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11-13-2018 Council Meeting Packet
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11-13-2018 Council Meeting Packet
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City Council
Council Document Type
Council Packet
Meeting Date
11/13/2018
Council Meeting Type
Regular
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<br />- 16 - <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 /> 2017/18 <br /> For <br /> 2013/14 2014/15 2015/16 2016/17 Total Debt Only <br /> <br />Anoka County(a) 43.613% 38.443% 39.398% 37.273% 35.850% 4.283% <br />City of Lino Lakes 46.683 43.770 46.019 45.140 42.826 6.658 <br />ISD No. 12 <br /> (Centennial)(b) 46.186 36.562 36.426 29.097 34.970 20.273 <br />Special Districts(c) 6.338 5.701 5.901 5.378 5.172 2.038 <br /> <br />Total 142.820% 124.476% 127.744% 116.888% 118.788% 33.252% <br /> (a) Includes Anoka County Library and County/City Radio. (b) Independent School District No. 12 (Centennial) also has a 2017/18 tax rate of 0.15137% 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 6-12-18 <br />Levy/Collect Levy* Amount Percent Amount Percent <br /> <br />2017/18 $9,771,791 (In Process of Collection) <br />2016/17 9,486,823 $9,447,023 99.6% $9,468,116 99.8% <br />2015/16 9,053,413 9,012,162 99.5 9,047,616 99.9 <br />2014/15 8,680,907 8,626,115 99.4 8,677,745 99.9 <br />2013/14 8,292,159 8,225,357 99.2 8,288,146 99.9 <br /> <br />* The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy is the basis <br />for computing tax capacity rates. See Appendix III. <br />
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