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.

Property Tax Rates

 City of ElyLinn CountyCCSDOtherTax Levy RateEly % of Total
FY 20-21$10.3469$6.6044$16.6072$1.5831$34.94 
FY 19-20$10.8119$5.839$16.607$1.5561  
FY 18-19$8.42900     
FY 17-18$8.47042     
FY 16-17$8.34266     
FY 15-16$8.36024    26%
FY 14-15$8.36390$6.14191$14.80342$1.05754$30.3667728%
FY 13-14$8.37894$6.11191$15.08387$1.32167$30.8963927%
FY 12-13$8.39119$6.11191$15.80308$1.64296$31.9491426%
FY 11-12$8.33785$6.11117$16.55788$1.59032$32.5972226%
FY 10-11$9.79265$6.06829$17.20361$1.49790$34.5624528%
FY 09-10$9.81816$5.95245$17.21168$1.45499$34.4372829%
FY 08-09$10.33270$6.14971$16.84626$1.47989$34.8085630%
FY 07-08$10.44361$5.89000$17.33321$1.23853$34.9053530%
FY 06-07$10.44518$5.69014$17.33321$1.23853$34.7070630%
FY 05-06$10.44523$5.73231$15.21947$0.97102$32.3680332%
FY 04-05$10.38312$5.51347$13.42574$0.98101$30.3033434%
FY 03-04$10.27630$5.29322$14.73088$0.97721$31.2776133%

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 YearGeneral Taxable ValuationChangeValuation Including TIFChangeAg Land ValueChange
FY 20-21      
FY 19-20      
FY 18-19      
FY 17-18      
FY 16-1765,914,8517%73,729,9906%321,54812%
FY 15-1661,463,3107%69,883,9637%288,1053%
FY 14-1557,673,6856%65,479,4867%279,714-4%
FY 13-1454,427,6668%61,408,8726%289,9592%
FY 12-1350,591,6396%57,814,2417%284,655-1%
FY 11-1247,937,8848%53,801,2816%287,1981%
FY 10-1144,446,2198%50,612,1566%283,1808%
FY 09-1041,263,7057%47,850,8386%261,0875%
FY 08-0938,636,1449%45,111,9707%249,8001%
FY 07-0835,602,1846%42,329,8704%248,039-3%
FY 06-0733,551,4938%40,576,2761%255,7671%
FY 05-0631,181,3377%38,300,9226%252,293-2%
FY 04-0529,034,91713%36,104,75911%257,201-14%
FY 03-0425,607,231 32,512,784 298,369