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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES, MINNESOTA <br />STATE LEGISLATIVE ACTION <br />APPENDIX A <br />1991 <br />MS 273.13 <br />Subd. 32 <br />#22 Approve further adjustments to the commercial industrial tax rate for <br />valuations in excess of $100,000. Adjusted rates effective through 1995 are as <br />follows: <br />1990 1991 1992 1993 1994 1995 <br />Rue Rate Rate Rate Rate Rate <br />First $100,000 of <br />market value 3.30% 3.20% 3.10% 3.00% 3.00% 3.00% <br />Market value over Targeted to <br />$100,000 5.06% 4.95% 4.75% 4.70% 4.60% eventually be <br />4% <br />- t <br />1991 <br />MS 473F.02 <br />Subd. 8 <br />#21 Prohibits municipalities from conscientiously excluding most commercial - <br />industrial development within their community for reasons other than preserving <br />agricultural use through restrictive comprehensive zoning and planning policies. <br />1991 <br />MS 273.13 <br />Subd. 22 <br />#20 For aid payable in 1992, HACA will increase for certain cities as a result of <br />the adjusted property class rates (see #19 and #22) and the net tax capacity <br />adjustment (see #12). The net tax capacity adjustment is calculated as follows: <br />(previous year total net tax capacity - current year total net tax capacity) x current <br />local tax rate. <br />1991 <br />MS 273.13 <br />Subd. 22 <br />#19 Approved adjustments to residential homestead property (class la). <br />Adjusted rates are as follows: <br />Payable Payable Payable <br />1991 1992 1993 <br />Rate Rate Rate <br />First Tier of Market Value <br />Up to $68,000 1.00% <br />Up to $72,000 1.00% 1.00% <br />Second Tier of Market Value <br />$68,001 to $110,000 2.00% <br />$72,001 to $115,000 2.00% <br />over $72,000 2.00% <br />Third Tier of Market Value <br />over $110,000 3.00% <br />over $115,000 2.50% <br />1991 <br />MS 270.12 <br />Subd. 2 <br />#18 Establish methodology used in preparing assessment /sales ratio studies <br />requiring them to be consistent with the most recent Standard on <br />Assessment /Sales Ratio Studies published by the Assessment Standards <br />Committee of the International Association of Assessment Officers. <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. <br />PAGE 5 OF 8 <br />