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CITY OF LINO LAKES
<br /> 2019 Proposed General Fund
<br /> Net Tax Capacity Calculation
<br /> Actual Actual Adopted Actual Proposed
<br /> 2016 2017 2018 2018 2019
<br /> Taxable Market Value 1,699,288,883 1,808,417,118 1,962,454,648 1,959,826,108 2,086,113,493
<br /> Annual % Change 0.29% 6.42% 8.52% 8.37% 6.44%
<br /> Total Net Tax Capacity Value 18,440,817 19,643,805 21,320,744 21,289,294 22,661,135
<br /> Less FD Contribution in Value 1,115,822 1,168,180 1,215,580 1,215,584 1,322,826
<br /> Less Captured Value for Tax Increment 261,525 293,970 421,342 421,495 421,495
<br /> Total Net Tax Capacity Value 17,063,470 18,181,655 19,683,822 19,652,215 20,916,814
<br /> Annual % Change 0.20% 6.55% 8.26% 8.09% 6.43%
<br /> Net Tax Capacity Rate Calculation
<br /> Actual Actual Adopted Actual Proposed
<br /> 2016 2017 2018 2018 2019
<br /> Total Levy 9,058,428 9,491,855 9,776,732 9,776,732 10,562,007
<br /> Less FD Distribution 1,206,188 1,284,902 1,360,639 1,360,639 1,434,676
<br /> Total Net Levy for Tax Rate 7,852,240 8,206,953 8,416,093 8,416,093 9,127,331
<br /> Annual % Change 5.34% 4.52% 2.55% 2.55% 8.45%
<br /> Projected City Tax Capacity Rate 46.019% 45.140% 42.756% 42.826% 43636%
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