|
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 2,456,365,382
<br />Annual % Change 8.37% 6.27% 10.40% 10.40% 6.82%
<br />Total Tax Capacity Value 21,289,294 22,687,236 24,949,162 24,949,162 26,835,151
<br />Less FD Contribution in Value 1,215,584 1,322,808 1,486,922 1,486,922 1,537,086
<br />Less Captured Value for Tax Increment 421,495 606,568 719,368 719,368 777,720
<br />Total Net Tax Capacity Value 19,652,215 20,757,860 22,742,872 22,683,514 24,520,345
<br />Annual % Change 8.09% 5.63% 9.56% 9.28% 8.10%
<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 11,141,815
<br />Less FD Distribution 1,360,639 1,375,292 1,447,780 1,447,780 1,471,726
<br />Total Net Levy for Tax Rate 8,416,093 8,680,124 9,043,738 9,043,738 9,670,089
<br />Annual % Change 2.55% 3.14% 4.19% 4.19% 6.93%
<br />Projected City Tax Capacity Rate 42.826% 41.817% 39.766% 39.870% 39.437%
<br />CITY OF LINO LAKES
<br />2021 Proposed
<br />Net Tax Capacity Calculation
<br />Net Tax Capacity Rate Calculation
<br />2
|