City Financial Information
This page includes some information on the financial aspects of the City of Ely, including the City’s annual budget and the most recent annual financial report.
- FY 23-24 Budget Summary
- FY 23-24 Full Budget
- FY 23-24 Max Levy
- FY 22-23 Budget Presentation
- FY 22-23 Final Budget Documents
- FY 21-22 Budget Graphs
- FY 21-22 Final Budget Documents
Property Tax Rates
| City of Ely | Linn County | CCSD | Other | Tax Levy Rate | Ely % of Total | |
|---|---|---|---|---|---|---|
| FY 22-23 | $10.94693 | $5.85 | $16.61 | $1.34 | $35.07 | 31% |
| FY 21-22 | $10.95564 | $6.24 | $16.61 | $1.63 | $35.44 | 31% |
| FY 20-21 | $10.3469 | $6.6044 | $16.6072 | $1.5831 | $34.94 | 30% |
| FY 19-20 | $10.8119 | $5.839 | $16.607 | $1.5561 | $34.81 | 31% |
| FY 18-19 | $8.42900 | $32.43 | 26% | |||
| FY 17-18 | $8.47042 | $32.76 | 26% | |||
| FY 16-17 | $8.34266 | $32.00 | 26% | |||
| FY 15-16 | $8.36024 | $31.79 | 26% | |||
| FY 14-15 | $8.36390 | $6.14191 | $14.80342 | $1.05754 | $30.37 | 28% |
| FY 13-14 | $8.37894 | $6.11191 | $15.08387 | $1.32167 | $30.90 | 27% |
| FY 12-13 | $8.39119 | $6.11191 | $15.80308 | $1.64296 | $31.95 | 26% |
| FY 11-12 | $8.33785 | $6.11117 | $16.55788 | $1.59032 | $32.60 | 26% |
| FY 10-11 | $9.79265 | $6.06829 | $17.20361 | $1.49790 | $34.56 | 28% |
| FY 09-10 | $9.81816 | $5.95245 | $17.21168 | $1.45499 | $34.44 | 29% |
| FY 08-09 | $10.33270 | $6.14971 | $16.84626 | $1.47989 | $34.80 | 30% |
| FY 07-08 | $10.44361 | $5.89000 | $17.33321 | $1.23853 | $34.90 | 30% |
| FY 06-07 | $10.44518 | $5.69014 | $17.33321 | $1.23853 | $34.70 | 30% |
| FY 05-06 | $10.44523 | $5.73231 | $15.21947 | $0.97102 | $32.37 | 32% |
| FY 04-05 | $10.38312 | $5.51347 | $13.42574 | $0.98101 | $30.30 | 34% |
| FY 03-04 | $10.27630 | $5.29322 | $14.73088 | $0.97721 | $31.28 | 33% |
Ely has experienced considerable residential, and some commercial, growth over the last several years. Growth affects the City’s finances in the form of “taxable value”, which is the amount the property tax rate is applied to when you pay your property taxes. Increasing “taxable value” means Ely is able to minimize property taxes to the greatest extent possible.
Taxable Value – City of Ely
| Fiscal Year | General Taxable Valuation | Change | Valuation Including TIF | Change | Ag Land Value | Change |
|---|---|---|---|---|---|---|
| FY 22-23 | 100,539,718 | 14% | 114,383,141 | 495,780 | 9.4% | |
| FY 21-22 | 88,159,312 | -7% | 104,952,488 | 452,839 | 2.4% | |
| FY 20-21 | 95,249,654 | 12.5% | 441,966 | 6% | ||
| FY 19-20 | 84,656,975 | 8% | 416,671 | 30% | ||
| FY 18-19 | 78,642,367 | 11% | 319,101 | 0.9% | ||
| FY 17-18 | 70,869,610 | 7.5% | 316,030 | -1.7% | ||
| FY 16-17 | 65,914,851 | 7% | 73,729,990 | 6% | 321,548 | 12% |
| FY 15-16 | 61,463,310 | 7% | 69,883,963 | 7% | 288,105 | 3% |
| FY 14-15 | 57,673,685 | 6% | 65,479,486 | 7% | 279,714 | -4% |
| FY 13-14 | 54,427,666 | 8% | 61,408,872 | 6% | 289,959 | 2% |
| FY 12-13 | 50,591,639 | 6% | 57,814,241 | 7% | 284,655 | -1% |
| FY 11-12 | 47,937,884 | 8% | 53,801,281 | 6% | 287,198 | 1% |
| FY 10-11 | 44,446,219 | 8% | 50,612,156 | 6% | 283,180 | 8% |
| FY 09-10 | 41,263,705 | 7% | 47,850,838 | 6% | 261,087 | 5% |
| FY 08-09 | 38,636,144 | 9% | 45,111,970 | 7% | 249,800 | 1% |
| FY 07-08 | 35,602,184 | 6% | 42,329,870 | 4% | 248,039 | -3% |
| FY 06-07 | 33,551,493 | 8% | 40,576,276 | 1% | 255,767 | 1% |
| FY 05-06 | 31,181,337 | 7% | 38,300,922 | 6% | 252,293 | -2% |
| FY 04-05 | 29,034,917 | 13% | 36,104,759 | 11% | 257,201 | -14% |
| FY 03-04 | 25,607,231 | 32,512,784 | 298,369 |