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THE CITY OF LINO LAKES <br />1988 GENERAL PROPERTY TAX LEVY - PAYABLE 1989 <br />GENERAL LEVY <br />SPECIAL LEVY <br />TOTAL LEVY <br />$ 1,127,373.00 <br />19,477.00 <br />$ 1,146,850.00 <br />PREVIOUS YEARS COMPARISON OF LEVY AND TAX RATES <br />CURRENT & % OF CURRENT & TAX <br />LEVY/ TOTAL DELINQUENT DELINQUENT CAPACITY <br />COLLECT LEVY COLLECTED COLLECTED RATE <br />1988/89 1,146,850 IN PROCESS OF COLLECTION 20.025% <br />1987/88 1,146,850 1,120,961 97.7% NA <br />1986/87 990,011 966,102 97.6% NA <br />1985/86 835,503 806,200 96.5 NA <br />1984/85 775,010 740,359 95.5 NA <br />BEGINNING WITH PROPERTY TAXES PAYABLE IN 1989, ASSESSED VALUE <br />OF PROPERTY WAS REPLACED WITH GROSS TAX CAPACITY IN <br />DETERMINING PROPERTY TAXES. THE VALUE OF PROPERTY WHICH IS <br />USED TO DETERMINE THE PROPERTY TAX WILL BE GROSS TAX <br />CAPACITY. THE GROSS TAX CAPACITY IS MULTIPLIED BY THE TAX <br />CAPACITY RATE, INSTEAD OF MILL RATE, TO DETERMINE THE TAX <br />PAYABLE ON A PARCAL OF PROPERTY. <br />NA - FIGURE NOT AVAILABLE <br />