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05-28-13 Council Packet
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05-28-13 Council Packet
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2/28/2014 3:41:24 PM
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City Council
Council Document Type
Council Packet
Meeting Date
05/28/2013
Council Meeting Type
Regular
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<br />90 <br />CITY OF LINO LAKES, MINNESOTAExhibit 5 <br />TAXABLE VALUATIONS, TAX LEVIES AND TAX RATES <br />Tax CapacityTax Capacity <br />ValuesValues <br />2011/20122010/2011 <br />Taxable valuations: <br />Total17,999,453 $ 19,783,539 $ <br />Fiscal disparities: <br /> Distribution2,762,556 2,932,332 <br /> Contribution(1,246,881) (1,576,375) <br />Less: Captured Tax Increment Value(279,219) (251,890) <br />19,235,909 $ 20,887,606 $ <br />Tax Tax <br />CertifiedCapacityCertifiedCapacity <br />LevyRateLevyRate <br />Taxes Levied: <br />Revenue7,192,818 $ 37.501 7,719,240 $ 37.425 <br />Bond and Interest1,034,441 5.393 940,760 4.616 <br />Totals8,227,259 $ 42.894 8,660,000 $ 42.041 <br />The tax capacity rate is based on the total certif ied levy net of the fiscal disparity distribution. <br />
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