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1985 Annual Budget Adopted
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1985 Annual Budget Adopted
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1985 Annual Budget Adopted
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`.. 1985 TAX BREAKDOWN <br />Cl1'Y OF LINO LADS <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 <br />County of Anoka <br />School District <br />Other Taxing Districts <br />Total Mill Rate <br />26.400 26.400 <br />27.017 27.017 <br />51.286 53.692 <br />6.458 4.895 <br />111.16 112.094 <br />26.400 <br />27.017 <br />59.937 <br />6.458 <br />119.812 <br />COMPUTATION OF ASSESED VALUATION: <br />Assesed Valuation $50,000 $70,000 $90,000 <br />1st $32,000 17% 5,440 5,440 5,440 <br />2nd $32,000 19% 3,420 6,080 6,080 <br />Excess 30% -0- 1,800 7,800 <br />Assessed Value 8,860 13,320 19,320 <br />TAX COMPUTATION BY SCHOOL DISTRICT: <br />The following table represents by school district what a homeowner 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 or $90,000. The homestead <br />Credit for 1984 is 54% to a maximum of $650.00. The property tax shown below as <br />been reduced by the homestead credit. <br />School District $50,000 $70,000 $90,000 <br />Centennial District #12 $ 453 $ 831 $ 1,498 <br />Forest Lake District #831 457 843 1,516 <br />White Bear Lake Dist. #624 488 946 1,665 <br />
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