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1994 Levy Determination <br /> The new levy was set at $527,852 for 1994 5. <br /> compared to $510,010 in 1993. <br /> The City Tax Rate was set at 15.359% in 1994 <br /> compared to 15.735% in 1993 <br /> Slide 5 Falcon Heights Truth in Taxation Public Hearing <br /> Even though the City levy went up some $17,000 the tax rate went <br /> down. This is because the City did not use all of its new Tax Capacity. <br /> Instead, about 1/2 of the new Tax Capacity was returned of the <br /> residents. <br /> Page 5 <br />