HomeMy WebLinkAbout12-01-2003 Truth in Taxation PacketMINUTES OF THE TRUTH IN TAXATION HEARING
HELD AT 5:30 P.M. ON MONDAY. DECEMBER 1.2003
IN THE ORONO COUNCIL CHAMBERS
Mtttibtf PrbMiit: Council Members McMillan. Sansevere and White
Staff Present;City Administrator Ron Moorse, Finance Director Tom Kuehn
Acting Mayor Sansevere call the nieeting to order at 5:35 p.m. Acting Mayor Sansevere
opened the hearing and indicated the hearing was an opportunity for citi?ens to ask
questions and provide comments regarding the proposed budget ar>d tax levy for 2004.
Bill Stubbs indicated he did not have any concerns regarding the proposed budget or tax
levy; however, he had a question regarding the valuation of his property at 185 Old
Crystal Bay Road North. The Truth in Taxation notice he recently received indicated that
his market value had increased by $91,000. The Truth in Taxation rratice also indicated
the zoning of the property to be “industrial preferred”.
Acting Mayor Sansevere indicated that City staff would contact the Assessor to follow up
regarding the increased property value. Mr. Stubbs indicated he would follow up with the
Assessor.
There being no further public comments. Acting Mayor Sansevere dosed the hearing.
Council Member White moved, Council Member McMillan seconded, the
announcement that the 2004 budget and tax levy will be adopted at a hearing to be
held at 7:00 p.m. on Monday, December 8,2003. Vole: 3 Ayes, 0 Nays.
ADJOURNMENT
Council Member White moved. Council Member McMillan seconded, that the
meeting be adjjoumed at 5:53 p.m. Vote: 3 Ayes, 0 Nays.
ATTEST:
•u.I&l.
Linda S. Vee. City Clerk Barbara A. Peterson. Mayor
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REQUEST FOR COUNCIL ACTION
DATE: November 26» 2003
ITEM NO:
Department Approval:Administrator Reviewed:Agenda Section:
Name Ron Moorse City Administrator's
Title City Administrator __lOh___Report
Item Description: Truth in Taxation HcaAng
Attachmcots: I. Tax Levies-Actual 2003 vs. Proposed 2004
2. Tax Capacity, Local Levy, and Tax Capacity Rates
3. Effect of 2004 Tax Levy and Budget on Property Owners
4. Materials from Hennepin County re: Tax Capacity, and Property Tax Impacts In
Orono.
Truth in Taxation Hearing
The Truth in Taxation hearing is an opportunity for the public to ask questions and provide
comments regarding the proposed 2004 budget and tax levy.
Proposed 2004 Bud2et
The proposed 2004 budget reflects an effort to comply with the State>imposed levy limit, and to deal
with reduced State Aid revenue; while maintaining current service levels, accommodating the
additional costs related to the start-up of the Navarre Fire Station, and providing for necessary
equipment replacement in the police, fire, and public works areas.
General Fund BudgSl
The proposed 2004 General Fund budget expendittnes are $4,701,490. This is a reduction of
S11,390, or .2% from the 2003 budget. Although the General Fund budget expenditures are reduced
overall, there are a number of areas that require increased expenditures. These include annual
compensation adjustments, start-up costs for the Navarre Fire Station, acquisition costs related to
an upgraded police records system, and costs related to the 2004 election.
These increased expenditures are more than offset by a large number of expenditure reductions in
the range of $500 to $2,000, as well as a number of more substantial expenditure reductions. The
substantial expenditure reductions are in the areas of contracted street overlays, training and
development, and special projects and contingencies.
