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EXHIBIT B <br />Based upon the Pay 2012 Ramsey County Property <br />January 2, 2011 Estimated Market Value (Pay 2012) $4,607,600 <br />Pay 2012 Property Taxes $179,092 <br />Property Tax By Jurisdiction <br />Ramsey Comity 9,602.7.5 <br />Regional Rail 735.49 <br />Public Safety Radio System 69.10 <br />County Library 742.59 <br />i.ittle Canada 1,766.26 <br />State General Tax 46,706.42 <br />School District 624 <br />Voter Approved Levies 12,770.85 <br />Other Local Levies 3,111.54 <br />Special Taxing Jurisdictions <br />Metropolitan Special Taxing 556.56 <br />Other Special Taxing 516.83 <br />Fax increment 252 48,785.31 <br />Fiscal Disparity 50,728.30 <br />TOTAL.. S179,092.00 <br />Value Reduction Resulting from Property Eligible for Exemption = 78 %. <br />2012 Total Tax Rate in Little Canada w /ISD 623 ...116.703% <br />2012 City Tax Rate 23.93% <br />City Prorated Share of Rate 20.51% <br />City Tax off 2012 Statement 54,766.26 <br />78 11/a Reduction $,717.64 <br />Tax Increment (this would be spread normally upon decertification of the TIE <br />District) $48,785.31 <br />X City's Prorated Share 20.51% <br />= City's Share 510,005.87 <br />X 78% Reduction 57,801.58 <br />TOTAL CITY IMPACT 01' VALUE REDUCTIOiN.........S1i,522,26 <br />16 <br />