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CITY OF LI1 I LE CANADA, MINNESOTA
<br />Estimated 1990/91 City property tax assuming a 7.1% increase in City Property Tax Levy
<br />Homestead Property
<br />Market Tax Capacity Values 1990 1991
<br />Value 1989/90 1990/91 Tax Tax Change
<br />$70,000 $720 $720 $129.87 $131.44 $1.56
<br />90,000 1,120 1,120 202.03 204.46 2.43
<br />120,000 1,920 1,820 346.33 332.24 (14.09)
<br />150,000 2,820 2,720 508.67 496.54 (12.14)
<br />180,000 3,720 3,620 671.01 660.83 (10.18)
<br />200,000 4,320 4,220 779.24 770.36 (8.88)
<br />250,000 5,820 5,720 1,049.81 1,044.19 (5.63)
<br />Commercial Property
<br />Market Tax Capacity Values 1990 1991
<br />Value 1989/90 1990/91 Tax Tax Change
<br />$120,000 $4,312 $4,190 $777.80 $764.88 ($12.91)
<br />250,000 10,890 10,625 1,964.34 1,939.59 (24.74)
<br />500,000 23,540 23,000 4,246.15 4,198.65 (47.50)
<br />1,000,000 48,840 47,750 8,809.76 8,716.76 (93.00)
<br />1,500,000 74,140 72,500 13,373.37 13,234.88 (138.50)
<br />2,000,000 99,440 97,250 17,936.99 17,752.99 (184.00)
<br />2,500,000 124,740 122,000 22,500.60 22,271.10 (229.50)
<br />Homestead rate change
<br />1989/90 1990/91
<br />$0- 68,000 1.00% $0- 68,000 1.00%
<br />$68,000 - 100,000 2.00% $68,000 - 110,000 2.00%
<br />over$100,000 3.00% over$110,000 3.00%
<br />Commercial / Industrial rate change
<br />1989/90 1990/91
<br />$0- 100,000 3.30% $0- 100,000 3.20%
<br />over$100,000 5.06% over$110,000 4.95%
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