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Blaine/Mounds View/Spring Lake Park, MN Prepared August 29, 1990 <br /> Alli,450,000 G.O. Fire Imprvovement Bonds By SPRINGSTED Incorporated <br /> IIPIpact of Pro-Rata Share of Debt Service <br /> TAX BILL IMPACT* <br /> City of Spring Lake Park (11 .20%) <br /> Commercial/Industrial Property Net Tax Capacity Rate: 90.385% <br /> Minnesota Property Class: 3A Estimated Increase: 1 .206% <br /> Est. Net Tax Capacity Rate with Project: 91 .591% <br /> SECTION A - 1990 PROJECTED TAX PAYMENT WITHOUT PROJECT <br /> Al Estimated Market Value**: $100,000 $200,000 $500,000 <br /> A2 Net Tax Capacity: 3,300 8,360 23,540 <br /> A3 Net Tax: 2,983 7,556 21 ,277 <br /> A4 Property Tax Bill: 2,983 7,556 21 ,277 <br /> SECTION B - 1990 PROJECTED TAX PAYMENT WITH PROJECT <br /> 81 Estimated Market Value**: $100,000 $200,000 $500,000 <br /> B2 Net Tax Capacity: 3,300 8,360 23,540 <br /> 83 Net Tax: 3,023 7,657 21 ,561 <br /> B4 Property Tax Bill: 3,023 7,657 21 ,561 <br /> Estimated 1990 Tax Increase <br /> e to Project: $40 $101 $284, <br /> * The above schedule shows the estimated increase in taxes payable at various <br /> market values if the estimated tax capacity rate increase due to the above <br /> project were added to the current tax capacity rate for taxes payable in 1990. <br /> ** Estimated market value is the basis from which net tax capacity is calculated. <br /> This value is not necessarily the price the property would bring if sold. <br />