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ITEM 1 attach_9
City of Otsego Property Taxes Tax Levy Calculations Payable 2016 r Revised: November 17, 2015 Description General Fund Revenues Reserve Levies Fire Reserve Storm Sewer Pavement Management Park Trail Management Capital Equipment Revolving Parks Capital Equipment Subtotal Total Limited Levy Debt Service Levies G.O. Improvement, 2003A G.O. Improvement, 2004A G.O. Improvement, 2006B G.O. Improvement Refunding, 2010E G.O. Improvement Refunding, 20100 + 2011A Subtotal Tax Abatement Levies Grand Total Tax Levy Tax Capacity Change in Tax Capacity Tax Rate Median Value - Residential Home Taxable Market Value Property Taxes - City Portion Only Percentage Increase As Presented Reduced Levy Preliminary Final $ % Final $ % Pay 2013 Pay 2014 Pay 2015 Pay 2016 Pay 2016 Change Change Pay 2016 Change Change 3,213,145 3,273,715 3,319,000 J,529,352 3,529.352 210,352 6.34% 3.509,914 190,914140,000 145,000 145.000.150.000 150,000 5,000 150,000 5,000 57,765 25,000 25,000 25,000 25,000 - 25,000 - 300,000 320,000 320,000 339,200 339.200 19.200 339.200 19,200 25,000 25,000 25,000 25,250 25,250 250 25.250 250 176,000 160.000 160,000 168,000 168,000 8.000 168,000 8,000 25,000 53,000 53,000 54.590 54.590 1,590 54.590 1,590 722,765 728,000 728,000 762,040 762,040 34.0401 4.68% 762,040 34,0401 4.68% 3,935,910 4,001,715 4,047,000 4,291,392 4,291.392 244,392 6.04% 4,271,954 224.954 5.56% 100,000 100,000 - - - - - 75,000 75,000 - - - - - 100,000 100,000 150.000 200,285 410,000 415,000 415,000 5.000 415,000 5,000 200,000 225,000 225,000 26,000 225,000 25,000 425,000 475.285 610,000 640,000 640,000 30,000 4.92% 640,000 30,000 4.92% 17,000 23,000 23,000 _ 88,814 65,814 286.15% 88,814 65,814 286.15% 4,377,910 4,500,000 4.680,000 0, 5,020,206 340,206 7.27% 5,000.7 88 320,768 9,470,288 10,095,765 11,376,427 262,075 13,249,474 13,249,474 nfa 6.60 % 12.69 % 16.58 % 16.46 % 16.46 % 46.228 44.573 41.138 37.854 37.890 37.743 n/a 175.500 185,000 201,8 191,500 191,500 nfa 154,055 164,410 182, 171,495 171,495 Na Is 687 $ 676 $ 692 $ 650 $ 647 n/a -1.50% %.7,7.:A.. -3.93% -4.30% 2016 2015 Taxing Tax Tax Authority Rate Rate City of Otsego 37.890 41.138 Wright County 39.945 40.593 School District 39.233 42.483 Description 2016 2015 Median Value Residential 191,500 185,000 Less: MV Exclusion (20,005) (20,590) Taxable Market Value 171,495 164,410 Tax Capacity 1.715 1,644 2016 2015 Taxing Estimated Estimated Authority Tax Tax Change City of Otsego 650 676 -3.93% Wright County - 685 667 2.64% School District 673 698 -3.67% Total 2,008 2,042 -1.69% Notes (1) - Elk River School District used, as it is the most prominent district. (2) - Does not include market value portion of school district taxes (immaterial). U:\Budget\2016\Tax Levy\Taxes - Ada ms Spread sheet Final Levy