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Trend of Values <br /> <br />Estimated <br />Market Value <br /> <br /> Indicated <br />Market Value(a) <br /> <br />Taxable Tax <br />Capacity(b) <br /> <br />1992 $396,107,700 $432,431,987 $6,701,21 0 <br />1991 374,851,400 410,571,084 6,919,514 <br />1990 343,669,500 376,417,853 6,886,878 <br />1989 310,995,600 340,257,768 6,222,143 <br />1988 287,874,500 314,616,940 7,484,976 <br /> <br />(a) Calculated by dividing the City's estimated market value by the sales ratio determined for the City <br /> each year by the State Department of Revenue. <br />(b) See Appendix II for a discussion of tax capacity and other elements of Minnesota property tax law. <br /> <br />Ten of the Largest Taxpayers in the City <br /> <br /> 1992 Net <br />Taxpayer Type of Business Tax Capacity <br /> <br />Anoka Electric Co-op <br />Minnegasco <br />Individual <br />Individual <br />Parabody Inc. <br />L.A.N.D. Properties <br />United Power Association <br />Waste Management of Minnesota <br />Northern States Power <br />Equities Nineties Ltd. Ptnr. <br /> <br />Utility <br />Utility <br />Manufacturing <br />Electronics Manufacturing <br />Athletic Equipment Manufacturer <br />Liquor Distributor <br />Utility <br />Anoka Regional Landfill <br />Utility <br />Shopping Mall <br /> <br />Total <br /> <br />* Represents 11.7% of the City's 1992 taxable net tax capacity. <br /> <br />$199 872 <br />114 059 <br />92 418 <br />67 550 <br />64 030 <br />51 972 <br />52 612 <br />50 267 <br />48 461 <br />44,492 <br /> <br />$785,733* <br /> <br />CITY INDEBTEDNESS <br /> <br />Legal Debt Margin <br /> <br /> Legal Debt Limit (2% of Estimated Market Value) <br /> Less: Outstanding Debt Subject to Limit <br /> <br /> Legal Debt Margin at August 2, 1993 <br /> <br />$7,922,154 <br /> -0- <br /> <br />$7,922,154 <br /> <br /> <br />