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Tax Capacities and Tax Capacity Rate
City of Golden Valley Tax Capacities and Tax Capacity Rate Concept 2014 2015 2016 2017 2018 Real Estate Tax Capacity 35,534,286 $37,743,877 $40,191,214 $42,882,936 Personal Property Tax Capacity 413,722 423,575 433,290 472,820 TOTAL Gross Tax Capacity 35,948,008 38,167,452 40,624,504 43,355,756 Estimated Fiscal Disparities Contribution 5,888,222) (5,994,022) (5,880,892) (6,636,623) Estimated Tax Increment Tax Capacity 3,352,209) 20,214) 21,296) 21,748) Tax Capacity Used for Local Rate 26.707.577 $32.153.216 $34.722.316 $36.697.385 General Fund Tax Levy 12,532,160 $13,440,310 $14,452,955 $14,998,330 Fire Relief Levy 0 0 0 0 Bonded Debt Tax Levy Certificates of Indebtedness 761,919 795,861 733,400 849,398 Brookview Community Center 1,218,300 Street Improvement Issues 3,841,495 4,015,257 4,326,955 4,465,375 Total Bonded Debt 4,603,414 4,811,118 5,060,355 6,533,073 Tax Abatement Levy 300,000 300,000 300,000 0 TOTAL Tax Levy 17,435,574 $18,551,428 $19,813,310 $21,531,403 Estimated Fiscal Disparities Distribution 1,581,037 1,597,631 1,617,771 1,866,155 Previous Years Tax Rate 0.582040 0.618390 0.546260 0.546260 Fiscal Disparity 920,227 987,959 883,724 1,019,406 Local Levy 16,515,347 17,563,469 18,929,586 20,511,997 General Levy 11,870,729 12,724,544 13,808,317 14,288,233 Fire Relief 0 0 0 0 Tax Abatement 284,166 284,023 286,619 0 Bonded Debt 4,360,452 4,554,901 4,834,650 6,223,764 Local Levy 16,515,347 17,563,469 18,929,586 20,511,997 Local Tax Rate 61.84% 54.62% 54.52% 55.89% City Tax Rate General Fund 44.447% 41.969% 39.768% 38.935% Fire Relief 0.00% 0.000% 0.00% 0.00% Bonded Debt 16.33% 15.204% 13.92% 16.96% Tax Abatement 1.06% 1.031% 0.83% 0.00% Tax Capacity Rate 61.838% 58.204% 54.517% Increase in Total Tax Levy 6.40% 6.80% 8.67% Increase in General Fund Levy 7.25% 7.53% 3.77% Increase in Tax Capacity Rate 5.88% 6.33% 2.53% 2