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City of Lino Lakes <br />Residential Homestead <br />City Tax Impact Scenarios <br />September 6, 2022 <br />Change <br />Needed to <br />9/6/2022 Levy <br />Proposed Tax Rate with Increase with <br />2023 Levy Change Change <br />$ (500,000) 32.563% 2.94% <br />$ (300,000) 33.167% 4.63% <br />$ (176,000) 33.542% 5.68% <br />Currently Proposed $ - 34.073% 7.17% <br />$ 176,000 34.605% 8.66% <br />$ 300,000 34.979% 9.71 % <br />$ 500,000 35.583% 11.40% <br />Proposed 2023 Residential City Tax Bill <br />Decrease <br />Total <br />Increase due <br />due to City <br />Increase <br />to <br />market <br />Tax Rate <br />(Decrease) in <br />value <br />Change <br />City Tax Bill <br />$ <br />337 <br />$ (305) <br />$ 32 <br />$ <br />337 <br />$ (280) <br />$ 57 <br />$ <br />337 <br />$ (265) <br />$ 72 <br />$ <br />337 <br />$ (244) <br />$ 93 <br />$ <br />337 <br />$ (223) <br />$ 114 <br />$ <br />337 <br />$ (208) <br />$ 129 <br />$ <br />337 <br />$ (183) <br />$ 154 <br />