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Actual Actual Actual Proposed
<br />2021 2022 2023 2024
<br />Taxable Market Value 2,435,156,410 2,587,650,762 3,287,882,335 3,544,111,404 *
<br />Annual % Change 5.90% 6.26% 27.06% 7.79%
<br />Actual Actual Actual Proposed
<br />2021 2022 2023 2024
<br />Total Tax Capacity Value 26,491,445 27,908,349 35,452,015 38,937,906 *
<br />Less FD Contribution in Value (1,537,086) (1,643,524) (1,502,577) (1,820,393)
<br />Less Captured Value for Tax Increment (845,716) (783,140) (1,041,739) (1,402,012) *
<br />Total Net Tax Capacity Value 24,108,643 25,481,685 32,907,699 35,715,501
<br />Annual % Change 6.28% 5.70%29.14%8.53%
<br />Total Levy 11,141,815 11,819,287 12,893,915 14,120,928
<br />Less FD Distribution (1,472,118) (1,587,612) (1,384,776) (1,260,837)
<br />Total Net Levy for Tax Rate 9,669,697 10,231,675 11,509,139 12,860,091
<br />Annual % Change 6.92% 5.81%12.49%11.74%
<br />City Tax Capacity Rate 40.109% 40.154% 34.974% 36.007%
<br />*Preliminary Estimate from Anoka County - Updated 9/5/2023
<br />CITY OF LINO LAKES
<br />2024 PROPOSED TAX CAPACITY RATE
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