Tax Levy

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

Purpose 2012 Approved Levy 2011 Levy 2010 Levy
General Operations
 General Fund  $8,784,091 $8,539,064 $8,384,010
Other Levies
 Capital Levy $125,000 $100,000 -
Total General Levy $8,909,091 $8,639,064 $8,384,010
Special Levies
PERA Levy          $35,500          $35,500 $35,500
MVHC Unallotment Levy -   $222,850 $239,175
2001 GO Refunding
Bonds - Park & Rec
                  -                   - $108,000
2002B GO Improv
Revolving Bonds
        -          $59,000 $59,000
2003 HRA
Revenue Bonds
       $220,000        $200,000 $200,000
2007B GO Improv Revolving Funds        $184,500        $172,000 $185,000
2007A Capital
Improvement Bonds
       $765,900        $710,000 $715,000
2010A GO Improvement Bonds        $77,000       $100,000 -
2010B GO Refunding Bonds $59,000 - -
Total Special Levies $1,341,900 $1,499,350 $1,541,675
Total Levies $10,250,991 $10,138,414 $9,925,685
Increase over prior year $112,577 $212,729 $372,571
Percentage Incr/Decr Total 1.11% 2.14% 3.90%
Tax Capacity Rate 59.279% 55.676% 48.999%