Tax Levy
The City of Hopkins levies property tax revenue in the amount needed to fill the gap between budgeted revenues and appropriations.
| Purpose | 2010 Approved Levy | 2009 Levy | 2008 Levy | |
|---|---|---|---|---|
| General Operations | ||||
| General Fund | $8,384,010 | $8,160,614 | $7,825,565 | |
| Other Levies | ||||
| Capital Levy | - | $100,000 | $75,000 | |
| HRA Levy | - | - | - | |
| Total General Levy | $8,384,010 | $8,260,614 | $7,900,565 | |
| Special Levies | ||||
| PERA Levy | $35,500 | $35,500 | $11,815 | |
| MVHC Unallotment Levy | $239,175 | - | - | |
| 1999D GO Perm Impr Revolving Bonds |
- | $26,000 | $26,000 | |
| 2001 GO Refunding Bonds - Park & Rec |
$108,000 | $130,000 | $150,000 | |
| 2002B GO Improv Revolving Bonds |
$59,000 | $59,000 | $59,000 | |
| 2003 HRA Revenue Bonds |
$200,000 | $225,000 | $230,000 | |
| 2007B GO Improv Revolving Funds | $185,000 | $175,000 | $175,000 | |
| 2007 Capital Improvement Bonds |
$715,000 | $642,000 | $642,000 | |
| Total Special Levies | $1,541,675 | $1,292,500 | $1,293,815 | |
| Total Levies | $9,925,685 | $9,553,114 | $9,194,380 | |
| Increase over prior year | $372,571 | $358,734 | $388,622 | |
| Percentage Incr/Decr Total | 3.90% | 3.90% | 4.41% | |
| Tax Capacity Rate | 48.999% | 47.315% | 45.401% | |
| Percentage Incr/Decr in Tax Capacity Rate | 3.559% | 4.216% | -1.036% | |
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