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04/21/1997 Council Minutes
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04/21/1997 Council Minutes
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City Council
Council Document Type
Council Minutes
Meeting Date
04/21/1997
Council Meeting Type
Board of Appeal
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STATE OF MINNESOTA <br />•3UNTY OF ANOKA <br />CERTIFICATE AS TO TAXES AND TAXABLE <br />PROPERTY IN CITY OF LINO LAKES <br />(HEREIN CALLED THE "TAXING DISTRICT") <br />I hereby certify that the TAXING DISTRICT is situated wholely in this County <br />and that: <br />CURRENT VALUATION - The market value and net tax capacities of all <br />taxable property in the TAXING DISTRICT in this county as assessed in <br />1993 for the purpose of computing the rates of taxes collectible in 1994, <br />are as follows: <br />Real Estate: <br />Residential Homestead (Non -Ag) <br />(Class la & lb) <br />• <br />Estimated Net <br />Market Value Tax Capacity <br />$ 321,475,000 $ 4,231,281 <br />Agricultural (class 2 & 4b(3) 14,778,900 169,315 <br />Commercial & Industrial (class 3,5) 11,532,400 448,074 <br />Public Utility 176,500 8,120 <br />Railroad Operating Property 0 0 <br />All other Commercial & Industrial <br />Non -Homestead Residential <br />(Class 4a,4b,4c,4d & 4e) <br />Commercial & Residential Seasonal/Rec <br />(Class lc & 4c) <br />Other <br />Total Real Estate <br />12,576,100 290,064 <br />0 0 <br />$ 360,538,900 $ 5,146,854 <br />Total Personal Property $ 7,828,200 $ 360,097 <br />Total Real & Personal Property$ 368,367,100 $ 5,506,951 <br />If applicable to the TAXING DISTRICT <br />Subtract: Captured tax capacity of tax increment dist. 256,841 <br />10% of 200 KV Transmission lines 0 <br />Fiscal Disparity Contrubution Value 251,282 <br />Add: <br />Subtotal: Local tax rate determination value 4,998,828 <br />Fiscal Disparity Distribution Value 1,221,693 <br />Total Adjusted Taxable Net Tax Capacity 6,220,521 <br />•BOND94.LINO.PG1 <br />
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