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CITY OF LINO LAKES
<br />2023 PROPOSED TAX CAPACITY RATE
<br />Actual
<br />Actual
<br />Adopted
<br />Actual
<br />Proposed
<br />2020
<br />2021
<br />2022
<br />2022
<br />2023
<br />Taxable Market Value
<br />2,299,471,394
<br />2,435,156,410
<br />2,591,670,167
<br />2,587,650,762
<br />3,295,834,164
<br />Annual % Change
<br />10.40%
<br />5.90%
<br />6.43%
<br />6.26%
<br />27.37%
<br />Total Tax Capacity Value
<br />24,887,837
<br />26,491,445
<br />27,950,000
<br />27,908,349
<br />35,555,319
<br />Less FD Contribution in Value
<br />1,486,924
<br />1,537,086
<br />1,643,524
<br />1,643,524
<br />1,502,577
<br />Less Captured Value for Tax Increment
<br />717,399
<br />845,716
<br />783,368
<br />783,140
<br />941,019
<br />Total Net Tax Capacity Value
<br />22,683,514
<br />24,108,643
<br />25,523,108
<br />25,481,685
<br />33,111,723
<br />Annual % Change
<br />9.28%
<br />6.28%
<br />5.87%
<br />5.70%
<br />29.94%
<br />Actual
<br />Actual
<br />Adopted
<br />Actual
<br />Proposed
<br />2020
<br />2021
<br />2022
<br />2022
<br />2023
<br />Total Levy
<br />10,491,518
<br />11,141,815
<br />11,819,287
<br />11,819,287
<br />12,667,057
<br />Less FD Distribution
<br />1,447,780
<br />1,472,118
<br />1,587,612
<br />1,587,612
<br />1,384,776
<br />Total Net Levy for Tax Rate
<br />9,043,738
<br />9,669,697
<br />10,231,675
<br />10,231,675
<br />11,282,281
<br />Annual % Change
<br />4.19%
<br />6.92%
<br />5.81%
<br />5.81%
<br />10.27%
<br />City Tax Capacity Rate
<br />39.870%
<br />40.109%
<br />40.088%
<br />40.154%
<br />34.073%
<br />*Very Preliminary Estimate from Anoka County
<br />9
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