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City of Lino Lakes, MN
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<br />Development Tax Estimate Comparison - Legacy at Woods Edge
<br />Tax Classification
<br />& Rates
<br />� 3
<br />0.00%
<br />Exempt Class Rate (Exempt)
<br />Fiscal Disparities Contribution Ratio
<br />38.2144% Pay 2020
<br />Commercial Industrial Preferred Class Rate (C/I Pref.)
<br />Fiscal Disparities Metro -Wide Tax Rate
<br />142.4540% Pay 2020
<br />First $150,000
<br />1.50%
<br />Local Tax Rate:
<br />103.093% Pay 2020
<br />Over $150,000
<br />2.00%
<br />Scenario A
<br />39.807% Pay 2020
<br />Commercial Industrial Class Rate (C/1)
<br />2.00%
<br />County Tax Rate:
<br />33.078% Pay 2020
<br />Rental Housing Class Rate (Rental)
<br />1.25%
<br />School District Tax Rate:
<br />25.097% Pay 2020
<br />Affordable Rental Housing Class Rate (Aff. Rental)
<br />Miscellaneous Tax Rate:
<br />5.111 % Pay 2020
<br />First $162,000
<br />0.75%
<br />State-wide Tax Rate (C/I only. Used for total taxes)
<br />38.8460% Pay 2020
<br />Over $162,000
<br />0.25%
<br />Market Value Tax Rate (Used for total taxes)
<br />0.17344% Pay 2020
<br />Non -Homestead Residential (Non-H Res. 1 Unit)
<br />First $500,000
<br />1.00%
<br />Note: Located in SD # 831, Rice Creek WS, and UTA 40831 B
<br />Over $500,000
<br />1.25%
<br />Homestead Residential Class Rate (Hmstd. Res.)
<br />First $500,000
<br />1.00%
<br />Over $500,000
<br />1.25%
<br />Estimated
<br />Taxable
<br />Market Value
<br />Market Value
<br />Total
<br />Taxable
<br />Property Tax
<br />Local
<br />Fiscal Disparities
<br />State
<br />Development
<br />New Use
<br />Per Sq Ft/Unit
<br />Per Sq Ft/Unit
<br />Sq Ft/Units
<br />Market Value
<br />Class
<br />Tax Capacity
<br />Tax Capacity
<br />Tax Capacity
<br />Scenario
<br />Retail
<br />150
<br />150
<br />120,000
<br />18,000,000
<br />C/I Pref.
<br />359,250
<br />137,285
<br />357,750
<br />Scenario B
<br />Townhome
<br />225,000
<br />208,010
<br />60
<br />12,480,600
<br />Hmstd. Res.
<br />154,758
<br />0
<br />0
<br />Scenario C
<br />Apartment
<br />175,000
<br />175,000
<br />280
<br />49,000,000
<br />Rental
<br />612,500
<br />0
<br />0
<br />Retail
<br />150
<br />150
<br />20,000
<br />3,000,000
<br />C/I Pref.
<br />59,250
<br />22,642
<br />57,750
<br />Scenario D
<br />Apartment
<br />175,000
<br />175,000
<br />240
<br />42,000,000
<br />Rental
<br />525,000
<br />0
<br />0
<br />Note: Market values are based upon estimates.
<br />City County School Total Local Fiscal Disparities Mk Value State-wide
<br />Development Portion Portion District Misc Taxes Taxes Taxes Taxes TOTAL
<br />Scenario $88,358 $73,422 $55,706 $11,345 $228,830 $195,568 $31,219 $138,972 $594,589
<br />Scenario $61,604 $51,191 $38,839 $7,910 $159,544 $0 $21,646 $0 $181,191
<br />Scenario C
<br />Scenario wV $208,987 $173,660 $131,759 $26,833 $541,238 $0 $72,845 W�$0 $614,083
<br />Note: Total taxes excludes solid waste management charges, special assessments, and any contamination tax.
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