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CITY OF LINO LAKES
<br />2014 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />ActualActualEstimate
<br />201220132014
<br />Taxable Market Value1,640,455,854 1,519,857,242 1,513,455,722
<br />Annual % Change(9.07%)(7.35%)(0.42%)
<br />Total Net Tax Capacity Value17,999,453 16,601,721 16,483,835
<br />Less FD Contribution in Value1,246,881 1,205,912 1,200,833
<br />Less Captured Value for Tax Increment 279,219 234,159 233,173
<br />Total Net Tax Capacity Value16,473,35315,161,65015,049,829
<br />Annual % Change(8.25%)(7.96%)(0.74%)
<br />Total % Change from 2012
<br />(7.96%)(8.64%)
<br />Net Tax Capacity Rate Calculation
<br />201220132014
<br />Total Levy 8,215,6288,227,259 8,296,044
<br />Less FD Distribution 1,161,407 1,124,143 1,119,408
<br />Total Net Levy for Tax Rate7,065,8527,091,4857,176,636
<br />Annual % Change
<br />(6.39%)0.36%1.20%
<br />Total % Change from 2012
<br />0.36%1.57%
<br />Projected City Tax Capacity Rate42.893%46.774%47.686%
<br />LEVY LIMIT GAP
<br />2014 Estimated Levy Subject to the Limit7,098,922
<br />2014 Preliminary Levy Limit8,227,259
<br />Amount Over/(Under) the 2014 Levy Limit(1,128,337)
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