Have comparisons of tax impacts vs franchise fees been calculated?

Examples of comparisons have been prepared for the same tax parcels used in the budget process.
Residential Mean Parcel with Taxable Value $231,176
Monthly Tax $5.14
Monthly Gas Franchise Fee $2.00
Monthly Electric Franchise Fee $2.75

Residential Median Parcel with Taxable Value $194,834
Monthly Tax $4.33
Monthly Gas Franchise Fee $2.00
Monthly Electric Franchise Fee $2.75

Business parcels will need to know who their electric provider is and what classification they are charged for electric and gas.
Business with Taxable Value $563,700 $3,058,200
Monthly Tax $14.32 $82.19
Franchise Fee depends on your electric provider and customer class. Fees could range from $13.50 to $195.00.
Xcel Energy Gas Rates Proposed
Commercial Non Demand $10.50 $10.50
Commercial Demand $50.00 $50.00
Small Interruptible $90.00 $90.00
Medium and Large Interruptible $100.00 $100.00
Dakota Electric Electric Rates Proposed
Small General (non-demand) $3.00 $3.00
General (demand) $25.00 $25.00
C&I Interruptible $25.00 $25.00
Xcel Energy Electric Rates Proposed
Small C&I – Non Demand $3.00 $3.00
Small C&I – Demand $25.00 $25.00
Large C&I $95.00 $95.00

Show All Answers

1. What is a Franchise Fee
2. Why is Inver Grove Heights discussing Franchise Fees?
3. Why are franchise fees a better option than increasing the property tax levy?
4. How will franchise fees be reported?
5. When will the franchise fees be implemented?
6. What are the proposed fees and have comparisons of tax impacts vs franchise fees been calculated?
7. How long will the franchise fee be on a bill?
8. What other cities within Dakota County have franchise fees?
9. Are Dakota Elecric and Xcel Energy involved in instituting the franchise fee?
10. Is there an ongoing administration fee charged by Dakota Electric and Xcel Energy for collecting the franchise fee?
11. How can I learn more about franchise fees?
12. What are the proposed monthly fees?
13. Have comparisons of tax impacts vs franchise fees been calculated?
14. Franchise Fee Calendar