|
Actual Actual Adopted Actual Proposed
<br />2018 2019 2020 2020 2021
<br />Taxable Market Value 1,959,826,108 2,082,803,803 2,299,471,394 2,299,471,394 2,414,444,964
<br />Annual % Change 8.37%6.27%10.40%10.40%5.00%
<br />Total Net Tax Capacity Value 21,289,294 22,687,236 24,949,162 24,949,162 26,196,620
<br />Less FD Contribution in Value 1,215,584 1,322,808 1,486,922 1,486,922 1,665,353
<br />Less Captured Value for Tax Increment 421,495 606,568 719,368 719,368 863,242
<br />Total Net Tax Capacity Value 19,652,215 20,757,860 22,742,872 22,683,514 23,608,668
<br />Annual % Change 8.09%5.63%9.56%9.28%4.08%
<br />Actual Actual Adopted Actual Proposed
<br />2018 2019 2020 2020 2021
<br />Total Levy 9,776,732 10,055,416 10,491,518 10,491,518 11,816,640
<br />Less FD Distribution 1,360,639 1,375,292 1,447,780 1,447,780 1,582,085
<br />Total Net Levy for Tax Rate 8,416,093 8,680,124 9,043,738 9,043,738 10,234,555
<br />Annual % Change 2.55%3.14%4.19%4.19%13.17%
<br />Projected City Tax Capacity Rate 42.826%41.817%39.766%39.870%43.352%
<br />CITY OF LINO LAKES
<br />2021 Proposed
<br />Net Tax Capacity Calculation
<br />Net Tax Capacity Rate Calculation
<br />4
|