Tax Lew. Tax Rate, and Impact on Property' Owners
The total tax levy required to fund the proposed 2004 budget is $3,197,930. This is an increase of
$99,530, or 3.27%, over the 2003 levy. The total levy includes a Fire Facilities and Equipment
Bonds debt service levy of $73,250, which will be used to fund the debt service on the bonds used
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to finance the Navarre Fire Station, and the purchase of fire apparatus and equipment needed for the
Fire Station. The total levy also includes a special levy of $83,000 to fund the repayment of
equipment certificates for the purchase of three replacement police squad cars, and a special levy
of $125,000 to ftuid the repayment of equipment certificates for the purchase of replacement
equipment in the Public Works Department.
The estimated tax capacity for taxes payable in the year 2004 is $18,142,562. This is an increase of
$2,556,915, or 16.41% over the 2003 tax capacity. Based on the City’s increased tax capacity and
the proposed tax levy, the tax capacity rate will be 17.599%. This is a reduction of 11.4% from the
2003 tax capacity rate.
The reduction in the tax capacity rate will result in a reduction in the City’s share of the property tax
bill. Ass'iming a 10% increase in a home’s property value, the City’s share of the property tax bill
for a home valued at $350,000, would be reduced by $17.85, or 2.6%. For a home valued at
$500,000 the reduction would be $25.51, or 2.6%.
Adoption of Final Budget and Tax Lew
The City is required to hold a levy adoption hearing, at which the final budget and tax levy are
adopted. This will be held at 7:00 p.m. on December 8.2003, which is a regular Council meeting
date.
COUNCIL ACITON REQUESTED:
Motion to announce that the final 2003 budget and tax levy will be adopted at the levy adoption
hearing which will be held at 7:00 p.m. on December 8.2003.
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CITY OF ORONO
TAX LEVIES
ACTUAL 2003 vs PROPOSED 2004
TAX LEVY COLLECTIBLE INCREASE PERCENT
TAX LEVIES 2003 2004 (DECREASE)CHANGE
General $2,509,684 (a ) $2,509,684(■) $0 0.00%
Infrastructure (PIR)35,450 35,450 0 0.00%
Park Land Acquisition and Development 5,000 5,000 0 0.00%
2004 Add Back - 60% of M VCr & LG A Reduction •0- (a) 38,216 (a) 38,216 na
Total Overall Levy Limit $2,550,134 $2,588350 S38316 1.50%
Special Levies:
General Fund • PERA Rate Increases 4,980 (a) 5,540 (a) 560 1 1.24%
General Fund - COPS Grant Decrease 14,786 (a;) 14,790 (a) 4 0.03%
General Fund - Capital Equipment Cert.75,000 (a;1 83,000 (a) 8,000 10.67%
Imp & Equip Outlay • Capital Equip Cert -0-125,000 125,000 na
1992 Improvement Bond Debt Service 45,000 0 (45,000)-100.00%
1997 Improvement Bond Debt Service 15,000 18,000 3,000 20.00%
1999 Improvement Bond Debt Service 15,500 5,000 (10,500)-67.74%
2000 Improvement Bond Debt Service -0--0-0 0.00%
2003 Imp Refunding Bond Debt Service -0-35,000 35,000 na
