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06-08-2020 Council Packet
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06-08-2020 Council Packet
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12/2/2021 1:57:27 PM
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City Council
Council Document Type
Council Packet
Meeting Date
06/08/2020
Council Meeting Type
Regular
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CITY OF LINO LAKES, MINNESOTA <br />TAXABLE VALUATIONS, TAX LEVIES AND TAX RATES Exhibit 5 <br />Tax Capacity Tax Capacity <br />Values Values <br />2018/2019 2017/2018 <br />Taxable valuations: <br />Total $22,687,236 $21,289,294 <br />Fiscal disparities: <br /> Distribution 3,211,348 3,014,265 <br /> Contribution (1,322,808) (1,215,584) <br />Less: Captured Tax Increment Value (606,568) (421,495) <br />$23,969,208 $22,666,480 <br />Tax Tax <br />Certified Capacity Certified Capacity <br />Levy Rate Levy Rate <br />Taxes Levied: <br />Revenue $8,193,124 33.875 $8,165,859 36.168 <br />Bond and Interest 1,862,292 7.942 1,610,873 6.658 <br />Totals $10,055,416 41.817 $9,776,732 42.826 <br />The tax capacity rate is based on the total certified levy net of the fiscal disparity distribution. <br />173
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