1,581,037 1,597,631 1,617,771 Previous Years Tax Rate 0.557920 0.582040 0.618390 0.546260 Fiscal Disparity 1,012,111 920,227 987,959 883,724 Local Levy 15,930,131 16,515,347 17,563,469 18,929,586 General Levy 11,486,301 11,870,729 12,724,544 13,808,317 Fire Relief 0 0 0 0 Tax Abatement 282,078 284,166 284,023 286,619 Bonded Debt 4,161,752 4,360,452 4,554,901 4,834,650 Local Levy 15,930,131 16,515,347 17,563,469 18,929,586 Local Tax Rate 58.12% 61.84% 54.62% 54.52% City Tax Rate General Fund 41.910% 41.969% 39.575% 39.768% Fire Relief 0.00% 0.000% 0.00% 0.00% Bonded Debt 15.18% 15.204% 14.17% 13.92% Tax Abatement 1.03% 1.031% 0.88% 0.83% Tax Capacity Rate 58.124% 58,294% 54.624% 54.517% _ Increase in Total Tax Levy 2.91% 6.40% 6.80% Increase in General Fund Levy 2.59% 7.25% 7.53% Increase in Tax Capacity Rate 0.14% -6.15% -0.20% 2