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CITY OF ORONO, MINNESOTA
<br />Assessed Value or Tax Capacity and
<br />Estimated Market Value of Taxable Property (1)
<br />Real Property Personal Property
<br />Taxes
<br />Payable
<br />Assessed
<br />Value or
<br />Estimated
<br />Market
<br />Assessed
<br />Value or
<br />Estimated
<br />Market
<br />Fiscal
<br />Disparities
<br />Adjustnent
<br />to Assessed
<br />Value or
<br />Year Tax Capacity Value Tax Capacity Value Tax Capacity
<br />1986 $ 98,788,864 $ 385,901,800 $ 1,542,969 $ 3,588,500 $ 446,042
<br />1987 101,291,782 402,896,400 1,678,677 3,903,900 581.055
<br />1988 105,021,213 431,023,100 1,596,719 3,713,300 796,738
<br />1989 (2)14,049,094 477,834,580 183,499 3,495,200 119,216
<br />1990 (3)12,568,353 527,348,000 172,131 3,401,800 151,730
<br />1991 I‘\035,873 585,697,300 178,110 3,598,200 164,776
<br />1992 12,922,819 604,793,400 195,919 4,124,600
<br />45,844
<br />1993 11,572,538 625,445,300 182,211 3,876,800 (15,389)
<br />1994 12,007,816 654,919,200 183,655 3,992,500 (22,572)
<br />1995 12,780,145 697,660,900 194,020 4,217,800 (62.597)
<br />(1) All property, assessed, tax capacity, and estimated market values, and fiscal disparities adjustment
<br />are from the Hennepin County Assessor.
<br />(2) Beginning with taxes payable in 1989, the terminology for Assessed Valuations and Mill Rates is
<br />no longer used. Tax Capacity replaces Assessed Valuations and is determined in the same manner
<br />except using smaller percentages for each property class.
<br />(3) In 1990, the State of Minnesota redefined the tax base from "gross” lax capacity to "net" tax
<br />capacity.
<br />-Ill-
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