|
City of Lino Lakes
<br />Net Tax Capacity Calculation
<br />Taxable Market Value
<br />Annual % Change
<br />Total Net Tax Capacity Value
<br />Less FD Contribution in Value
<br />Less Captured Value for Tax Increment
<br />Total Net Tax Capacity Value
<br />Annual % Change
<br />Total Levy
<br />Less FD Distribution
<br />Total Net Levy
<br />% of increase /(decrease)
<br />Adopted
<br />2009
<br />Estimated
<br />2010
<br />Difference
<br />2,134,558,200
<br />5.57%
<br />23,196, 932
<br />1,461,587
<br />664,119
<br />21,071,226
<br />3.91%
<br />2,009,657,700
<br />-5.85%
<br />21,839,911
<br />1,376,084
<br />625,268
<br />(124,900,500)
<br />(1,357,021)
<br />(85,503)
<br />(38,851)
<br />Net Tax Capacity Rate Calculation
<br />Actual
<br />2009
<br />9,244,338
<br />1,082,933
<br />19,838,559
<br />(5.85 %)
<br />Estimate
<br />2010
<br />9,821,864
<br />1,019,581
<br />(1,232,667)
<br />Estimate
<br />2010 w/o 2005A
<br />9,252,780
<br />1,019,581
<br />8,161,405
<br />3.29%
<br />8,802,283
<br />8,233,199
<br />* Estimated for 2007/08
<br />Estimated Levy to Hold 2009 Tax Rate
<br />Needed Reduction in Tax Levy
<br />8,703,544
<br />1,118,320
<br />Budget Reduction for MVHC withheld by state 241,000
<br />8,703,544
<br />549,236
<br />241,000
<br />
|