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 Property Taxes
Natural Gas Rates Current Property Tax Classification Rates
Water, Wastewater, Garb. & Storm Water Billing Local Tax Rates
Power Reliability Data Estimating Your Hutchinson Property Taxes
Broadband Internet Major Employers
Air Service

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.

CAIDI

SAIDI

SAIFI

Year

Hutchinson

23.148

6.278

0.2662

2014

Hutchinson

25.22

11.08

0.4493

2013

Xcel Energy (2013)
Metro East 97.75 81.28 0.83 2013
Metro West 105 98.71 0.94 2013
Northwest 102.86 95.9 .093 2013
Southeast 145.1 108.8 .75 2013
Interstate Power          
Winnebago 66.17 59.81 0.90 2014 Goal
Albert Lea 78.44 80.30 1.02 2014 Goal
Otter Tail Power          
Bemidji 56.06 70.64 1.26 2014 Goal
Crookston 58.26 69.33 1.19 2014 Goal
Fergus Falls 60.33 66.97 1.11 2014 Goal
Morris 55.23 55.78 1.01 2014 Goal
For additional information about power reliability, contact Dave Hunstad, manager of the electrical division at Hutchinson Utilities, at (320) 234-0508

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Broadband Internet

The City of Hutchinson has world-class broadband internet service to meet the needs of your business.  Simply click on the name of the service provider to visit their website.

Provider / Website

Platform

Maximum

Download Speed

Maximum Upload Speed

 AT & T Mobility LLC  Mobile Wireless  10 Mbps < 25 Mbps  3 Mbps < 6 Mbps
 Xtratyme Technologies, Inc.  Fixed Wireless  10 Mbps < 25 Mbps  10 Mbps < 25 Mbps
 Broadband Corp.  Fixed Wireless  10 Mbps < 25 Mbps  768 Kbps < 1.5 Mbps
 Verizon Wireless  Mobile Wireless  10 Mbps < 25 Mbps  3 Mbps < 6 Mbps
 CenturyLink  DSL  25 Mbps < 50 Mbps  3 Mbps < 6 Mbps
 Frontier  Communications of Minnesota  DSL  6 Mbps < 10 Mbps  768 Kbps < 1.5 Mbps
 NU-Telecom  DSL  50 Mbps < 100 Mbps  10 Mbps < 25 Mbps
 NU-Telecom  Fixed Wireless  6 Mbps < 10 Mbps  768 Kbps < 1.5 Mbps
 NU-Telecom  DSL  10 Mbps < 25 Mbps  10 Mbps < 25 Mbps
Level 3 Communications, LLC Fiber 1 Gbps and up 1 Gbps and up

 

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Air Service

Airport Type

Local

Regional

International

Name Bulter Field Municipal St. Cloud Regional MPLS/St. Paul International
Phone (320) 587-7615 (320) 255-7292 (612) 726-5555
Location Hutchinson St. Cloud Minneapolis
Distance 2 miles 55 miles 65 miles
Primary Runway  4,000′ x 75′ feet 7,000′ x 150′ 10,000′ x 200′
Cross-Wind  None 3,000′ x 75′ 11,006′ x 150′
Surface Type  Paved Paved Paved
Lighted Runways  Yes Yes Yes
Customs  No No Yes
Navigational Aids  GPS, NDE, VOR-DME ILS, GPS, NDB, VOR-DME, VOR ILS, GPS, NDB, RNAV
Fuel  100LL 100LL, Jet A 100LL, Jet A
Weather Info System AEOSA/MNWAS AEOSA/MNWAS AEOSA/MNWAS, SATVIDEOWEATHER

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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.

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Current Property Tax Classification Rates (as payable in 2014)

Property Type

Classification Rate

Residential Homestead
First $500,000 of market value 1.00%
Value over $500,000 1.25%
Residential Non-Homestead 
First $500,000 of market value 1.00%
Value over $500,000 1.25%
Commercial and Industrial 
First $500,000 of market value 1.50%
Value over $500,000 2.00%
Farm Homesteads 
House, garage, one acre
First $500,000 of market value 1.00%
Value over $500,000 1.25%
Remainder of Farm
First $600,000 of market value 0.55%
Value over $600,000 1.00%
Farm Non-Homesteads 
House, garage, one acre
First $500,000 of market value 1.00%
Value over $500,000 1.25%
Land 1.00%
Residential Rental (Apartments) 
2-3 units 1.25%
4 or more units 1.25%
Seasonal Cabins 
First $500,000 of market value 1.00%
Value over $500,000 1.25%

Local Tax Rates (as payable in 2014)

Taxing District Tax Rate
Statewide General Tax
McLeod County
City of Hutchinson
School District 423
Hutchinson HRA
Hutchinson EDA
Region 6E
Total 
52.523%
56.497%
74.518%
14.999%
1.753%
1.718%
0.207%
202.215% 

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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.”  This gives you the “tax capacity” of the property.

Step 2: Determine the amount of your local property tax.
Multiply the tax capacity by the local “property tax rate.”  This gives your property tax amount.

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 2.02215 [this is 202.215% divided by 100 to get a decimal] equals property tax).
$9,250 x 2.02215 = $18,704.89

The estimated property tax on your $500,000 business would then be $18,704.89 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
3M Corp.
Hutchinson Area Health Care
Wal-Mart
Hutchinson Schools ISD 423
Cash Wise Foods
Menards
Hutchinson Medical Center
Goebel Fixture Co.
Target
Shopko
City of Hutchinson
Econo foods
Ag Systems, Inc.
Hutchinson Telephone Company
JC Penny
Hutchinson Manufacturing
Hutchinson Utilities Comm.
Haugen Furniture Company
Impressions, Inc.
Customer Elation
Ohly
Crow River Press
Hutchinson Leader
Warrior Manufacturing
Richard Larson Builders/ABC
American Energy Systems
Wahl Rebuild & Repair, Inc.
CreekSide Soils
Hillyard Floor Care – Supply
3-D C-N-C
Computer & peripheral equipment mfg
Video & audio tapes, adhesive tape
General medical & surgical hospital
Department store
Elementary & secondary schools
Govery store
Hardware store
Health services
Store fixtures
Department store
Department store
Local government
Grocery store
Fertilizer & chemical application equipment
Telecommunications
Department store
Metal fabrication
Electric & natural gas provider
Furniture
Commercial printing
Customer service center NV-Telecom
Yeast products
Publishing & printing
Newspaper/periodical
Metal fabrication
Building & construction
Manufacturing
General machining job shop
Potting soil/compost products
Wholesale, cleaning products
Precision Tooling

 

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