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APPENDIX A
<br />CITY OF LINO LAKES, MINNESOTA
<br />YEAR &
<br />STATUTE
<br />REFERENCE
<br />STATE LEGISLATIVE ACTION
<br />1997
<br />#2 Class Rates: Changed class rates for calculating tax capacities. Examples of
<br />changes include the following:
<br />Residential Homestead from 1% on first $72,000 plus 2% for amounts over
<br />$72,000 to
<br />Sample
<br />Values
<br />1% on first $75,000 plus 1.85% on amounts over $75,000.
<br />Tax Capacity _ Differences
<br />Before After Amount Percent
<br />$70,000
<br />75,000
<br />100,000
<br />150,000
<br />200,000
<br />500,000
<br />750,000
<br />1,000,000
<br />$700 $700 $ - 0.00%
<br />780 750 (30) (3.85 %)
<br />1,280 1,213 (67) (5.27 %)
<br />2,280 2,138 (142) (6.25 %)
<br />3,280 3,063 (217) (6.63 %)
<br />9,280 8,613 (667) (7.19 %)
<br />14,280 13,238 (1,042) (7.30 %)
<br />19,280 17,863 (1,417) (7.35 %)
<br />Market Rate Apartments from 3.4% to 2.9 %. The small cities rate remained
<br />unchanged at
<br />Sample
<br />Values
<br />2.3 %.
<br />Tax Capacity Differences
<br />Before After Amount Percent
<br />$200,000
<br />500,000
<br />1,000,000
<br />5,000,000
<br />$6,800 $5,800 ($1,000) 14.71%
<br />17,000 14,500 (2,500) 14.71%
<br />34,000 29,000 (5,000) 14.71%
<br />102,000 87,000 (15,000) 14.71%
<br />PREPARED BY HLB TAUTGES REDPATH, LTD.
<br />PAGE 3 OF 4
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