1998 HRA Refunding Bond Debt Service 250,000 250,000 0 0.00%
Fire Facility and Equipment Bond Debt Service 128,000 73,250 (54.750J —
TOTAL SPECIAL LEVIES __$548,266 $609,580 $61,314 11.18%
TOTAL TAX LEVIES FOR ALL PURPOSES $3,098,40p..$3,197,930 $99,530 3.21%
Total Gcacral Fuad Levy $2,604,450 (a)1 $2,651330(a) $46,780 1.80%
Deduct MVHC Not Paid by State of Miun (H410)(54,410)___ ___0 •0.00%
Anticipated General Fnad Tax Receipts
after loss of MVHC $2,550,040 S2396320 $46,780 1J3%
________________________________—________
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City of Orono
Tax Capacity, Local Levy, & Tax Capacity Rates
ivocrratMvTAXCAri.iu
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2004 Over (Under) 2003
TAX CAPACITY
Actual
2003
Estimated
2004 Amount Percent
Real Estate $15,547,498 $18,142,079 $2,594,581 16.69%
Personal Property 112,175 120,534 8,359 7.45%
Deduct Tax Increments (3,600)(60,625)(57,025)0.00%
Deduct Contrib Fiscal Disp (269,786)(279,146)(9,360)
Add Distribution Fiscal Disp 199,360 219,720 20,360 10.21%
Net Tax Capacity (To calculate rate)$15,585,647 $18,142,562 $2,556,915 16.41%
LOCAL LEVY
Total levy all funds $3,098,400 $3,197,930 $99,530 3.21%
TAX CAPACITY RATES
General Revenue 16.702%14.538%-2.164%-12.96%
PIR Infrastuclure-Storm Sewer / Roads 0.227%0.198%-0.029%-12.78%
Parks • Land Acquisition A Development 0.032%0.028%-0.004%-12.50%
Improve & Equip * Capital Equipment 0.000%0.700%0.700%
Debt Service 0.484%0.325%-0.159%-32.85%
lIRA niiildiiq* hoiuls 1.601%I.400®/,-0.20.3%-12.66%
I'irc l-'ucilily A liquipment ItuiiJs IX*bl 0.821%0.410%-0.411%-
Total Local Tax Capacity Rate . 19.869%17.599%-2.270%
Effect of 2004 Tax Levy & Budget on Homes
Market Value for 2003 Taies $200,000 $350.000 $500,000
♦ 2003 Tax Capacity (net) =■ I % of first $500,000 market value, plus 1.25% of all value over $500,000
2004 Tax Capacity (net) = 1% of first $500,000 market value, plus 1.25% of all value over $500,000
2003 2004 2004 2003 2004 2004 2003 2004 2004
5% incr 10% incr 5% incr 10% incr 5% incr 10% incr
Estimated Market Value $200,000 $210,000 $220,000 $350,000 $367..500 $385,000 $500,000 $525,000 $550,000
Tax Capacity (Net) *2,000 2,100 2,200 3,500 3.675 3,850 5,000 5,250 5,500
Tax Capacity Rale 10.869%17.599%I7..599%19.869%17.599%17.599»/i 19.869%17.599%17.599%
Net Tax $397.38 $369.58 $387.18 $695.42 $646.76 $677.56 $993.45 $923.95 $967.95
$ Increase (Decrease) from 2003 -($27.80)($10.20)($48.65) ($17.85)($69.50) ($25.51)
% Increase (Decrease) from 2003
§
-7.0%-2.6% !-7.0%-2.6%; j -7.0%-2.6%
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lUjnnup'm County Pio|>«jily Taji Cunipari&im • 0»isi*<l tm Payahk) 2003 Taios and Pro|Mi^ud 2003 TRUTH IN TAXAIION
nrsim NiiAi. biNGii famh v phopuuils
Oi#y Mil iliD) «i I iMii|iuinuii 4 4 taitHt hui%m^tHHl^yo$% homuMMildaftMl»r4MHinta IxMh ?0U3 draf ?n04
