Tax Levy

The City of Hopkins levies property tax revenue in the amount needed to fill the gap between budgeted revenues and appropriations.

Purpose 2011 Approved Levy 2010 Levy 2009 Levy
General Operations
 General Fund  $8,539,064 $8,384,010 $8,160,614
Other Levies
 Capital Levy $100,000 - $100,000
Total General Levy $8,639,064 $8,384,010 $8,260,614
Special Levies
PERA Levy          $35,500 $35,500 $35,500
MVHC Unallotment Levy   $222,850 $239,175 -
1999D GO Perm Impr
Revolving Bonds		                   - - $26,000
2001 GO Refunding
Bonds - Park & Rec		                   - $108,000 $130,000
2002B GO Improv
Revolving Bonds 		         $59,000 $59,000 $59,000
2003 HRA
Revenue Bonds 		       $200,000 $200,000 $225,000
2007B GO Improv Revolving Funds        $172,000 $185,000 $175,000
2007A Capital
Improvement Bonds 		       $710,000 $715,000 $642,000
2010A GO Improvement Bonds        $100,000 - -
Total Special Levies $1,499,350 $1,541,675 $1,292,500
Total Levies $10,138,414 $9,925,685 $9,553,114
Increase over prior year $212,729 $372,571 $358,734
Percentage Incr/Decr Total 2.14% 3.90% 3.90%
Tax Capacity Rate 55.676% 48.999% 47.315%