|
CITY OF LINO LAKES
<br />2012 -2016 Financial Plan
<br />Net Tax Capacity Calculation
<br />Actual Actual Estimate Estimate Estimate Estimate Estin
<br />2010 2011 2012 2013 2014 2015
<br />Taxable Market Value 2,001,889,600 1,811,830,300 1,721,238,785 1,652,389,234 1,652,389,234 1,685,437,018 1,736,000,129
<br />Annual % Change (6.22 %) (9.49 %) (5.00 %) (4.00 %) 0.00% 2.00% 3.00%
<br />Total Net Tax Capacity Value 22,070,825 19,783,539 18,044,643 17,322,857 17,322,857 17,669,314 18,199,394
<br />Less FD Contribution in Value 1,697,800 1,576,360 1,246,883 ;; 1,197,008 1,197,008 1,220,948 1,257,576
<br />Less Captured Value for Tax Increment 327,659 251,890 280,221 269,012 269,012 274,392 282,624
<br />Total Net Tax Capacity Value 20,045,366 17,955,289 16,517,539 15,856,857 -- 15,856,837 16,173,974 16,659,193
<br />Annual % Change (10.43 %) (8.01 %) (4,00 %) 0.00% 2.00% 3.00%
<br />Total °A) Change from 2011 8,01%) (11.69 %) (11,69/) (9.92 %) (7.22 %)
<br />Net Tax Capacity Rate Calculation
<br />2010 2011 2012 2013 2014 2015 2016
<br />Total Levy 8,695,414 8,660,000 8,227,259 9,081,887 9,324,762 9,443,787 9,681,479
<br />Less FD Distribution 1,097,539 1,111,501 1,161,4'07, 1,200,000 - '1,200,000 1,224,000 1,260,720
<br />Total Net Levy for Tax Rate 7,597,875 7,548,499 7,065,852 7,881,887 8,124,762 8,219,787 8,420,759
<br />Annual % Change
<br />Total % Change from 2011
<br />Projected City T,ax>Capacity Rate
<br />Adjustment to Maintain 2012 Tax Rate
<br />Referendum Levy
<br />Market Value Tax Rate
<br />(0.8
<br />L39%)
<br />_39 %)
<br />5% 3.08% 1.17% 2.44%
<br />7.63% 8.89% 11.56%
<br />442%
<br />37.903%1% :� . 42 >0112% e .i78% 49.707% . 15t238V
<br />3
<br />$00041111,80
<br />(1,341,544) (1,300,905) (1,294,
<br />172,935 165,231 161,818 163,656
<br />0.000% 0.010% 0.010% 0.010% 0.009%
<br />•
<br />
|