2002-09-25 CC Packet - Laserfiche WebLink

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. - . - - - -- -~ Tax Capacity Rates Tax capacity rates over the past five-assessable/collection years have been as follows: 1997/98 1998/99 1999/00 2000/01 2001/02 Tax Tax Tax Tax Tax Levy Year! Capacity Capacity Capacity Capacity Capacity Collection Year Rates Rates Rates Rates Rates Anoka County 30.618% 32.265% 30.861% 28.859% 37.976% City of Centerville 40.912 48.862 49.184 49.287 69.466 ISO No. 12, Centennial 59.004 64.802 58.230 69.574 37.758t NMISD No. 916 .194 .333 .261 .314 .070 Metropolitan Council .883 .886 .824 .779 1.417 Metro Transit 4.300 4.799 4.502 4.575 1.453 Metropolitan Mosquito District .289 .340 .334 .310 .476 Rice Creek Watershed .830 .809 .765 .940 1.174 Anoka County Railroad Authority .471 .474 1.210 1.064 1.393 Anoka County HRA .8]8 .893 .944 .920 1.227 Totals: 138.319 ] 54.463 147.115 156.622 152.410 Tax Levies and Collections I Levy Year/ 1997/ 1998/ 1999/ 2000/ Collection Year 1998 1999 2000 2001 Original Gross Tax Levy $666,075 $866,194 $1,095,00] $],320,028 Property Tax Credits2 ( 104,075) ( 104,075) ( 110,001) ( 110,028) Levy Adjustments 7 2,379 1,230 2,084 Net Tax Levy $562,007 $764,498 $ 986,230 $],212,084 Amount Collected during Collection Year $557,814 $750,5{)4 $ 970,047 $],188,781 Percent of Net Tax Levy Collected 99.25% 98.17% 98.36% 98.08% Amount Delinquent at end of Collection Year $ 4,193 $ 13,994 $ 16,183 $ 23,303 Delinquencies Collected as of (06/30/02) ( 4,540) ( 13,]80) 13,51 I) ( 14,953) Delinquencies Abated or Cancelled as of (06/30/02) 965 38 224 0) Total Delinquencies Outstanding as of (06/30102) $ 618 $ 852 $ 2,896 $ 8,350 Percent of Net Tax Levy Collected 99.89% 99.89% 99.71% 99.31% Note: 200112002 Gross Tax Levy $1,480,623 2000/2001 Net Tax Levy ],364,311 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, I 2001/2002 property taxes are currently in the process of collection/reporting and no updated figures arc 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 -