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City of Lino Lakes <br />Residential Homestead <br />City Tax Impact Scenarios <br />August 14, 2023 <br />Change to <br />Proposed <br />2024 Levy <br />Levy Increase <br />with Change <br />Tax Rate with <br />Change <br />Increase due <br />to Market <br />Value <br />Increase <br />(Decrease) <br />due to City <br />Tax Rate <br />Change <br />Total <br />Increase <br />(Decrease) in <br />City Tax Bill <br />(500,000)$ 4.28%34.137%30$ (34)$ (4)$ <br />(400,000)$ 5.06%34.416%30$ (23)$ 7$ <br />(300,000)$ 5.83%34.696%30$ (11)$ 19$ <br />(200,000)$ 6.61%34.976%30$ -$ 30$ <br />(100,000)$ 7.38%35.256%30$ 12$ 42$ <br />Currently Proposed -$ 8.16%35.535%30$ 23$ 53$ <br />100,000$ 8.93%35.815%30$ 34$ 64$ <br />200,000$ 9.71%36.095%30$ 46$ 76$ <br />300,000$ 10.49%36.374%30$ 57$ 87$ <br />400,000$ 11.26%36.654%30$ 69$ 99$ <br />500,000$ 12.04%36.934%30$ 80$ 110$ <br />Proposed 2024 Residential City Tax Bill