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10/23/2006 Council Packet
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10/23/2006 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
10/23/2006
Council Meeting Type
Regular
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CITY TAX RATES, LEVIES AND COLLECTIONS <br />Tax Capacity Rates For a City Resident in Independent School District No. 12 <br />2005/06 <br />For <br />2001/02 2002/03 2003/04 2004/05 Total Debt Only <br />Anoka County(a) 37.976% 38.469% 35.765% 33.581% 32.543% 3.899% <br />City of Lino Lakes 53.084 47.603 42.287 42.223 41.398 4.804 <br />School Districts(b) 37.828 37.467 36.649 37.486 40.253 31.773 <br />Special Districts(c) 5.913 6.295 5.829 6.195 6.032 1.809 <br />Total <br />(a) <br />(b) <br />(c) <br />134.801% 129.834% 120.530% 119.485% 120.226% 42.285% <br />Includes Anoka County Library and County /City Radio. <br />School districts include Independent School District No. 12 (Centennial) and Northeast Metropolitan <br />Intermediate District No. 916. Independent School District No. 12 (Centennial) also has a 2005/06 <br />tax rate of 0.15810% spread on the market value of property in support of an excess operating levy. <br />Special districts include Metropolitan Council, Metropolitan Transit District, Metropolitan Mosquito <br />Control, Rice Creek Watershed, and Anoka County Railroad Authority. <br />NOTE: Taxes are determined by multiplying the net tax capacity by the tax capacity rate expressed as <br />a percentage. (See Appendix Ill.) <br />Tax Levies and Collections <br />Levy /Collect <br />2005/06 <br />2004/05 <br />2003/04 <br />2002/03 <br />2001/02 <br />Collected During Collected <br />Net Collection Year As of 12 -31 -05 <br />Levy* Amount Percent Amount Percent <br />$7,694,442 <br />6,954,239 <br />6,200,404 <br />5,735,745 <br />5,471,180 <br />$6,867,803 <br />6,139,224 <br />5,658,922 <br />5,413,025 <br />(In Process of Collection) <br />98.8% $6,867,803 <br />99.0 6,176,758 <br />98.7 5,729,636 <br />98.9 5,467,959 <br />98.8% <br />99.6 <br />99.9 <br />99.9 <br />The net levy excludes state aid for property tax relief and fiscal disparities, if applicable. The net levy <br />is the basis for computing tax capacity rates. See Appendix Ill. <br />
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