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06-02-14 Council Packet
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06-02-14 Council Packet
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10/14/2014 1:51:37 PM
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6/2/2014 8:58:47 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/02/2014
Council Meeting Type
Work Session Regular
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<br />90 <br />CITY OF LINO LAKES, MINNESOTA Exhibit 5 <br />TAXABLE VALUATIONS, TAX LEVIES AND TAX RATES <br />Tax Capacity Tax Capacity <br />Values Values <br />2012/2013 2011/2012 <br />Taxable Valuations: <br />Total 16,601,721$ 17,999,453$ <br />Fiscal Disparities: <br /> Distribution 2,620,748 2,762,556 <br /> Contribution (1,205,912) (1,246,881) <br />Less: Captured Tax Increment Value (234,159) (279,219) <br />17,782,398$ 19,235,909$ <br />Tax Tax <br />Certified Capacity Certified Capacity <br />Levy Rate Levy Rate <br />Taxes Levied: <br />Revenue 7,190,538$ 40.964 7,192,818$ 37.501 <br />Bond and Interest 1,025,090 5.810 1,034,441 5.393 <br />Totals 8,215,628$ 46.774 8,227,259$ 42.894 <br />The tax capacity rate is based on the total certified levy net of the fiscal disparity distribution. <br /> <br />
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