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10-24-2016 Council Packet
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10-24-2016 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
10/24/2016
Council Meeting Type
Regular
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<br />- 19 - <br />CITY TAX RATES, LEVIES AND COLLECTIONS <br /> <br /> <br />Tax Capacity Rates for a City Resident in Independent School District No. 12 (Centennial) <br /> <br /> 2015/16 <br /> For <br /> 2011/12 2012/13 2013/14 2014/15 Total Debt Only <br /> <br />Anoka County(a) 41.615% 44.761% 43.613% 38.443% 39.398% 4.772% <br />City of Lino Lakes 42.894 46.774 46.683 43.770 46.019 10.994 <br />ISD No. 12 <br /> (Centennial)(b) 40.010 43.681 46.186 36.562 36.426 22.527 <br />Special Districts(c) 6.222 6.590 6.338 5.701 5.901 2.237 <br /> <br />Total 130.741% 141.806% 142.820% 124.476% 127.744% 40.530% <br /> (a) Includes Anoka County Library and County/City Radio. (b) Independent School District No. 12 (Centennial) also has a 2015/16 tax rate of 0.18997% spread on the market <br />value of property in support of an excess operating levy. (c) Special districts include Metropolitan Council, Metropolitan Transit District, Metropolitan Mosquito Control, <br />Rice Creek Watershed, and Anoka County Railroad Authority. <br /> <br />NOTE: This table includes only net tax capacity based rates. Certain other tax rates are based on market value. <br />See Appendix III. <br /> <br /> <br />Tax Levies and Collections <br /> <br /> Collected During Collected and/or Abated <br /> Net Collection Year As of 6-2-16 <br />Levy/Collect Levy* Amount Percent Amount Percent <br /> <br />2015/16 $9,053,413 (In Process of Collection) <br />2014/15 8,680,907 $8,626,115 99.4% $8,655,295 99.7% <br />2013/14 8,292,159 8,225,357 99.2 8,274,054 99.8 <br />2012/13 8,211,868 8,109,317 98.8 8,198,150 99.8 <br />2011/12 8,223,605 8,088,787 98.4 8,213,730 99.9 <br /> * The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy is the <br />basis for computing tax capacity rates. See Appendix III. <br />
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