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111 Hassan St SE
Hutchinson MN 55350
Phone: (320)234-4223
Fax: (320)234-4240

BUSINESS DATA

Here you'll find information on the cost of doing business in Hutchinson along with some information on other industries in the community.

Electric Rates Natural Gas Rates Water, Wastewater, Garbage & Storm Water Billing Power Reliability Data Communications Air Service		Property Taxes Current Property Tax Classification Rates Local Tax Rates Estimating Your Hutchinson Property Taxes Major Employers
Power Reliability Data Having reliable power is critically important for many businesses: especially precision, high technology manufacturers. Hutchinson Utilities, the city’s municipal power provider, can provide your company with some of the most reliable power available anywhere! If your company depends on reliable power, Hutchinson is the place to be. Key Terms CAIDI    The average length of power interruption, weighted by the number of customers affected, during a specific time period. SAIDI    The average length of power interruption for customers during a specified time period. SAIFI    Average number of times a customer experiences a power interruption, during a specified time period. In all cases, a lower figure is better, as they indicate shorter and fewer outages. As you can see, Hutchinson Utilities provides the most reliable power available, by a very wide margin.

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Communications
The City of Hutchinson has state-of-the-art telecommunications services provided by Hutchinson Telephone Company available to meet the needs of your business. Services offered include: • Local Dial Tone Service • Customized Caling Features • Competitive Long Distance and Toll Free Service • Digital Cable TV Service • Broadband Service • DSL High Speed Internet Access • Voice and Data Network Cabling * Installation and Termination * CAT 5 Network Certified * Fiber Termination Certified * Power Limited Licensed • Business Telephone Systems Installation and Service • Complete Line of Phones and Telecommunications Equipment • Authorized Agents for: * Avaya Communications * 3 COM NBX Systems * Motorola * Mitel * Next Level • Integrated Services Data Network (ISDN) • Midwest Wireless Clearly Digital Cellular Service • Web Page Hosting T-3 / DS-3 & OC-3 Internet access available For additional information on the variety of telecommunications services available in Hutchinson, visit the website of Hutchinson Telephone Company or call toll free (800) 303-7039 or locally (320) 587-2323.
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Air Service

Property Taxes

The State of Minnesota has one of the most complicated property tax systems in the entire United States. To estimate your local property taxes it is necessary to consider the “property tax classification” and assessor’s “market value” of your property.

Multiplying these together will give you your “tax capacity.”

Then, you have to multiply the tax capacity of your property by the local tax rate, not forgetting to add in the statewide general tax.

The tables below provide all the information you need to estimate your Hutchinson property taxes

Current Property Tax Classification Rates (as payable in 2009)

Property Type		Classification Rate
Residential Homestead
First $500,000 of market value Value over $500,000		1.00% 1.25%
Residential Non-Homestead
First $500,000 of market value Value over $500,000		1.00% 1.25%
Commercial & Industrial
First $500,000 of market value Value over $500,000		1.50% 2.00%
Farm Homesteads
House, garage, one acre      First $500,000 of market value      Value over $500,000 Remainder of Farm      First $600,000 of market value      Value over $600,000		1.00% 1.25% 0.55% 1.00%
Farm Non-Homesteads
House, garage, one acre      First $500,000 of market value      Value over $500,000 Land		1.00% 1.25% 1.00%
Residential Rental (Apartments)
2-3 units 4 or more units		1.25% 1.25%
Seasonal Cabins
First $500,000 of market value Value over $500,000		1.00% 1.25%
Local Tax Rates (as payable in 2008)
Taxing District		Tax Rate
Statewide General Tax McLeod County City of Hutchinson School District 423 Hutchinson HRA Hutchinson EDA Region 6E Total		45.95% 56.15% 55.24% 14.55% 1.15% 1.44% 0.23% 174.71%
Estimating Your Hutchinson Property Taxes
As mentioned previously, estimating your property taxes is essentially a two-step process: Step 1: Determine the tax capacity of your property. Multiply the assessor’s “market value” of your property by the appropriate “property tax classification rate.” Step 2: Determine the amount of your local property tax. Multiply the tax capacity by the local “property tax rate.” Example: Suppose your Hutchinson business has an estimated market value of $500,000. Step 1: Determine the tax capacity of your property. (The first $150,000 of value multiplied by the classification rate of 1.5% plus the value remaining over $150,000 [in this case $350,000] multiplied by the classification rate of 2% equals tax capacity). ($150,000 x .015) + ($350,000 x .02) = $9,250 Step 2: Determine the amount of your local property tax. (Multiply your tax capacity of $9,250 by the combined property tax rate of 1.7407 [this is 174.07% divided by 100 to get a decimal] equals property tax). $9,250 x 1.7407 = $16,101.48 The estimated property tax on your $500,000 business would then be $16,101.48 for the year.
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Major Employers The table below lists some of the major employers in Hutchinson, along with their primary product area.

Company		Product/Service
Hutchinson Technology		Computer & Peripheral equipment mfg.
3M Corp.		Video & audio tapes, adhesive tape
Hutchinson Area Health Care		General medical & surgical hospital
Wal-Mart		Department store
Hutchinson Schools-ISD 423		Elementary & secondary schools
Case Wise Foods		Grocery Store
Menard's		Hardware store
Hutchinson Medical Center		Health Services
Goebel Fixture Co.		Store fixtures
Target		Department store
Shopko		Department store
City of Hutchinson		Local government
Econo Foods		Grocery store
Ag Systems, Inc.		Fertilizer & chemical application equipment
Hutchinson Telephone Co.		Telecommunications
J C Penny		Department store
Hutchinson Manufacturing		Metal fabrication
Hutchinson Utilities Comm.		Electric & natural gas provider
Haugen Furniture Company		Furniture
Impressions, Inc.		Commercial printing
Customer Elation		Customer Service Center NV-Telecom
Ohly		Yeast Products
Crow River Press		Publishing & printing
Hutchinson Leader		Newspaper/periodical
Warrior Manufacturing		Metal Fabrication
Richard Larson Builders/ABC		Building & construction
American Energy Systems		Manufacturing
Wahl Rebuild & Repair, Inc.		General Machining job shop
CreekSide Soils		Potting soil/Compost Products
Hillyard Floor Care-Supply		Wholesale, cleaning products
3-D C-N-C		Precision Tooling
Updated: December, 2008