t uJiiituU piu|Jvitr (I1UJ kuiii UMiiiMttMMi 41 tijU Mit|»uvanidtii dmoiit4 0( p«»lk4 umtluLlnn dMacaiOf for fMopoMM] ?m>4 uu«% (:tMJ3 a%M»ii4ii«nl)
Number and Percent of Propaity by Percent of Tax Chanoe
Increase
Munic I Municl|»alily Nama Total M of 1%.49%50%•9 9%10 0%• 14.9%15.0%• 19 9%20.0% arKl over
Coda PIOs •%•%«%8 %•%8 %
20 nioomin^iun 19 794 19 0 09%156 0 79%1933 5 77%17,060 89 22%16 0 08%10 0 05%
22 HrooKlyn Centw 6 553 2621 40 00%959 14 63%1,764 26 92%1.181 18 02%21 0 32%7 0 11%
48 Urooklyn PaiK 13 685 12.737 93 07%41 0 30%25 0 16%867 6 31%4 0 03%11 0 08%
SO Champlin 5.735 5.712 9961%11 0 19%2 0 03%3 0 05%1 0 02%6 0 10%
S2 Cofcocan 1.347 105 780%97 7 20%820 60 68%322 23 90%2 0 15%1 0 07%
54 Crystal 6,711 -0 00%2 0 04%1 001%1 016 15 14%5675 64 56%17 0 25%
56 Dayton 1 173 1.166 99 39%1 0 09%•0 00%1 0 09%2 0 17%3 0 26%
59 Deephavcn 1.2C0 10 0 80%734 58 25%513 40 71%1 0 08%1 0 08%1 0 08%
61 Eden Prairie 11.086 1.109 10 01%9448 85 22%513 4 63%7 0 06%7 0 06%2 0 02%
24 Fdma 11.564 10674 92 29%55 0 48%822 7 11%8 0 07%3 0 03%2 0 02%
63 Excelsior 424 1 0 24%318 75 00%64 1981%8 1 89%2 0 47%11 2 59%
28 Goklen Valley 5,788 13 0 22%22 0 38%1,335 23 06%4,394 75 92%23 0 40%1 0 02%
65 Greenfield 606 22 3 63%127 20 96%449 74 09%6 0 99%2 0 33%•0 00%
19 Greenwood 248 14 5 65%7 2 82%36 14 52%165 66 53%19 7 66%7 2 82%
67 Har>over 100 1 1 00%1 1 00%6 6 00%66 66 00%5 5 00%1 1 00%
68 Hassan 664 31 4 68%70 10 54%513 77 26%39 5 87%8 1 20%3 0 45%
30 HopKins 2 170 6 0 27%26 1 20%99 4 56%2018 93 00%14 0 65%7 0 32%
70 Independence 896 29 3 25%119 13 28%705 78 68%31 3 46%3 0 33%9 1 00%
72 lor>g Lake 483 1 021%1 0 21%24 4 97%60 12 42%395 81 76%2 041%
74 Lorelto 170 3 1 76%2 1 18%162 95 29%2 1 18%1 0 59%0 00%
76 Maple Grove 12 78'>12279 96 02%68 0 53%404 3 16%14 0 11%3 0 02%21 0 16%
77 Maple Flam 466 -0 00%2 0 44%7 1 50% 347 74 46%107 22 96%3 0 64%
79 Medicine lake 110 -0 00%1 091%108 98 18%1 091%•0 00%000%
80 McOifUi 1 102 61 5 53%599 54 36%426 38 66%10 0 91%2 0 16%4 0 36%|
01 Minnoapolts 68 525 257 0 37%224 0 33%694 1 01%56.766 82 84%8 371 12 22%2.213 3 23%
34 Minnetonka 11 965 588 4 91%1.139 9 52%9.822 62 09%384 321%23 0 19%9 0 08%
8?Minnetonka Beach 205 -0 00%1 0 49%3 1 46%3 1 46%170 82 93%28 13 66%
36 Mmnetrista 1.305 455 34 86%701 S3 72%42 3 22%102 7 82%3 0 23%2 0 15%
85 Mound 2.848 19 0 66%295 10 36%2 508 88 06%17 0 60%3 0 11%6 021%
86 New Hope 4 229 •0 00%3 0 07%8 0 19%4 183 98 91%33 0 78%2 0 05%
38 Orono 2 491 768 30 83%1.164 46 73%465 18 67%59 2 37%24 0 96%11 0 44%
88 Osseo 550 548 99 64%2 0 36%•0 00%.0 00%•0 00%0 00%
40 Plymouth 13 843 1 696 12 25%1 226 8 86%7 232 52 24%3 495 25 25%160 1 30%14 0 10%
4?Richfield 9 040 1 0 02%4 0 04%302 3 34%8 721 96 47%4 0 04%8 0 09%
44 Robdinsdaie 4 107 6 0 15%2 0 05%21 0 51%3871 94 25%192 4 67%15 0 37%
90 Tockford 40 •0 00%•0 00%2 500%37 92 50%1 250%000%
92 Roqers 1 295 951 73 43%343 26 49%.0 00%,0 00%•0 00%1 0 08%•M ?>.i*iil AntlHMiy 11.It n on*.0 INI'*..11 nn^!.,•I II *.4.' .^V*./'i ~ *1/ M V'i.1 i.rx.
