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CITY OF LINO LAKES
<br />2015 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />Actual
<br />Actual Estimate
<br />2013 2014 2015
<br />Taxable Market Value 1,519,857,242 1,509,921,169 1,696,252,813
<br />Annual % Change (7.35%) (0.65%) 12.34%
<br />Total Net Tax Capacity Value 16,601,721 16,439,245 18,362,453
<br />Less FD Contribution in Value 1,205,912 1,063,999 1,072,911
<br />Less Captured Value for Tax Increment 234,159 232,280 225,467
<br />Total Net Tax Capacity Value 15,161,650 15,142,966 17,064,075
<br />Annual % Change (7.96%) (0.12%) 12.69%
<br />Net Tax Capacity Rate Calculation
<br />2013 2014 2015
<br />Total Levy 8,215,628 8,296,044 9,237,468
<br />Less FD Distribution 1,124,143 1,226,988 1,232,171
<br />Total Net Levy for Tax Rate 7,091,485 7,069,056 8,005,297
<br />Annual % Change 0.36% (0.32%) 13.24%
<br />Projected City Tax Capacity Rate 46.774% 46.682% 46.913%
<br />TAX CAPACITY RATE GAP
<br />Levy Required for Estimated 2015 9,237,468
<br />2015 levy at 2014 rate of 46.682% 9,198,041
<br />Adjustment Needed to Maintain 2014 Tax Rate 39,427
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