2018 BUDGET PRESENTATION -Tax History-

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Presentation transcript:

2018 BUDGET PRESENTATION -Tax History-

Information to be Presented Historical Statistics Levy, Tax Rate, Tax Capacity Tax Levy Impact Analysis General Fund, Library, EDA, Debt Service Tax Dollar Usage

2008-2017 Historical Tax Extension Rate

Lyon County, City of Marshall, ISD #413 Tax Rate

2008-2018 Historical Tax Capacity

Lyon County, City of Marshall, ISD #413 Tax Capacity

Comparative Data City Year Total Tax Capacity Taxable Tax Capacity Average County Tax Rate Average City Tax Rate Average School Tax Rate Average Special Tax Rate City Net Levy Average Population Number of Cities Greater MN, 10,000-24,999 2016 $11,818,529 $11,523,352 47.049% 52.448% 27.586% 2.631% $6,051,606 15,056 28 2015 $11,286,502 $10,991,372 49.030% 54.565% 27.865% 2.643% $5,730,119 14,941 2014 $10,567,499 $10,230,812 48.073% 52.501% 27.726% 2.654% $5,425,641 15,143 29 2013 $10,477,351 $10,130,232 49.750% 51.980% 29.570% 2.700% $5,275,887 15,065 2012 $10,622,581 $10,256,374 49.340% 49.850% 29.840% 2.810% $5,122,294 15,029   City of Marshall $11,496,191 $10,925,341 34.221% 51.759% 26.333% 0.127% $5,654,847 $11,136,904 $10,539,144 31.206% 51.052% 24.666% 0.120% $5,380,444 $10,745,011 $10,199,548 31.760% 50.192% 24.212% 0.136% $5,119,357 $10,511,528 $9,913,382 36.427% 50.195% 29.404% 0.167% $4,976,022 $10,199,611 $9,605,127 41.010% 50.106% 29.752% $4,812,745

How does a tax rate affect how much I pay in Property Taxes?

City Portion of Property Tax. $100,000 EMV / Homestead City Portion of Property Tax *$100,000 EMV / Homestead *If NO change in value 2008-2018

City Portion of Property Tax. $200,000 EMV / Homestead City Portion of Property Tax *$200,000 EMV / Homestead *If NO change in value 2008-2018

City Portion of Property Tax. $300,000 EMV / Homestead City Portion of Property Tax *$300,000 EMV / Homestead *If NO change in value 2008-2018

City Portion of Property Tax. $150,000 Commercial Value City Portion of Property Tax *$150,000 Commercial Value *If NO change in value 2008-2018

City Portion of Property Tax. $500,000 Commercial Value City Portion of Property Tax *$500,000 Commercial Value *If NO change in value 2008-2018

City Portion of Property Tax. $3,000,000 Commercial Value City Portion of Property Tax *$3,000,000 Commercial Value *If NO change in value 2008-2018

2018 BUDGET PRESENTATION -DRAFT 2018 General Fund Budget-

Questions?