•j*i IUnmI.m ni;»548 15 .» 74-v 28 5 11%504 •jl ‘j/%•0 00%1 0 18%.0 00%
*46"”Saint Louts Pari'10 684 12 0 11%36 0 34%1.169 10 94%9410 88 08%41 0 38%16 0 15%
!»tMN«*WI|IM|2.0‘41 •M 4 43%3HS 18 71%1 538 74 73%34 1 65%5 0 24%5 0 24%
17 Spring Paik 181 1 0 55%16 8 84%155 85 64%3 1 66%1 0 55%5 2 76%
97 Tonka Bay 537 1 0 20%2 0 37%276 51 40%250 46 55%4 0 74%4 0 74%
99 Wayzala 788 2 0 28%6 0 76%741 94 04%35 4 44%2 0 25%2 0 25%
15 Woodtend 162 2 1 24%117 72 22%41 25 31%2 1 23%.000%0 00%county Totalt 241.939 92.027 21.90%18.981 7.87%38.274 14.99%118.828 47.80%18.8S3 7.01%2.488 103%
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H«nmpln County Taxpayer Services • Property Tax • Tax Accounting
Hennepin County Tax Capacity - By Municipality
Municipality
For Taxes Payable In 2004 Proposed
01 Minneapolis
14 Chanhassen
15 Woodland
17 Spring Park
19 Greenwood
20 Bloomington
22 Brooklyn Center
24 Edina
26 Shorewood
28 Gol^n Valley
30 Hopkins
34 Minnetonka
36 Minnetnsta
38 Orono
40 Plymouth
41 Fort Sneliing
42 Richfield
43 MSP Airport
44 Robbinsdale
46 Saint Louis Park
48 Brooklyn Park
50 Champiin
52 Corcoran
54 Crystal
56 Dayton
59 Deephaven
61 Eden Prairie
63 Excelsior
65 Greenfield
67 Hanover
68 Hassan
70 Independence
72 Long Lake
Personal Real Estate Total Tax Less Less L«t* Incrwntnt Tax Capacity Plus Adjustad NatPropertyCapacityTran Line Contribution Used for Local
RjIa
Distribution Tax Capacity
7.023,303 303.667.544 310.690.847 34.107.481 47.074.032 229.509.334 37.893.509 267.402.843
3.296 1.175.968 1.17^2M 564.197 615.067 6 615.067
5.154 2.022.353 2.027,507 0 2.027.507 0 2.027.507
14.918 1.685.780 1.700.698 143.149 90.662 1.466.887 147.520 1.614.407
9.686 1.797.029 1.806.715 42.966 1J63.749 23.662 1.787.411
1.334.015 117.512.039 118.846.054 21.042.727 7.042.720 90760.607 '6.176.589 96.937.196
281.963 20,353.866 20.635829 2.523,226 3.134.417 14.978.186 3.620,822 18.599.008
358.415 83.110.618 83,469.033 7.945.664 6.951.343 " 68.572.026 2.202.656 T’0.774.682
75.409 10.'979.946 11.055.355 200.062 10.855.293 369.666 11.224.959
298.486 31,184.364 31.482.850 4.235.464 3.541.480 ' 23.705.906 1.280.007 24.985.91 3~
166.139 14.851.783 15.017.922 1.413.777 1.702.442 11.901.703 1.644.733 13,546.436
593.672 77.101.038 77.694.710 10.958.894 3.385.115 63.350.701 3.093.148 66.443.849
99.682 8.159.851 8.259.533 71.858 8.187.675 180.456 8.368.1 3T
I20T534 18.142.079 18.262613 270,146 60.625 17,922.842 219.720 18.142.562 “
845.341 86.753.099 87.598.440 ' 11.682.453 537.889 75.378.098 4.716.559 80,094.657
6 0 0 _ 0 0
