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CITY OF LINO LAKES
<br />2016 General Fund Budget/Gap Analysis
<br />Net Tax Capacity Calculation
<br />Actual Adopted Adopted
<br />2014 2015 2016
<br />Taxable Market Value 1,509,921,169 1,696,252,813 1,700,256,462
<br />Annual % Change
<br />(0.65%) 12.34% 0.24%
<br />Total Net Tax Capacity Value 16,439,245 18,354,891 18,453,593
<br />Less FD Contribution in Value 1,063,999 1,072,916 1,115,825
<br />Less Captured Value for Tax Increment 232,280 236,506 261,572
<br />Total Net Tax Capacity Value 15,142,966 17,045,469 17,076,196
<br />Annual % Change (0.12%) 12.56% 0.18%
<br />Net Tax Capacity Rate Calculation
<br />2014 2015 2016
<br />Total Levy 8,296,044 8,686,072 9,058,428
<br />Less FD Distribution
<br />Total Net Levy for Tax Rate
<br />Annual % Change
<br />1,226,988
<br />1,232,171 1,206,188
<br />7,069,056
<br />(0.32%)
<br />7,453,901 7,852,240
<br />5.44%
<br />5.34%
<br />Projected City Tax Capacity Rate 46.682% 43.730% 45.984°
<br />B-8
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