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06/06/2011 Council Packet
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06/06/2011 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
06/06/2011
Council Meeting Type
Work Session Regular
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CITY OF LINO LAKES, MINNESOTA Exhibit 5 <br />TAXABLE VALUATIONS, TAX LEVIES AND TAX RATES <br />Tax Capacity Tax Capacity <br />Values Values <br />2009/2010 2008/2009 <br />Taxable valuations: <br />Total $ 22,070,825 $ 23,196,932 <br />Fiscal disparities: <br />Distribution 2,833,602 2,779,103 <br />Contribution (1,697,800) (1,461,587) <br />Less: Captured Tax Increment Value (327,659) (664,119) <br />$ 22,878,968 $ 23,850,329 <br />Tax Tax <br />Certified Capacity Certified Capacity <br />Levy Rate Levy Rate <br />Taxes Levied: <br />Revenue $ 7,816,232 34.086 $ 8,295,172 34.716 <br />Bond and Interest 879,182 3.819 949, 166 4.017 <br />Totals $ 8,695,414 37.905 $ 9,244,338 38.733 <br />The tax capacity rate is based on the total certified levy net of the fiscal disparity distribution <br />88 <br />
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