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09/06/2006 Council Packet
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09/06/2006 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
09/06/2006
Council Meeting Type
Work Session Regular
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City of Lino Lakes <br />Net Tax Capacity Calculation <br />Adopted Preliminary • <br />2006 2007 Difference <br />Taxable Market Value* 1,731,811,800 1,928,715,900 196,878,100 <br />Annual % Change 12.83% 11.37% <br />Total Net Tax Capacity Value 18,850,702 20,979,334 2,229,841 <br />11.292% <br />Less FD Contribution in Value 1,010,480 1,172,916 129,006 <br />Less Captured Value for Tax Increment * 389,386 500,000 114,684 <br />Total Net Tax Capacity Value <br />Annual % Change <br />17,450,836 19,306,418 <br />12.84% 10.63% <br />Net Tax Capacity Rate Calculation <br />Adopted Preliminary <br />2006 2007 <br />Total Levy 7,976,907 8,506,723 <br />Less HACA <br />Less FD Distribution * <br />Total Net Levy <br />of increase /(decrease) <br />758,895 775,000 <br />1,986,151 <br />7,218,012 <br />10.54% <br />7,731,723 <br />7.12% <br />* Estimated for 2006 <br />viii <br />
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