HomeMy WebLinkAbout13.F.2. 2010/2011 Tax Levy Impact F 2.
CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: 2010/2011 Tax Levy Impact
DATE: July 14, 2010
Introduction
The city has received preliminary data on values for pay 2011 property taxes.
Background
Scott County has provided preliminary data (it will change) on values and tax impacts. Taxable
net tax capacity has decreased from $38,952,136 to $37,695,847, a change of -3.2 %.
Based on the same tax levy, the tax rate would go from 33.710 to 34.813 a change of +3.3%
The estimated impacts are on residential parcels is;
Value Change No. Parcels Tax Change Tax Change
15.00 +% 29 20.7% $160.76
10.01- 15.0% 14 17.2 133.78
5.01 -10.0% 35 12.6 97.80
.01- 5.0% 238 6.8 52.83
No Change 378 3.3 25.85
-.01- 3.0% 2,584 1.0 7.68
-3.01- 5.0% 1,586 -1.3 -10.13
-5.01 - 10.0% 2,397 -4.8 -37.11
- 10.01 - 15.0% 2,425 -10.6 -82.08
- 15.01 %+ 1,489 -14.0 - 109.06
11,175
71% of residential parcels would see a tax decrease, and 29% an increase.
Action
No action needed - information only.
Gregg Voxland
Finance Director
H: \Finance\