|
CITY OF LINO LAKES
<br />2014 General Fund Budget /Gap Analysis
<br />Net Tax Capacity Calculation
<br />Taxable Market Value
<br />Annual % Change
<br />Actual Actual Estimate
<br />2012 2013 2014
<br />1,640,455,854
<br />(9.07 %)
<br />1,519,857,242
<br />(7.35 %)
<br />1,513,455,722
<br />(0.42 %)
<br />Total Net Tax Capacity Value 17,999,453 16,601,721 16,447,372
<br />Less FD Contribution in Value 1,246,881 1,205,912 1,063,999
<br />Less Captured Value for Tax Increment 279,219 234,159 234,925
<br />Total Net Tax Capacity Value 16,473,353 15,161,650 15,148,448
<br />Annual % Change (8.25 %) (7.96 %) (0.09 %)
<br />Net Tax Capacity Rate Calculation
<br />2012 2013 2014
<br />Total Levy 8,227,259 8,215,628 8,296,044
<br />Less FD Distribution 1,161,407 1,124,143 1,226,988
<br />Total Net Levy for Tax Rate 7,065,852
<br />Annual % Change (6.39 %)
<br />Projected City Tax Capacity Rate
<br />7,091,485 7,069,056
<br />0.36% (0.32 %)
<br />42.893% 46.774% 46.665%
<br />LEVY LIMIT GAP
<br />2014 Estimated Levy Subject to the Limit 7,098,922
<br />2014 Preliminary Levy Limit 8,227,259
<br />Amount Over /(Under) the 2014 Levy Limit (1,128,337)
<br />
|