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1986 Annual Budget Adopted
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1986 Annual Budget Adopted
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1986 Annual Budget Adopted
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1986 TAX BREAKDOWN <br />CITY OF LINO LAKES <br />The following mill rates by taxing districts are in effect for taxes collected <br />during 1985. <br />MILL RATE <br />TAXING <br />DISTRICT Centennial Forest Lake White Bear Lake <br />City of Lino Lakes 26.749 26.749 26.749 <br />County of Anoka 28.738 28.738 28.738 <br />School District 56.402 52.919 59.899 <br />Other Taxing Districts 5.933 4.773 5.933 <br />Total Mill Rate 117.822 113.179 121.319 <br />COMPUTATION OF ASSESSED VALUATION: <br />Assessed Valuation $50,000 $70,000 $90,000 <br />1st $64,000 18% 9,000 11,520 11,520 <br />Excess 29% -0- 1,740 7,540 <br />Assessed Value 9,000 13,260 19,060 <br />$120,000 <br />TAX COMPUTATION BY SCHOOL DISTRICT: <br />11,520 <br />16,240 <br />27,760 <br />The following table represents by school district what a homewoner might expect <br />to pay in the City of Lino Lakes for real estate taxes on property that is fully <br />homesteaded and has a market value of $50,000, $70,000, $90,000 or $120,000. The <br />Homestead Credit for 1986 is 54% to a maximum of $700.00. The property tax shown <br />below has been reduced by the Homestead Credit. <br />School District $50,000 $70,000 $90,000 $120,000 <br />Centennial District #12 $488 $862 $1,546 $2,571 <br />Forest Lake District #831 468 801 1,457 2,442 <br />White Bear District #624 502 909 1,612 2,668 <br />
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