243.241 27.401.735 27.644.976 ’2.095,218 y.673.4H 21.876.347 3^584.852 25.461.199^
4.769.785 0 4.769.785 6 4.769.785 0 4.769,785
108.604 8.308.982 8.417.M6 182.059 1.109.548 7.125.979*1.579.2M 8.705.2^3
436.947 47,133.828 47.570.775 4.945.476 4.314.01*4 38.311.285 "3.596.380 ' 41.907.665
663.439 50.809.94i 51.473.380 '2.709'5.752.719 6.942.141 38,775.811 ' ’7.697.264 '46.47'3.015
163.676 16.448.027 16.612.503 911.961 2.316.292 13.384.250 2.383.198 15.767.448
156.945 5.124.817 5.281.762 3J92 243.286 138.711 4.896.573 461.021 __ 5.357.594
221.532 14.526.853 14.748>85 803.415 i.130.67 ’5 12.814.295 2.619.646 15.433.941
86.924 3.791.858 3.878.782 259.248 97.845 3.521.689 465.095 3,986.784
35.968 7.500.232 7.536.200 105.687 7.430.513 140.066 7.570.579
1.089.530 85.943.502 87.033.032 11.393,809 1.625.627 74.013.596 3.501,384 77.514,980
21.433 2.757.392'2.778.825 214.216 2.564.609 182.716 2.747.319
71.683 2.505 612 2.576.695 1.465 72.950 2.M2.280 205.245 _ 2.707.525
6.896 399.638 406.534 4.266'402.268 30.769 433.037'
38.702 3.623.161 3.661.863 499.556 3.162.307 158.701 3.321.008
89.666 4.758.289 4.847,955 116.384 4.731.571 166,935 4.898.506
29.038 2,211,082 2.240.120 322.332 243.079 1.674.709 151.160 1.825.869
9/6^003 09:56 AM rptTaxCapadtyVaiuesByMunic Page 1 of 2
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Hennepin County Taxpayer Services - Property Tax • Tax Accounting
Hennepin County Market Values - By Municipality
For Taxes Payable In 20(14 Proposed
MUNICIPALITY
01 Minneapolis
14 Chanhessen
19 Woodland
17 Spring Peril
If Greenwood
20 Bloomington
22 Brooklyn Center
24 Edina
26 Shorewood
28 (kMden Valley
30 Hopkins
34 Minnetonka
36 Minnetrista
36 Orono
40 Ptymouth
41 FortSnelling
42 Richfield
43 MSP Airport
44 Robbinsdale
46 Saint Louis Park
46 Brooklyn Park
60 Champlin
62 Corcoran
64 Crystal
• • • . . • « • « •
186 Dayton
ESTIMATED MARKET VALUE
Personal Real Total
TAXABLE MARKET VALUE REFERENDUM MARKET VALUE
356.967.000
164.800
257.700
776.100
484.300
67,043,900
14.379.400
18.163,000
3.831,300
14.942,300
8.339.900
29.942.600
5.045.900
6.229.700
42.517.400
0
12.275.600
241.282.000
5.583.700
22.114.100
33,553,800
8,311,600
7.856.500
12.242.400
4.383.700
28,191.881.700
59.185.000
218.822,000
154.814.000
205.878.800
9.162.714.700
1.811.449.500
7.489.108.700
1.187.379.100
2.560.425.800
1.271.893.700
6.591.709.100
869.798.500
2.053.346.600
7.383.221.500
0
2.506.379.200
0
875.599.800
4.130.130.000
4.580.013.200
1.620.012.600
522.576.900
1.462.740.800
375.435.400
28.548.848.700
59.349.800
