The URL can be used to link to this page

Home My WebLink About03A Budget Workshop CITY OF COTTAGE GROVE PROPERTY TAX LEVY Adopted Adopted Adoped Proposed Proposed Fund 2016 2017 2018 2019 2020 General Levies 100 General Fund $ 12,569,300 $ 13,176,400 $ 13,325,000 $ 13,730,000 $ 14,141,900 525 Public Safety/City Hall interfund loan 500,000 500,000 250,000 250,000 250,000 100 Park shelter replacement/Landscape initiative 525 Future Buildings 285 Economic Development 111,500 111,500 125,000 125,000 125,000 Total levy subject to limit 13,180,800 13,787,900 13,700,000 14,105,000 14,516,900 Debt Levies 250 Ice Arena expansion bonds 290,000 369 GO Refunding bonds 2016A 190,000 190,000 190,000 190,000 371 GO CIP Bonds 2017A (fire station) 600,000 600,000 640,000 310 GO Improvement bonds 2018A(Ravine Parkway) 130,000 280,000 GO CIP Bonds 2019A (HERO) 485 Pavement Mgmt - pre 2008 488 Pavement Mgmt 2008 150,000 150,000 " * * 481 Pavement Mgmt 2000 (2009C) 484 Pavement Mgmt 2010/2011 50,000 70,000 70,000 70,000 70,000 484 Pavement Mgmt 2013 300,000 300,000 325,000 300,000 300,000 484 Pavement Mgmt bonds 2015 100,000 275,000 250,000 200,000 200,000 Pavement Mgmt bonds 2016/2017 100,000 100,000 150,000 Total debt levy 890,000 985,000 1,535,000 1,590,000 1,830,000 Total Gross levy 14,070,800 14,772,900 15,235,000 i 15,695,000 ; 16,346,900 Change in Gross levy 4.99% 4.99% 3.13% (_ 3.02%� 4.15% Debt levy as % of Gross levy 6.3°/o 6.7% 10.1% 10.1% 11.2% 6/15/2018 Property Value for Property Value for Property Value for Property Value for Property Value for Taxes Collectable Taxes Collectable Taxes Collectable Taxes Collectable Taxes Collectable 2015 2016 2017 2018 2019 Marketvalue $ 2,705,847,900 $ 2,790,882,800 $ 2,889,152,300 $ 3,125,124,400 $ 3,409,751,900 Taxable property value Real estate 29,209,085 30,098,628 31,422,586 33,987,385 36,941,315 Personal Property 633,767 678,862 678,862 678,862 789,323 Total property value 29,842,852 30,777,490 32,101,448 34,666,247 37,730,638 less: Tax Increment project valuations (646,581) (704,084) (773,270) (790,369) (1,000,000) Subtotal - City 29,196,271 30,073,406 31,328,178 33,875,878 36,730,638 less: Fiscal Disparity contribution value (2,016,925) (2,080,246) (2,170,050) (2,295,893) (2,295,906) Net Tax Capacity value 27,179,346 27,993,160 29,158,128 31,579,985 34,434,732 add: Fiscal Disparity distribution 4,915,251 4,933,374 5,382,472 5,680,721 Total Tax Capacity 32,094,597 32,926,534 34,540,600 37,260,706 34,434,732 Tax Capacity Rate Levy 13,402,100 14,070,800 14,772,900 15,235,000 15,695,000 less: Fiscal Disparties (2,146,936) (2,046,134) (2,315,158) (2,436,750) (2,436,750) Net Levy 11,255,164 12,024,666 12,457,742 12,798,250 13,258,250 divide by Net Tax Capacity 27,179,346 27,993,160 29,158,128 31,579,985 34,434,732 Tax Capacity Rate 41.41% 42.96°/o 42.72% 40.53% 38.50% �� , 6/15/2018