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Tax Capacities and Tax Capacity Rate
City of Golden Valley Tax Capacities and Tax Capacity Rate CONCEPT 2015 2016 2017 2018 2019 Real Estate Tax Capacity $37,743,877 $40,233,072 $42,748,968 45,482,519 Personal Property Tax Capacity 423,575 433,290 472,820 505,617 TOTAL Gross Tax Capacity 38,167,452 40,666,362 43,221,788 45,988,136 Estimated Fiscal Disparities Contribution (5,994,022) (5,880,892) (6,636,623) (6,748,649) Estimated Tax Increment Tax Capacity (20,214) (21,325) (21,692) (505,295) Tax Capacity Used for Local Rate $32.153.216 $34.764.145 $36.563.473 $38.734.192 = General Fund Tax Levy $13,440,310 $14,452,955 $14,998,330 17,428,460 Fire Relief Levy 0 0 0 0 Bonded Debt Tax Levy Certificates of Indebtedness 795,861 733,400 849,398 0 Brookview Community Center 0 0 1,218,300 1,218,300 Street Improvement Issues 4,015,257 4,326,955 4,465,375 3,773,982 Total Bonded Debt 4,811,118 5,060,355 6,533,073 4,992,282 Tax Abatement Levy 300,000 300,000 0 0 TOTAL Tax Levy $18,551,428 $19,813,310 $21,531,403 $22,420,742 Estimated Fiscal Disparities Distribution 1,597,631 1,617,771 1,866,155 1,899,218 Previous Years Tax Rate 0.618390 0.546260 0.544520 0.561090 Fiscal Disparity 987,959 883,724 1,016,159 1,065,632 Local Levy 17,563,469 18,929,586 20,515,244 21,355,108 General Levy 12,724,544 13,808,317 14,290,495 17,428,460 Fire Relief 0 0 0 0 Tax Abatement 284,023 286,619 0 0 Bonded Debt 4,554,901 4,834,650 6,224,749 4,992,282 Local Levy 17,563,469 18,929,586 20,515,244 22,420,742 Local Tax Rate 54.624% 54.451% 56.109% 55.132% City Tax Rate General Fund 39.575% 39.720% 39.084% 42.856% Fire Relief 0.00% 0.00% 0.00% 0.00% Bonded Debt 14.17% 13.91% 17.02% 12.28% Tax Abatement 0.88% 0.82% 0.00% 0.00% Tax Capacity Rate 54.624% 54-451% 56.109% 55.132% Increase in Total Tax Levy 6.80% 8.67% 4.13% Increase in General Fund Levy 7.53% 3.77% 16.20% Increase in Tax Capacity Rate -0.32% 3.04% -1.74% 2