2003-06-25 CC Packet - Laserfiche WebLink

Home Browse Search

Tax Capacity Rates Tax capacity rates over the past five-assessable/collection years have been as follows: 1998/99 1999/00 2000/01 2001102 2002/03 Tax Tax Tax Tax Tax Levy Year/ Capacity Capacity Capacity Capacity Capacity Collection Year Rates Rates Rates Rates Rates Anoka County 32.265% 30.861 % 28.859% 37.976% 37.714% City of Centerville 48.862 49.184 49.287 69.466 59.363 ISD No. 12, Centennial 64.802 58.230 69.574 37.758t 37.369t NMISD No. 916 .333 .261 .314 .070 .098 Metropolitan Council .886 .824 .779 1.417 1.418 Metro Transit 4.799 4.502 4.575 1.453 1. 740 Metropolitan Mosquito District .340 .334 .310 .476 .551 Rice Creek Watershed .809 .765 .940 1.174 1.208 Anoka County Railroad Authority .474 1.210 1.064 1.393 1.378 Anoka County HRA .893 .944 .920 1.227 1.290 Totals: 154.463 147.115 156.622 152.410 142.129 Tax Levies and Collections. Levy Year/ 1998/ 1999/ 2000/ 2001 Collection Year 1999 2000 2001 2002 Original Gross Tax Levy $866,194 $1,095,001 $1,320,028 $1,480,623 Property Tax Credits2 ( 104,075) ( 110,001) ( 110,028) ( 117,295) Levy Adjustments 2,379 1.230 2,084 983 Net Tax Levy $764,498 $ 986,230 $1,212,084 $1,364,311 Amount Collected during Collection Year $750,504 $ 970,047 $1,188,781 $1,345,150 Percent of Net Tax Levy Collected 98.17% 98.36% 98.08% 98.60% Amount Delinquent at end of Collection Year $ 13,994 $ 16,183 $ 23,303 $ 19,161 Delinquencies Collected as of (12/31/02) ( 13,180) ( 14,060) ( 16,241) ( 0) Delinquencies Abated or Cancelled as of (12/31/02) 38 224 ( 0) ( 0) Total Delinquencies Outstanding as of (12/31/02) $ 852 $ 2,347 $ 7,062 $ 19,161 Percent of Net Tax Levy Collected 99.89% 99.76% 99.42% 98.60% Note: 200212003 Gross Tax Levy $1,480,623 2002/2003 Net Tax Levy 1,377,069 t Effective 2002, the State of Minnesota took over most of the funding for the school districts, including the general fund, transportation, etc. The only funding that remains for school districts is community service, general debt service, and general net tax capacity. 1 200112002 property taxes are currently in the process of collection/reporting and no updated figures are available from Hennepin County. 2 Property tax credits are aids provided by the State of Minnesota and paid directly to the City. Cities currently deduct property tax credits prior to certifying values with the county auditor. -24-