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CITY OF LINO LAKES
<br />2012 -2016 Financial Plan
<br />Net Tax Capacity Calculation
<br />• Actual
<br />2010 Actual Estimate Estimate Estimate Estimate Estimate
<br />2011 2012 2013 2014 2015 2016
<br />Taxable Market Value 2,001,889,600 1,811,830,300 1,721,238,785 1,652,389,234 1,619,341,449 1,619,341,449 1,619,341,449
<br />Annual % Change (6.22 %) (9.49 %) (5.00 %) (4.00 %) (2.00 %) 0.00% 0.00%
<br />Total Net Tax Capacity Value 22,070,825 19,783,539 18,044,643 17,322,857 16,976,400 16,976,400 16,976,400
<br />Less FD Contribution in Value 1,697,800 1,576,360 1,246,883 1,197,008 1,173,068 1,173,068 1,173,068
<br />Less Captured Value for Tax Increment 327,659 251,890 280,221 269,012 263,632 263,632 263,632
<br />Total Net Tax Capacity Value
<br />Annual % Change
<br />Total % Change from 2011
<br />20,045,366 17,955,289 16, 517,539
<br />(10.43 %) (8.O1 %)
<br />(801%)
<br />856,837 "" 15,539,701 15,539,701 15,539,701
<br />(4,0'
<br />o{
<br />(11.69%
<br />Net Tax Capacity Rate Calculation;:
<br />0.00% 0.00%
<br />(13.45 %) (13.45 %)
<br />2010 2011 2012 2013 2014 2015 2016
<br />Total Levy 8,695,414 8,660,000 8,227,259 9,160,822" 9,486,406 9,765,759 10,126,787
<br />Less FD Distribution 1,097,539 1,111,501 1,161,407 1,200,000 1,200,000 1,200,000 1,200,000
<br />Total Net Levy for Tax Rate 7,597,875 7,548,499 7 065852 7,960,822 8,286,406 8,565,759 8,926,787
<br />Annual % Change
<br />Total % Change from 2011
<br />rojected City Tax Capacity Rate
<br />djustment to Maintain 2012 Tax Rate
<br />Referendum Levy
<br />37.903 %,
<br />;42
<br />O�a
<br />!.778%
<br />12.67%
<br />'5.46%
<br />4.09% 3.37% 4.21%
<br />9.78% 13.48% 18.26%
<br />.204% 53.324% 55.1224k .,'. 57.445 %`
<br />(1,177,604) (1,638,852) (1,918,205) (2,279,233)
<br />172,935 165,231 161,818 163,656
<br />Market Value Tax Rate 0.000% 0.000% 0.000% 0.010% 0.010% 0.010% 0.010%
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