219.079,700
155.590.100
206.363.100
9.219.758.600
1.825.828.900
7.507.271.700
1.191.210.400
2.575.368.100
1.280.233.600
6.621.651.700
874.844.400
2.059.576.300
7.425.738.900
0
2.518.654.800
241.282.000
881.183.500
4.152.244.100
4.613.567.000
1.628.324.200
530.433.400
1.474.983.200
379.819.100
Personal Real Total Personal Real Total
356.967.000 23.645.403.825 24.002.370.625 356.967.000 23.615.924.425 23.972.891.425 01
164.800 59.181.800 59.346.600 164.800 59.181.600 59.346.600 14
257.700 176.866.400 177.124.100 257.700 176,357.100 176.614.80016
776,100 136.358.800 137.134.900 776,100 135.407.700 136.183.800 17
484,300 164.097,300 164.581.600 484.300 163.918.700 164,403,000 19
67.043.900 8.776.209.200 8.843.253.100 67.043.900 8.774.057.100 6.841,101.00020
14.379.400 1.613.248.100 1.627.627.500 14.379.400 1.611.948.300 1,626.327,700 22
18,163.000 6.910.665.700 6.928.826.700 16.163,000 6.904.763.900 6.922.926.900 24
3.831.300 1.033.475.200 1.037.306.500 3.831.300 1.027.847.100 1.031.678,40026
14.942.300 2.416.250.800 2.431.193.100 14.942.300 2.414.825.800 2.429.768,100 28
8.339.900 1.167.249.700 1.175.589.600 8.339.900 1.166.934.500 1.175.274.40030
29.942.600 6.203.102.000 6.233.044.600 29.942.600 6.195.009.500 6.224.952.100 34
5.045,900 779.605.000 784.650.900 5.045.900 731.969.800 737.015.700 36
6.229.700 1.641.188.800 1.647.418.500 6.229.700 1.617.496.900 1.623.726.600 38
42.517.400 7.118.985,800 7,161.503.200 42.517.400 7.103.164.900 7.145,882.300 40
0 0 0 0 0 0 41
12.275.600 2.298.691.800 2.310.967.400 12,275,600 2,297,096,415 2,309.372.015 42
241.282.000 0 241.282.000 241,282,000 0 241.282.00043
5.583.700 757,316.000 762.899.700 5.583.700 756,849.600 762.433.300 44
22.114.100 3.771.698.700 3,793,812,800 22.114,100 3,769,918,500 3,792.032.600 46
33.553.800 4.266.897,200 4.300.451.000 33.553.800 4.247.242.400 4.280.796.200 48
8.311.600 1,518.232,200 1.526.543.800 8,311.600 1.516.769.800 1.525.081.400 50
7.856.500 493.988.200 501.844.700 7.856,500 460.045.000 467.901.500 82
12.242.400 1.308.797.500 1,321,039.900 12,242,400 1.308.190.300 1,320.432.700 94
4,383.700 351.636.700 356.020,400 4.363.700 335.676.000 340.260.500 56
9/6/2003 09:56 AM rptMarketValuesByMunic Page 1 of 2
CIT r ^ ATI»TICS
MUNICIPALITY: ORONO DATE: 10/80003
DATE OF REPORT: 1000002
R Bk Ik 1 Di fiZ
MEDIAN:66.80%66.30% 0.00%94.80%0.00% 68.30%
MEAN:69 20%89.50%0.00%94.60%0.00%86.00%
COO:13.3 13.1 0 0 0 3.3
• OF SALES:77 30 0 1 0 4
% CHANGE:9.45%10.08%0.00%0.21%0.00%7.59%
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